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Down Payment Gift for Health Care, Public Safety and Educational Occupations

GSFA Platinum borrowers with certain occupations are eligible to apply for a DPA Gift instead of a Second Mortgage. The DPA Gift never has to be repaid.

Qualifying occupations in CA include:

  • Medical and Healthcare workers;
  • Peace Officers, Sheriff, Border Patrol Agents, Correctional Officers and others serving in a Law Enforcement capacity;
  • Firefighters, CalFire, paramedic, and Emergency Medical Technicians (EMTs), including administrative staff that supports firefighters; and
  • Current members of the California State Teachers Retirement System (CalSTRS) or University of California Retirement Plan (UCRP), employees of a California accredited Private, Charter or Public School District or California State University, Junior College or Private College, including school administration and staff.

Program Highlights

  • Financial assistance for down payment and/or closing costs (Now up to 5.5%).
  • Homebuyer doesn't have to be a first-time homebuyer to qualify.
  • Perfect credit not required. FICO scores as low as 640 can qualify.
  • Flexible income limits (low-to-moderate income).
  • Various first mortgage loan types available to fit the needs of the homebuyer
  • (FHA, VA, USDA and Conventional financing)

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. On a $300,000 Mortgage Loan, 7% in assistance is $21,000.

The program is limited to owner occupied primary residences only. There is no first-time homebuyer requirement and the qualifying guidelines are flexible.

Program Highlights

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.
  • Perfect credit not required. FICO Scores as low as 620 can qualify.
  • Flexible income limits (low-to-moderate income).

Various first mortgage loan types available to fit the needs of the homebuyer.

(FHA, VA, USDA and Conventional financing)


 

Mortgage Loan Officer

Marshawn Govan NLMS# 1370676

Appointments, Call, Message

Direct (559) 354-3100

Schedule a down payment assistance consultation:

https://calendly.com/marshawngovan

Get Prequalified

https://www.mkgenterprisescorp.com/home-purchase/


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Marshawn Govan

MKG Enterprises Corp Third-Party Originator NLMS 1370394 is a diversified digital finance company focusing on serving low-income and moderate income communities while promoting equal and fair access to homeownership to first-time home buyers and existing homeowners FHA, Conventional, VA, Jumbo loans, Non Qualified Mortgage loans, DSCR.

The company provides mortgage loans, down payment assistance, auto, home, life insurance, secured personal loans and tax refund advances. The goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.