California Dream for All down payment assistance program! 20% down to help you buy your first home. (Yes, it’s for real.) Watch for the down n dirty Q&A and hit us up for the details! #buyahouseinLA
Apply at
www.fionabryan.com
Download my FREE guide to down payment assistance at:
www.buyahouseinLA.com
What is the program?
The Dream for All loan gives up to 20% down payment assistance for first time homebuyers in California.
Who qualifies?
Income limits vary by county — in LA County the income cap is $180k.
Is it a grant or a loan?
It’s a “shared appreciation” loan with NO payments and 0% interest. You pay it back when you sell or refinance or after 30 years of ownership, plus a share of the appreciation in the value of the home. Those repayments are then used to fund future homebuyer down payments.
Who’s behind it?
The State of California through CalHFA (California Housing Finance Agency).
What’s the catch?
There are income limits and FICO needs to be above 660. You must owner occupy the property, it has to be a single family home or condo/townhouse (not multifamily), and you cannot have owned a home in the last 3 years.
When can you apply?
NOW! 🙂 The program just went live today and funds are expected to run out quickly. Not all lenders are qualified to do the California Dream for All loan, so connect with me directly so you’re not going down dead ends with misinformation online and missing the boat.