Academy Mortgage is pleased to offer an exclusive loan solution and grant program for low- to moderate-income individuals and families in California.
Through the GSFA Platinum Program, Academy provides qualified homebuyers with competitive 30-year home financing and a grant that can be used toward down payment or closing costs. The grant does not have to be repaid if certain conditions are met. Many times this allows homebuyers to purchase a home sooner than they thought possible.
Sample loan scenario: $250,000 purchase price, $245,471 loan amount, 3.5% down payment (funds from the NHF program), $1,671.73/month (PITI), 30-year fixed 4.5% interest rate, 5.664% APR. he GSFA Platinum Program is offered through the Golden State Finance Authority. This is not an offer for extension of credit or a commitment to lend. All mortgage products are subject to credit and property approval. Rates, program terms, and conditions are subject to change without notice. Additional conditions, qualifications, and restrictions may apply. Please contact Academy Mortgage for more information.