This address previously described assistance using the CHF and CRHMFA names. For a current decision, review today's program documents rather than relying on the old page's grant, credit-score or repayment claims.
Review current GSFA options
GSFA Platinum provides down payment assistance with specific loan and borrower requirements. Repayment depends on the assistance structure. Some assistance must be repaid when the first mortgage is sold or refinanced; it should not be assumed that all assistance is a gift.
Questions to compare
Ask which assistance option is being offered, whether it creates a second mortgage, whether payments are required and which events make the balance due. Compare the complete financing package with an option that does not use assistance.