ATTENTION ASPIRING HOME BUYERS!!

THE CA DREAM FOR ALL PROGRAM IS RUMORED TO RETURN THIS FALL!!

The historic home loan program drained its $300 million budget in just 11 days after applications opened in April. The program offered 20% Down Payment assistance to many home buyers back in April and made the dream a reality for a lot of families.

If you or anyone you know has been on the fence about buying, I encourage you to reach out to me or your preferred lender to discuss your home ownership goals and see if this program is right for you.

These funds will not last and knowing exactly where you stand, being prepared and getting pre-approved will put you in the best position to take advantage of this historical program. Prepare yourself to pull the trigger once the funds are released! Understand the requirements, income limits and qualifying properties. Details here.

This also means no mortgage insurance for additional savings, and the 20% doesn’t accrue interest!

YOU DOWN WITH OPM (Other People's Money) !?

(nice profit for putting $0 of your own money down)

Transparent Numbers:

Purchase Price: $500,000

20% DP: $100,000

Financed Amount: $400,000

5 years later...

House Sells: $640,000

-20 % Shared Appreciation: $128,000

-First Mortgage Balance: $370,000

Homeowner Equity: $142,000

-Commission/Closing Cost: $44,800

$97,200 Profit if you decide to sell.

Remember, repayment only due if you sell, refinance, or transfer the property.