You could qualify for Down Payment Assistance
The Golden State Finance Authority (GSFA) Platinum Program® provides eligible borrowers with Down Payment Assistance (DPA) to help you acheive the dream of home ownership.
Key advantages
GSFA Platinum “Select” Program provides Down Payment Assistance up to 5%.
With the GSFA Platinum “Select” Program, eligible borrowers with certain occupations in public safety and education can receive Down Payment Assistance that includes a combination of a low interest rate second mortgage loan combined with a gift. The gift funds never have to be repaid.2
GSFA Platinum® Program provides Down Payment Assistance up to 5.5%.
With the GSFA Platinum Program, you could receive down payment assistance up to 5.5% of your first mortgage loan amount in Down Payment Assistance. A variety of loan types are available and can be used for purchases and refinance of a primary residence.1
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1. This page contains general program information, is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders. Example of $10,000 DPA is based on DPA of 5% on a $200,000 First Mortgage through the GSFA Platinum Program.
2. For complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) or a complete list of all occupations qualifying for the GSFA Platinum “Select” feature, contact a GSFA Participating Lender. Golden State Finance Authority (GSFA) is a duly constituted public entity and agency. Copyright © August 2023. Credit Union of Southern California is a Participating Lender with Golden State Finance Authority.
For more than 30 years, Golden State Finance Authority (GSFA) has offered homebuyers mortgage loan programs featuring low interest rates and down payment and/or closing cost assistance in a variety of forms. GSFA has helped more than 84,900 people purchase homes and provided over $654.5 million in down payment assistance.
NMLS #454788
The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Website.
Home equity line of credit
| Amount | Max CLTV 1 | Min APR 2 |
|---|---|---|
|
Amount :
Up to $250,000 |
Max CLTV 1 :
80% |
Min APR 2:
7.50% |
|
Amount :
Up to $500,000 |
Max CLTV 1 :
70% |
Min APR 2:
7.75% |
Rates Effective as of: January 22, 2025
1. Combined loan to value (LTV) not to exceed 80% of the appraised property value. Maximum loan amount is subject to credit qualification and appraised property value. Appraisal fees are applicable for HELOCs above $250,000. HELOC is only available on owner-occupied California properties including single-family residences, condominium and two-, three-, or four-unit properties. Properties with construction work in progress may not be eligible. Borrower responsible for payment of property taxes and homeowners insurance. 2. APR=Annual Percentage Rate. Offer available only for new CU SoCal HELOCs or refinanced HELOC from outside lender. Fees may be required for a condominium certification, multi-unit property appraisal and changes to title holder and is subject to change without notice. NMLS#454788
Loan Comparison Calculator
Home equity loan rates
| Amount1 | Term | Max CLTV2 | Rate | Points | APR | EST. Payment per $1,000 |
|---|---|---|---|---|---|---|
|
Amount1
:
Up to $250,000 |
Term:
Up to 15 Years |
Max CLTV2:
75% |
Rate:
7.50% |
Points : 0 |
APR:
7.50% |
EST. Payment per $1,000:
$9.27 |
|
Amount1
:
Up to $250,000 |
Term:
Up to 20 Years |
Max CLTV2:
75% |
Rate:
7.75% |
Points : 0 |
APR:
7.75% |
EST. Payment per $1,000:
$8.21 |
|
Amount1
:
Up to $250,000 |
Term:
Up to 25 Years |
Max CLTV2:
75% |
Rate:
8.00% |
Points : 0 |
APR:
8.00% |
EST. Payment per $1,000:
$7.72 |
|
Amount1
:
Up to $150,000 |
Term:
Up to 15 Years |
Max CLTV2:
80% |
Rate:
7.50% |
Points : 0 |
APR:
7.50% |
EST. Payment per $1,000:
$9.27 |
|
Amount1
:
Up to $150,000 |
Term:
Up to 20 Years |
Max CLTV2:
80% |
Rate:
7.75% |
Points : 0 |
APR:
7.75% |
EST. Payment per $1,000:
$8.21 |
|
Amount1
:
Up to $150,000 |
Term:
Up to 25 Years |
Max CLTV2:
80% |
Rate:
8.00% |
Points : 0 |
APR:
8.00% |
EST. Payment per $1,000:
$7.72 |
Rates Effective as of: January 22, 2025
1. Maximum loan amount subject to credit qualification and appraised property value. 2. Combined Loan-to-Value (CLTV). 3. Payment factor is based on a 15-year term, 20-year term, or 25-year term. The rates and prices quoted above are effective as of 3/6/2024, are not guaranteed and are subject to change without notice. CU SoCal offers a variety of real estate loan programs. For more information, please call a CUSoCal home loan specialist at 800.698.7196.
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