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GSFA Platinum Grant - Alameda County Specific

Alameda County, California

Last verified
See what you qualify forOfficial program site →
Assistance

5.5%

Of the purchase price, as the program sets it

Income limit

160% AMI

Of area median income; varies by county and household size

Price cap

$1.2M

Highest purchase price the program allows

Repayment

Grant

Not repaid

What is GSFA Platinum Grant - Alameda County Specific?

GSFA Platinum Grant - Alameda County Specific is a grant for homebuyers in Alameda County, California.

  • GSFA Platinum Grant for Alameda County homebuyers. Up to 5% of loan amount for down payment/closing costs.
  • Up to 5.0% of purchase price in assistance.
  • non-repayable grant.
  • Funding comes from GSFA.

How much assistance does it provide?

GSFA Platinum Grant - Alameda County Specific provides assistance worth 5.5% 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 Platinum Grant - Alameda County Specific is structured as a grant, so it is not repaid.

  • Repayment is triggered by N/A (non-repayable grant).
  • The assistance is recorded in N/A (grant - no lien) 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 Platinum Grant - Alameda County Specific is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Minimum 640 FICO score required for all borrowers
  • Residency: Must occupy as primary residence
  • Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen
  • Up to 5.5% of first mortgage as non-repayable grant; no income limit; no first-time buyer requirement; must use GSFA-approved lender in this county

The program excludes

  • Purchases above the $1.2M price cap
  • Households above 160% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

GSFA Platinum Grant - Alameda County Specific limits household income to 160% of the area median income, which varies by county and household size.

  • Workforce/moderate income: household income ≤160% AMI.
  • 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 Platinum Grant - Alameda County Specific caps the purchase price at $1.2M.

  • Eligible property types include Single-family (1-4 unit), FHA-approved condominium, townhome/PUD.
  • New construction is eligible.
  • Manufactured homes are eligible.

Where does it apply?

GSFA Platinum Grant - Alameda County Specific serves buyers purchasing in Alameda County, California.

How do you apply?

Applications for GSFA Platinum Grant - Alameda County Specific go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Contact the administering agency to reserve funds

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

  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.

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