A California down payment assistance program — known as “California Dream for All” — is once again accepting applications.
When a buyer eventually sells their home, they will pay back the original loan, plus somewhere between 15-20% of any appreciation of the home's valueMany people in California consider buying a house a challenging task, and one of the biggest hurdles to homeownership is saving for a down payment.
The program offers people assistance of up to 20% of the purchase price of a home, which can be used toward a down payment or closing costs. “I’m the primary breadwinner for a family of three, and I would not have been able to purchase a home without the program,” Cheryl Jenkins, a recipient from the program's first round, said.California Dream for All is a shared equity program. When a buyer eventually sells their home, they will pay back the original loan, plus somewhere between 15-20% of any appreciation of the home's value.“We absolutely need more programs like this in the future.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Los Angeles, California job with University of Southern California CCMB Dechen Lin LabWe are seeking 2 highly motivated postdoctoral fellows with background in either bioinformatics, cancer biology, epigenomics, immunology, or metabolism to join our NIH-funded laboratory at Center for Craniofacial Molecular Biology, Norris Comprehensive Cancer Center, University of Southern California.
Read more »
Democrats losing their hold on California and California losing its hold on America Democrats are losing ground in California as California loses population to other states.
Read more »
The California city that killed a Black entrepreneur's dream in 1960 may make amendsThe Ebony Beach Club never saw the light of day, but the city of Santa Monica wants to make things right.
Read more »
California's 'Dream For All' down payment assistance program enrollment opensThe taxpayer-funded down payment assistance program allows prospective homebuyers to borrow a 20% down payment from the state
Read more »
California Dream For All Program Offers Down Payment AssistanceCalifornia Dream For All program is a taxpayer-funded down payment assistance program that allows prospective homebuyers to borrow a 20% down payment from the state. The program ran out of money in just 11 days last year. The lottery opens on April 3, 2024, with $250 million available, helping approximately 2,000 prospective homeowners. To qualify, applicants must be first-time homebuyers, meet income requirements, and be first-generation homebuyers. Mortgage brokers Tracy Campagna and Michael Cain emphasize the program's aim to provide assistance to those who need it and help them become homeowners.
Read more »
Chevron agrees to pay more than $13 million in fines for California oil spillsChevron has agreed to pay more than $13 million in fines for dozens of past oil spills in California. The California-based energy giant agreed to pay the California Department of Conservation a $5.6 million fine associated with a 2019 oil spill in Kern County. The company also agreed to pay the California Department of Fish and Wildlife a $7.
Read more »