The California “Dream For All” 20% down payment program for first-time home buyers ran out of money in less than 2 weeks. Qualified homebuyers received 100% financing, with 80% of the loan on a 30-year fixed at roughly 6.25% and absolutely no payment due on the remaining 20% balance. What’s the catch? Lucky home buyers only have to share 20% of the profits with the US government should the home sell for a profit in the future. At this point in time its unknown if funding for the California “Dream For All” program will become available again.

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