February 2, 2023 | Bulletin #23-01
"Journey to Homeownership" - New Episode
Featuring a Borrower Whom Utilized GSFA's
"Assist-to-Own" Down Payment Assistance
Season 2 - Episode 1 | "From a Studio to a 4-Bedroom Home"

Meet Michael Pluguez, a software developer for the County of Monterey. After more than a decade of paying high rent in Santa Cruz County, Michael learned about a special financial assistance program to help employees of County of Monterey (and 38 other counties) to purchase a home. With the down payment assistance help from Golden State Finance Authority, Michael purchased a 4-bedroom, 2-bath house in nearby Madera County with a monthly mortgage payment nearly equal to his last rent on a 1 bedroom/studio apartment.
Reminder: Loan Limit Increase for GSFA DPA Programs
GSFA Participating Lenders, remember the Maximum Loan Limit for GSFA Down Payment Assistance Programs increased for 2023 from $647,200 to $726,200.

Program Term sheets for GSFA Platinum and GSFA OpenDoors have been updated and are available in their respective Participant Guides online.


Additional Resources
Stay Up-to-Date on Recent Updates
Join us at a live Lender training webinar.
We want you to understand the GSFA Down Payment Assistance Programs, including recent changes and enhancements. Please join us for a live Lender training webinar.

Learn about:
  • The latest program updates.
  • Advantages of DPA for both client and lender.
  • Key dates and steps in the loan process.
  • Marketing tools and much more.

Various dates and times are available. Click "Register Today" to view availability and reserve your virtual seat.
© 2023 Golden State Finance Authority. All rights reserved.

Program Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

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