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. Think you can't buy a home? We can help open the doors of homeownership for you!

Program Highlights

• Financial assistance up to 7%, to use for down payment and/or closing costs in the form of various loan and gift combinations

• Homebuyer(s) don't have to be a first-time homebuyer to qualify

• Conventional & FHA first mortgage options 

• Flexible income limits

• Credit scores as low as 620

Does the DPA Have to be Paid Back?

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.