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GSFA Platinum - Mono County

Mono County, California

Last verified
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Assistance

5%

Of the purchase price, as the program sets it

Price cap

$776,250

Highest purchase price the program allows

Repayment

Grant

Not repaid

What is GSFA Platinum - Mono County?

GSFA Platinum - Mono County is a grant for homebuyers in Mono County, California.

  • GSFA Platinum grant up to 5% plus Assist-to-Own employee program for Mono County employees. High-altitude rural county. No repayment for grant option.
  • Up to 5.0% of purchase price in assistance.
  • non-repayable grant.
  • Funding comes from Bond/Authority.

How much assistance does it provide?

GSFA Platinum - Mono County provides assistance worth 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 - Mono County is structured as a grant, so it is not repaid.

  • Repayment is triggered by None (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 - Mono County 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: Primary residence in Mono County
  • Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen

The program excludes

  • Purchases above the $776,250 price cap

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 - Mono County 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.

What kind of home can it be used for?

GSFA Platinum - Mono County caps the purchase price at $776,250.

  • 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 - Mono County serves buyers purchasing in Mono County, California.

How do you apply?

Applications for GSFA Platinum - Mono County 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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