In this episode of Monopoly Life, the hosts discuss the Dream for All Shared Appreciation loan program and its second go-around.  They reflect on the challenges of the program's first year, where funds were quickly exhausted in just a few days. The discussion highlights the changes made to ensure that the funds are allocated to those who truly need them for homeownership. They delve into eligibility criteria, including being a first-time homebuyer, a first-generation homebuyer, and a resident of California. The hosts emphasize the importance of completing the required homebuyer education courses and obtaining a pre-qualification letter. They also explain how the shared appreciation loan program works, detailing how it can benefit potential homebuyers. 

The podcast hosts provide insights into the updated application process, which now includes a lottery system and region-based selection to ensure fair distribution of funds. They stress the significance of adhering to income limits based on the county of purchase. The episode ends with a call to action for listeners to take action promptly and make their dream of homeownership a reality. Don't miss this valuable information on the Dream for All Shared Appreciation program!

Homebuyer Education Link
https://www.calhfadreamforall.com/

CALHFA Dreame for all Shared Program Handbook
https://www.calhfa.ca.gov/homeownership/programs/

Hosted by:

Sergio Hernandez
DRE#01190068 | NMLS# 108378
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Omar A. Martinez
DRE# 01290170 | NMLS#108525
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All information is for informational purposes.