GSFA Assist-to-Own Program (County Employees)

GSFA Assist-to-Own Program (County Employees) is a deferred second loan for homebuyers in California. Enhanced GSFA Platinum for employees of GSFA member counties (Mono, Placer, Kings, Calaveras, Sutter, San Luis Obispo, Santa Barbara, and others). 3.5% deferred second mortgage plus 2% gift = 5.5% total. Can purchase anywhere in CA. Zero interest, no monthly payments. Up to 5.5% of purchase price in assistance. no monthly payments on DPA. Funding comes from Bond/Authority.

GSFA Assist-to-Own Program (County Employees) provides assistance worth 5.5% of the purchase price, as set by the program. The program asks homebuyers to contribute 1% of purchase price (borrower minimum). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

GSFA Assist-to-Own Program (County Employees) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, refinance, or payoff of first mortgage. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

GSFA Assist-to-Own Program (County Employees) is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum 640 FICO score required for all borrowers. Residency requirement: Primary residence; must be employed by GSFA member county. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. Must be employed by participating county government; up to 5.5% of first mortgage as DPA (3.5% deferred loan + up to 2% grant); no first-time buyer requirement.

GSFA Assist-to-Own Program (County Employees) sets its income limit as follows: Contact program provider for current income limits. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

GSFA Assist-to-Own Program (County Employees) caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD. New construction is eligible. Manufactured homes are not eligible.

GSFA Assist-to-Own Program (County Employees) is limited to employees of Employees of GSFA Member Counties. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

GSFA Assist-to-Own Program (County Employees) serves homebuyers purchasing anywhere in California.

Applications for GSFA Assist-to-Own Program (County Employees) go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through GSFA lender portal. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.