Valley News -

GSFA partners with USDA on cash back program for homebuyers


Last updated 9/28/2018 at 1:24am

SACRAMENTO – Craig Ferguson, deputy director of Golden State Finance Authority, joined Kim Dolbow Vann, state director of U.S. Department of Agriculture Rural Development, to announce a partnership on a new gift program that will benefit rural homebuyers in California.

Individuals or families purchasing a primary residence in California with a USDA Rural Development Single Family Loan Guarantee through the GSFA Platinum Program will be eligible for assistance of up to 4 percent in the form of a non-repayable gift. The amount of the gift is based on the amount of the mortgage loan....

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