How do rates work for GSFA Platinum loans and where do you find them?
Saturday, January 25, 2025
Where do I find rates for GSFA Platinum loans?
GSFA publishes rates daily. Scroll down to see today's rates.
You cannot lock a rate until you have an offer accepted and your lender locks it with GSFA. Rates can be locked anytime between 8am and 4pm, but most lenders require an earlier cutoff time for you to request your lock to give them time to register the lock prior to the 4pm cutoff time.
My cutoff is 3:30 pm for me to enter the lock.
Rates are locked for 30 days.
Longer term locks are NOT available.
How to read the rate sheet
- Determine your loan program
- FHA = GNMA: If you are doing an FHA loan, then you will look at the rates under the category of GNMA
- FHLMC = Conventional loan: If you are doing a conventional loan, then you need to determine if you are over or under 80% AMI for the region you are buying. Look up area median income here to determine if you are above or below 80%
- Feature Determine your Eligibility for each program Click on program title for full details
- Standard: All funds are provided as a repayable 2nd mortgage. No Restriction regarding job title / industry
- Assist to Own: Available to employees of specific counties. 2nd requires no payment and has no interest, plus a gift/grant
- Select: Available to specific industries such as first responders and educators. Repayble 2nd plus a gift/grant.
GSFA Platinum Rates
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All information is for educational purposes only and is not a commitment to lend. Program guidelines, eligibility requirements, and availability—including down-payment assistance and CalHFA programs—can change at any time. Not all applicants will qualify. Please speak with me for personalized guidance.
