GSFA OpenDoors Program

Golden State Finance Authority provides the GSFA OpenDoors down payment assistance (DPA) program to help California homebuyers purchase a home with little-to-no money out of pocket.

The GSFA OpenDoors Program helps low-to-moderate income homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA), up to 7% of the First Mortgage Loan amount.

Features & Eligibility

The DPA Second Mortgage provided through the GSFA OpenDoors Program has a repayment requirement. The Deferred DPA Second Loan has a 30-year term and a zero percent note rate. It accrues no interest, has no monthly payments, but is due and payable upon sale, refinance or payoff of the First Mortgage. Any DPA provided as a Gift, does not have to be repaid.

  • Financial assistance up to 7%, to use for down payment and/or closing costs
  • Homebuyer doesn’t have to be a first-time homebuyer to qualify
  • Flexible income limits (low-to-moderate income)
  • Statewide eligibility
  • Primary residence only
  • Various first mortgage loan types available to fit the needs of the homebuyer
    (FHA, VA, USDA and Conventional financing as outlined below)

Government Financing (FHA, VA, and USDA loans)

  • Up to 6% of the First Mortgage Loan amount
  • No income limit
  • 620 minimum credit score (FHA and VA)
  • 640 minimum credit score (USDA)
  • FHA/VA/USDA County loan limits apply
  • Maximum debt-to-income ratio requirement 55%
  • Borrowers may have ownership interest in other properties at time of closing

Conventional Financing

  • Up to 7% of the First Mortgage Loan amount
  • Income limits apply per county
  • 620 minimum credit score
  • Loan limits apply per county
  • Debt-to-income ratio requirements apply
  • Approved homebuyer education required for first time home buyers

Fill out the form below to be contacted by a participating lender:

California Down Payment Assistance

In the unpredictable situation we are currently experiencing in the mortgage market, both interest rates and the ability to offer some products are being impacted. Until the markets find their new normal the situation is a fluid, day-to-day determination. Fill out the form below to find out what options are available today.