Platinum Grant Financing

Borrower must meet the following requirements:

  • Occupy the residence as their primary residence; non-occupant co-borrowers are not allowed.
  • Borrower income cannot exceed GSFA income limits for the county in which the property is located: 120% Area Median Income (AMI). Refer to www.gsfahome.org
  • Minimum Credit Score of 640.
  • Meet all required Conv, FHA, VA, USDA-RHS underwriting criteria

Grant Funds Available from GSFA:

 

  • May not exceed 5% of the First Mortgage Loan amount on Conv, FHA, or VA loans
  • Proceeds may be used for down payment and/or closing costs
  • There must be no cash back to the borrower from the Grant Fund proceeds

 

Red apply