Loading ...Awww Subprime Housing is BACK …. California To Front 20% Down Payments With 0% Interest For Homebuyers With Incomes Up To $211,000
California homebuyers making up to $211,000 annually will be able to receive a 20% down payment, and all closing costs, at a 0% interest rate.
While the state has long-offered homebuyer assistance through the state’s Housing Finance Agency (Cal HFA), a new program, the California Dream For All Shared Appreciation Loan program will give the state a proportionate interest in the property they’re helping with, according to KPBS.
sO THE PRICE OF A HOME JUST GOES UP 20% i WOULD IMAGINE…
Or in the current environment, especially in CA, it only goes down 20% instead of the 40% it would have.
another really bad idea from our “leaders”