A new state lottery system to help prospective buyers purchase their first home went into effect on Wednesday. It's giving out $250 million in down payment assistance.
California relaunched the "Dream For All" program on Wednesday offering $250 million down payment assistance for a home purchase.A new state lottery system to help prospective buyers purchase their first home went into effect on Wednesday.is now accepting applications online. Last year, the program ran out of money in just 11 days.
READ ALSO | New California program for first-time homebuyers will let you borrow down payment at 0% interest "That's helpful because when it was first launched, there was not a good avenue to educate the buyers that are out there," she said.December sales were 6.2% lower than a year ago but prices are still high. Data from Zillow shows typical home values in Southern California are higher than the peaks in 2022.
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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
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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.
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California Relaunches "Dream For All" Program with $250 Million Down Payment AssistanceCalifornia relaunched the "Dream For All" program on Wednesday offering $250 million down payment assistance for a home purchase. A new state lottery system to help prospective buyers purchase their first home went into effect on Wednesday. The program is now accepting applications online.
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