In this video, Benson shares how low and moderate income families can now afford to buy a home in California in 2023.
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The California Dream For All program has launched. This is a new program meant to help first time home buyers achieve home ownership. The California Housing Finance Agency will be the administrator for the California Dream For All program. As laid out in Senate Bill 197, CalHFA is authorized to provide shared appreciation loans to help low and moderate income first time home buyers.
To achieve home ownership, the Shared Appreciation loans will provide funding to assist with down payments and closing costs. This Bill would establish the California Dream For All program to provide shared appreciation loans to qualified first-time home buyers.
The bill would limit the program to providing assistance to low and moderate-income home buyers in the purchase of owner-occupied homes since this program just launched. I'm sure that there will be a lot of changes in the first few months. So if you have any questions or comments, feel free to leave them below.
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I am licensed to operate in California, Colorado, and Texas and can guide you on everything that you need to know about the housing market and the home loan process to make your home-buying experience easy and exciting for you!
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"Empowering families to build a lifetime of beautiful nests together."
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Licensed in: CA, CO, OR, and TX
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Benson Pang
Founder of NestMade Mortgage
NMLS 897612 | DRE 01907837 | MLO 100529570
626.899.4248
bensonpang@nestmade.com
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