On April 3, the program opens once again, and qualifying homebuyers can score up to 20 percent off their down payment fees.
Time is running out for California homebuyers looking for down payment assistance on their first home purchase this year.The California Dream for All Shared Appreciation loan program launched last year and quickly drew attention. In just 11 days, first-time homebuyers went through all of the $300 million available.However, on April 3, the program opens once again, and qualifying homebuyers can score up to 20 percent off their down payment fees.
'For many of our buyers, the Dream program was the difference between homeownership and renting,' Lyon said, adding that many needy homebuyers do not necessarily meet the first-generation requirement but are still unable to make a purchase in today's housing market.According to Redfin, the median California home sale price was $785,600 and had increased 11.4 percent over the last year.
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