California s share of mortgage relief fund nears depletion nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
Gov. Newsom wants to spend $300 million the first year, which could help about 2,300 buyers. But home prices are falling and mortgage rates are rising, complicating the launch.
Gov. Newsom wants to spend $300 million the first year, which could help about 2,300 buyers. But home prices are falling and mortgage rates are rising, complicating the launch.
The complicated program involves the state paying some or all of the upfront costs for buying a home the down payment, for instance in exchange for a share in the home’s value when it is sold, refinanced or transferred.
State may scale down new home loan program aimed at first-time buyers dailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.com Daily Mail and Mail on Sunday newspapers.