Golden State Finance Authority provides the GSFA OpenDoors down payment assistance (DPA) program to help California homebuyers purchase a home with little-to-no money out of pocket.

The GSFA OpenDoors Program helps low-to-moderate income homebuyers in California purchase a home by providing down payment and/or closing cost assistance (DPA), up to 7% of the First Mortgage Loan amount.
Features & Eligibility
The DPA Second Mortgage provided through the GSFA OpenDoors Program is available for Purchase transactions as a deferred 30-year Second Mortgage Loan with a 30-year term and a zero percent note rate. It accrues no interest, has no monthly payments, but is due and payable upon sale, refinance or payoff of the First Mortgage. Any DPA provided as a Gift, does not have to be repaid. DPA may be used for down payment and/or closing costs. The program features:
- Financial assistance up to 7%, to use for down payment and/or closing costs
- Homebuyer doesn’t have to be a first-time homebuyer to qualify
- Flexible income limits (low-to-moderate income)
- Statewide eligibility
- Primary residence only
- Various first mortgage loan types available to fit the needs of the homebuyer
(FHA, VA, USDA and Conventional financing as outlined below)
Government Financing (FHA, VA, and USDA loans)
- Up to 6.5% of the First Mortgage Loan amount
- No income limit
- 620 minimum credit score (FHA and VA)
- 640 minimum credit score (USDA)
- FHA/VA/USDA County loan limits apply
- Maximum debt-to-income ratio requirement 55%
- Borrowers may have ownership interest in other properties at time of closing
Conventional Financing
- Up to 7% of the First Mortgage Loan amount
- Income limits apply per county
- 620 minimum credit score
- Loan limits apply per county
- Debt-to-income ratio requirements apply
- Approved homebuyer education required for first time home buyers
Fill out the form below to be contacted by a participating lender: