GSFA OpenDoors Program

What is GSFA OpenDoors Program?

GSFA OpenDoors Program is a deferred second loan for homebuyers in California.

• Deferred 30-year second mortgage up to 7% of first mortgage amount at 0% interest, no monthly payments. Due and payable on sale, refinance, or payoff of first mortgage. Larger assistance than Platinum. Available statewide for FHA, VA, USDA loans.
• Up to 7.0% of purchase price in assistance.
• no monthly payments on DPA.
• Funding comes from Bond/Authority.

How much assistance does it provide?

GSFA OpenDoors Program provides assistance worth 7% of the purchase price, as set by the program.

• The program asks buyers 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.

Do you have to pay it back?

GSFA OpenDoors Program 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.

Who qualifies?

GSFA OpenDoors Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

GSFA OpenDoors Program limits household income to 160% of the area median income, which varies by county and household size.

• 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.

What kind of home can it be used for?

GSFA OpenDoors Program 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.

Where does it apply?

GSFA OpenDoors Program serves buyers purchasing anywhere in California.

How do you apply?

Applications for GSFA OpenDoors Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Contact the administering agency to reserve funds

   Funds are reserved through GSFA lender portal, and are subject to availability.

2. 2

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.