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How to get 20% Down Payment to buy first home in California?Rates and Inflation
How to get 20% down payment to buy your first home from state of California?
The program starts March 27th. So far, there are few details, but here is what we know for sure:
- it was designed for first time buyers who live in California
- you have to show enough credit and income to qualify for a mortgage. When you decide to sell your property or your finance
- you have to pay back the 20% you got plus additional 20% on the profit of the sale of your property.