I’m Michael DiVita — DRE #01372066 | NMLS #241655, DiVita Home Finance (DRE #01818285 | NMLS #323700), Tiburon, CA. I’ve been in California mortgage lending since 2000 and founded DiVita Home Finance in 2007. DiVita Home Finance is an approved GSFA lender — the Platinum grant is one of the most powerful tools I use for California buyers who don’t qualify for CalHFA or who aren’t first-time buyers. Call (800) 239-1103.

GSFA Platinum Grant California 2026: Free Down Payment Money You Never Repay

The GSFA Platinum program (Golden State Finance Authority) provides California homebuyers with up to 6% of the loan amount as a true grant — money that does not need to be repaid, ever. Unlike CalHFA MyHome (a deferred loan), GSFA Platinum is a gift. It is one of the most valuable and underutilized homebuyer assistance programs in California. 📞 (800) 239-1103

GSFA Platinum Key Details

• Assistance amount: Up to 6% of the loan amount (not purchase price)
• Type: True grant — no repayment, no second lien on the property
• Income limits: Up to approximately $180,000–$220,000 depending on county and household size (higher than CalHFA)
• First-time buyer required: No! GSFA Platinum does not require first-time homebuyer status
• Loan types: FHA, VA, USDA, and some conventional programs

How Much Does GSFA Platinum Provide?

On a $700,000 purchase with a $665,000 loan (5% down): 6% grant = $39,900. That can cover your 5% down payment plus closing costs — leaving you with significant cash still in hand at closing.

GSFA Platinum vs CalHFA MyHome

• GSFA Platinum: True grant (no repayment), no first-time buyer requirement, higher income limits, but interest rate on first mortgage may be slightly higher
• CalHFA MyHome: Deferred loan (repaid at sale/refi), first-time buyer required, lower income limits, first mortgage rate may be more competitive

The right choice depends on your income, first-time buyer status, and how long you plan to stay. We compare both for every qualifying client.

GSFA Platinum Eligibility

• California purchase only (primary residence)
• Income at or below GSFA income limits for your county
• Minimum 640 credit score (FHA); 660+ for conventional
• Must use a GSFA-approved lender (DiVita Home Finance is approved)
• No first-time buyer requirement

Why Is GSFA Platinum So Underutilized?

Most buyers and even many real estate agents do not know about GSFA Platinum. It is not as prominently marketed as CalHFA programs, and not every lender participates. Working with an approved lender who knows the program is essential.

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