Assist-to-Own Program
The Assist-to-Own down payment assistance program by GSFA Platinum is exclusively for GSFA member county employees. Please see image below to find out if your county is listed below.Â
What is "Assist-to-Own"?
👉📹 Click here to watch a video I recorded on this Assist-to-Own Program!
Assist-to-Own is a down payment assistance program designed to make homeownership more accessible. The program provides combined assistance for down payments and closing costs up to 5.5% of your total mortgage loan.
Here’s how it breaks down:​
- ​Deferred Second Mortgage: You'll receive 3.5% of your first mortgage amount as a second mortgage. This loan is interest-free—meaning it accrues no interest and requires no monthly payments. It's only repayable when you sell or refinance your home.
- ​Gift Funds: Additionally, you can receive up to 2% of the mortgage amount as a gift, not a loan, which doesn’t need to be repaid.​
🔑Key Benefits:Â
- ​Flexibility: The program isn’t limited to first-time homebuyers, opening the door to many who are looking to step into a new home or upgrade from their current one.
- ​Various Eligible Properties: Whether you're eyeing a single-family home, a condo, or a townhouse, this program has you covered. It applies to primary residences, including 1-4 unit residences, condominiums, and townhomes.​
- ​Multiple Loan Options: Compatible with several types of mortgage loans including FHA, VA, USDA, and Conventional mortgages, giving you the freedom to choose the best fit for your financial situation.
- ​Accessible Requirements: The program comes with feasible qualifications—minimum FICO score of 640 and a maximum debt-to-income ratio (DTI) of 50%.
How to Get Started:
Check with your employer to confirm your eligibility and connect with me as I can guide you through the application process.
With flexible property and loan options, plus significant financial assistance, your path to homeownership is clearer and more accessible than ever.​
Ready to Get Started?
*This communication is for informational purposes only, this is not a commitment to lend. Individual buyer's financial circumstances may be different and may result in different interest rates, costs, and payments. All programs are subject to change or cancelation at any time and without notice. Please consult your licensed Loan Originator to learn more about mortgage products, your eligibility, and ask for an official Loan Estimate before choosing your loan.
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John King
I'm John King, and I've dedicated over 20 years to the mortgage industry. Proudly ranking in the top 1% of mortgage originators since 2015, my passion lies in guiding homebuyers and homeowners achieve their homeownership goals.
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John King -Â NMLS ID# 453426
855-626-5464 Office
kingteam@johnloanking.com
2220 Douglas Blvd, Suite 220, Roseville, CA 95661
John King Loan Consultant / Branch Manager NMLS ID# 453426, Roseville- Branch NMLS ID# 1008243, Lodi- Branch NMLS ID# 284835, Summit Funding, Inc. NMLS ID# 3199, www.nmlsconsumeraccess.org, Equal Housing Opportunity.