23/06/2022
First time homebuyers in California- Help may be on the way!
'California Dream for All' program could help thousands of first-time home buyers. The program would provide 17% toward the purchase price of a first home, in the form of a loan that would be repaid when the buyer later sells the home.
"The California Dream for All program will give more people the chance to break free from the cycle of renting, become the first-time home owners!
This is the perfect time for first time homeowners to partner with an assistance program and get an offer on the table. Use someone else’s money as leverage. Little to no competition at the moment, nervous sellers = big savings for buyers. Instant cash for buyers who have little to no money down is now on the table and a great opportunity to get ahead.
This program has been included as part of the state's $300 billion legislative budget agreement, which Governor Gavin Newsom has until the end of the month to sign. – Fingers Crossed!
The program would provide 17% toward the purchase price of a first home, in the form of a loan that would be repaid when the buyer later sells the home.