GSFA Lender
Bulletin | Program Bulletin #17-0217 | February
17, 2017
GSFA Platinum
& MCC Lenders,
Here's another opportunity to learn about the advantages of conventional
loans under the GSFA Platinum down payment assistance program...
Freddie Mac HFA
Advantage Program
- Lender Training Webinar
Training will include a program overview along with a question and answer
session with representatives from Freddie Mac. Please pre-register
as space is limited. A confirmation email will be sent to
you with the webinar details upon completion of your registration.
What is Freddie
Mac HFA Advantage?
Freddie Mac HFA Advantage℠ mortgage
offers outstanding flexibility for maximum financing. This offering
adopts the responsible and affordable flexibilities and requirements of
Freddie Mac Home Possible Advantage℠ but
with added flexibilities for Housing Finance Agencies (HFAs). Call C G at (949) 784-9699 for terms and conditions
NMLS 324982
***REMINDER - MCC Promotion Ends
March 31st***
$250 OFF Application Fee
For anyGSFA
MCC[links.govdelivery.com] reservation made through March
31, 2017, GSFA has lowered the Application Fee from $350 to $100.
That's a $250 savings to borrowers!
The federal income tax advantage provided by the GSFA
MCC is equal to 20% of the mortgage interest paid annually. This means
that 20% of the annual mortgage interest paid is deducted directly from
annual tax debt. The remaining 80% of the mortgage interest can still
qualify to be taken as a deduction from gross income in the usual
manner.
The approval of an MCC, may also help the homebuyer to
qualify for the mortgage loan itself. To learn more, visit visit our
website and/or register to attend a Training & Education[links.govdelivery.com] webinar.
This bulletin is intended for mortgage professionals only.
Golden State Finance Authority is a duly constituted public entity and
agency. Restrictions apply on all programs.
