California
Dream For All (2024)
The California Dream For All Shared Appreciation Loan Program, is aimed at enabling first-generation Californians to own homes. This program, notable for its down payment assistance via a shared appreciation model. Key benefits include:
- Up to 20% Down Payment Assistance: Offers significant financial support for down payments or closing costs, capped at $150,000.
- Shared Appreciation Model: Repayment with the home’s value increase, promoting community investment.
- First-Generation Homebuyer Focus: Specifically targets individuals aiming to be the first in their family to own property, addressing gaps in homeownership access and equity.
- 30-Year Fixed-Rate Term
- Statewide Availability:Open to eligible buyers purchasing owner-occupied homes anywhere in California.
- Comprehensive Broker Support: BluePoint Mortgage provides unparalleled support to mortgage brokers, including training, marketing materials, and dedicated service representatives to assist with any queries or concerns.