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How to Apply for the "California Dream For All" Downpayment Assistance Program 6 месяцев назад


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How to Apply for the "California Dream For All" Downpayment Assistance Program

The State of California is about to open up its lottery system for the California Dream For All program. It's a taxpayer-funded downpayment assistance program that could allow prospective homebuyers to borrow a 20% down payment from the state to buy their first home. The program ran out of money in just 11 days last year. This year, it will be a lottery system instead of first come, first served. The lottery opens up on April 3, 2024. Although it's called "Dream For All," there is only about $250 million available, which means less than 2,000 prospective homeowners will get this help. The first thing you need to do is check out the requirements on the state's website: calhfa.Ca.Gov/dream. There you will find all of the requirements. You must be a first-time home buyer, you must meet income requirements and be a first-generation home buyer. “That would mean that at least one of the borrowers’ parents could not have owned a home. So this is trying to get people into homes because they need a little bit of help and they need help generationally,” said Tracy Campagna and Michael Cain. They are the San Diego Mortgage Couple, a state-approved lender for the Dream For All Program. MORE: https://www.cbs8.com/article/news/loc...

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