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.  

• Make Your Home Yours - Movers & shakers, movie stars, and more call the Golden State home.  But home means something different to everyone.  Through home ownership, borrowers can personalize their space to suit their style and their needs.
• Build Wealth - Through appreciation of home values and monthly payments, homeowners can accrue long-term wealth through the equity they’re building.
• Enjoy Predictability - Things you want to be consistent: your taco order and your monthly payments.  While rent fluctuates and increases, a fixed mortgage payment offers financial reassurance.
• Build Community - The San Andreas may have the state rockin’ and rollin’ on occasion, but homeownership puts down roots in a community.  A stable community yields long-term relationships and local pride.

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:

• Financial assistance up to 7% to be used for down payment and/or closing costs
• Homebuyer does not need to be a first-time homebuyer to be eligible
• Available for FICOs down to 620; perfect credit isn’t a requirement
• Available with a variety of Kind loan types (FHA, VA, USDA, Conventional)

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.