Do I have to be a first-time buyer for GSFA Platinum?

Generally no — that's a major advantage over many DPA programs. You must still meet income and credit requirements. Confirm current guidelines with us.

How much assistance can GSFA Platinum provide?

Typically up to about 5.5% of the first-mortgage amount toward down payment and/or closing costs, depending on the option selected.

Down payment assistance

GSFA Platinum Down Payment Assistance — California

GSFA Platinum is a popular California program that provides down payment and closing-cost assistance of up to roughly 5.5% of the first mortgage. A key advantage: you generally do NOT need to be a first-time buyer, and the assistance can be structured as a gift/grant or a forgivable second in some scenarios.

Program administrator

Golden State Finance Authority (GSFA)

Where it applies

Statewide (California)

Assistance

Up to ~5.5% (grant/second)

Structure

Grant or forgivable second

How it works

The assistance is calculated as a percentage of your first mortgage and applied to down payment and/or closing costs. Depending on the option you choose, it may be a non-repayable grant or a second loan with favorable terms. It layers on FHA, VA, USDA, and conventional first mortgages.

Who qualifies

Meet GSFA income limits (does not require first-time buyer status)
Minimum credit score set by the program/first mortgage
Owner-occupied primary residence
Use an approved GSFA participating lender

Frequently asked questions

Do I have to be a first-time buyer for GSFA Platinum?: Generally no — that's a major advantage over many DPA programs. You must still meet income and credit requirements. Confirm current guidelines with us.
How much assistance can GSFA Platinum provide?: Typically up to about 5.5% of the first-mortgage amount toward down payment and/or closing costs, depending on the option selected.

Other assistance programs

CalHFA Dream For All CalHFA MyHome Assistance LA City LIPA LA County HOP

Program terms, dollar amounts, income limits, and funding availability change frequently and are set by the administering agency — not by USA Mortgage Solutions. This page is general information only, not a commitment to lend or a guarantee of eligibility. Confirm current details with a loan officer. Equal Housing Lender.