Kind Lending, LLC is opening doors to homeownership for more borrowers. We are proud to roll out the welcome mat for our latest offering – GSFA OpenDoors®. The Golden State Financial Authority program was designed to help more Californians realize their dreams of homeownership.
Sunny Reasons to Consider Homeownership
Looking for a place to store that surfboard? Californians should consider the numerous sunshine-soaked benefits of homeownership.
The benefits of homeownership vary from finding your home style and community, plus flexing those financial goals like the bodybuilders on Muscle Beach.
Opening Doors for Homeowners
For over 20 years, the Golden State Financial Authority (GSFA) has been making more dreams come true than American Idol and The Bachelor combined. More than 80,000 low-to-moderate income homebuyers have found down payment assistance and/or closing cost assistance through GSFA, equating to up to 7% of the First Mortgage Loan amount. For example, 7% of a $300,000 Mortgage Loan equates to $21,000. Eligible borrowers can utilize the Down Payment Assistance (DPA) program to purchase a home with little-to-no down payment and speed up their journey to home sweet home.
Qualifying for Kind Lending’s Newest Program
Ready to go from renter to radical neighbor? The program is offered for owner-occupied residences with no first-time homebuyer requirements. Hello, flexibility!
Program highlights include:
Curious how this works? The DPA is available to homebuyers as a Deferred DPA Second Mortgage combined with a DPA gift, for totals up to 7%. We’re proud to offer this with a 30-year term and a zero percent note rate. This Kind solution accrues no interest and requires no monthly payments, but does have a repayment requirement. The second mortgage is due and payable upon the home’s sale or refinance, or when the first mortgage loan is paid off. Another golden detail: The amount of DPA provided as a gift does not have to be repaid.
Your local Kind Ambassador is ready to help you find the right loan program for you, including the all-new GSFA OpenDoors® Down Payment Assistance program.
For more information about us, please visit the KindLending website.