California offers down 3.5% payment program for first-time homebuyers

California offers down 3.5% payment program for first-time homebuyers

A down-payment program is offering a whopper of an opportunity for first-time homebuyers in California. My Home Down Payment Assistance from the California Housing Finance Agency features a “deferred-payment” loan for down payment and closing costs, covering much of a buyer’s out-of-pocket funds. The down payment assistance or DPA can be as much as 3.5%…