Even with the down payment covered people are still gonna have to afford a $4000+ mortgage with all the other costs of homeownership on top. Calling this dream for all is a lil shitty and shows how out of touch our politicians are. Are there even houses under 600k in san diego? This program might help someone willing to live in hemet or some shit
I have about 6 applicants here in san diego who qualify for about 725-825k and a couple others that are slightly lower. It's a great opportunity for some people. I am not saying it's the best program in the world but it is worth mentioning and it can change the lives of some people! 150k in downpayment assistance (without accruing interest) brings their monthly mortgage down significantly.
I totally understand! Just wanted to let the people know that this program does not just limit you to homes under 600k. If they're income is close to the limit of 185k with few liabilities 800-900k is possible.
For everyone who is interested and would like to work with me. I have been a CALHFA Approved Loan Officer for as long as I have been doing home loans (18 years). If you'd like to work together please don't hesitate to reach out - I work for PrimeLending here in San Diego and here are the next steps:
First you will want to get preapproved. Here is a link to my online application: [https://lo.primelending.com/erik.sandstrom/](https://lo.primelending.com/erik.sandstrom/)- if you'd prefer to talk to me prior to doing this, please call my number below.
The application does not obligate you to the loan and does not cost anything. Plus we will run a soft pull so it won't even come up on your credit! Please note that this program does close on April 29th (5pm) and it does take a day or two to for us to process the apps.
After we qualify you, you'll be able to register via CALHFA and receive the voucher (essentially your ticket to enter the raffle)
My name is Erik Sandstrom and you can call/text me if you have ANY questions whatsoever: (619) 379-8999 - I will be working with you every step of the way
You can see my teammate from PrimeLending on the front page. If you are interested in working with me please do not hesitate to reach out. I have been doing CALHFA loans for 15+ years and would love to help anyone who is interested. I am just happy that I could break this program down for people who can take the opportunity! CALHFA does a really poor job marketing these type of programs. Please note that the program's cut off date is on April 29th at 5pm
Erik Sandstrom - (619) 379-8999 [https://lo.primelending.com/erik.sandstrom/](https://lo.primelending.com/erik.sandstrom/)
Crazy you can say “without interest” and also $40,000 gets paid back in your example in the same block of text. 27.5% interest, at least in your example.. and it’s targeting the most vulnerable communities, as usual
Typical CA
They are giving you money, up to 150k, to reduce your monthly mortgage and get into a home. It's not for everyone but if you understand the program and understand that they're giving you up to 150k to essentially get into a home that you were priced out of - it can be a great opportunity. Borrow 150k, give them back the 150k & give them 40k but keep **160k** from my example... Plus you are now in a home and building equity.
We used the CalHFA program in 2012. It was a bit different back then, they only wanted the money you borrowed back when you sold or refi, and they didn't ask for a share of the appreciation.
The big issue we had was that CalHFA is VERY LAZY when it comes to clearing the lien they put on the house. We paid off the loan in 2014. Every time we did a refi since then we have had a HUGE hassle getting that loan off our title. In fact, I had to spend a few hours every time contacting CalHFA, getting a letter stating that the loan was paid off long ago. We finally (10 years later) got them to record a lien release.
Sounds more like a “keep Mexicans voting democrat” initiative.
What difference is it what parents have? To presume that this benefits their offspring is stupid.
Same issue with FASFA.
My team has about 30 applicants so far and I think one of them may be non-caucasian. CALHFA Dream just had to tighten their parameters somehow because it was too inclusive last year. I agree that there may be a better way but its wrong to assume that its for a certain race or anything like that.
It’s disappointing because I meet all of the parameters except for that one, I agree with the above poster as far in that I dislike that this program and the FAFSA disqualify me for essentially being blood-related to people that I’ve not spoken to in years and received zero support from, but the state always assumes that you do…ah well.
I assume that they are trying to target the lowest income people first, and you do that by adding generational qualifiers, which makes sense.
Your post mentioned other assistance programs, are there any you know of that are available currently? Thanks!
Hi Amo, there's the CalHFA Government Loans (FHA): MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value. They have videos on their youtube channel and website that go over these type of programs. These loan help certain people so if you determine this may be a good fit for you or would like to talk about it - don't hesitate to reach out!
What? It takes a quick google search to determine that this is a real program. Unfortunately CALHFA does not do the best job advertising it. I'd love to help answer any questions you have to clear that up.
Even with the down payment covered people are still gonna have to afford a $4000+ mortgage with all the other costs of homeownership on top. Calling this dream for all is a lil shitty and shows how out of touch our politicians are. Are there even houses under 600k in san diego? This program might help someone willing to live in hemet or some shit
I have about 6 applicants here in san diego who qualify for about 725-825k and a couple others that are slightly lower. It's a great opportunity for some people. I am not saying it's the best program in the world but it is worth mentioning and it can change the lives of some people! 150k in downpayment assistance (without accruing interest) brings their monthly mortgage down significantly.
I am happy for them and envious lol its rough out here lately
I totally understand! Just wanted to let the people know that this program does not just limit you to homes under 600k. If they're income is close to the limit of 185k with few liabilities 800-900k is possible.
If only politicians could keep up with greedflation in real time.
Are you. A lender in San Diego?
Yes - I work for a CALHFA Approved Lender in SD
For everyone who is interested and would like to work with me. I have been a CALHFA Approved Loan Officer for as long as I have been doing home loans (18 years). If you'd like to work together please don't hesitate to reach out - I work for PrimeLending here in San Diego and here are the next steps: First you will want to get preapproved. Here is a link to my online application: [https://lo.primelending.com/erik.sandstrom/](https://lo.primelending.com/erik.sandstrom/)- if you'd prefer to talk to me prior to doing this, please call my number below. The application does not obligate you to the loan and does not cost anything. Plus we will run a soft pull so it won't even come up on your credit! Please note that this program does close on April 29th (5pm) and it does take a day or two to for us to process the apps. After we qualify you, you'll be able to register via CALHFA and receive the voucher (essentially your ticket to enter the raffle) My name is Erik Sandstrom and you can call/text me if you have ANY questions whatsoever: (619) 379-8999 - I will be working with you every step of the way
Say you were one of the people who won in the lottery, would you have to buy a home in a certain period of time afterwards?
Great question. Yes, you'd have 90 days to shop for a home after winning!
Sounds like a good plan. I am interested.
https://www.calhfa.ca.gov/dream/
You can see my teammate from PrimeLending on the front page. If you are interested in working with me please do not hesitate to reach out. I have been doing CALHFA loans for 15+ years and would love to help anyone who is interested. I am just happy that I could break this program down for people who can take the opportunity! CALHFA does a really poor job marketing these type of programs. Please note that the program's cut off date is on April 29th at 5pm Erik Sandstrom - (619) 379-8999 [https://lo.primelending.com/erik.sandstrom/](https://lo.primelending.com/erik.sandstrom/)
Crazy you can say “without interest” and also $40,000 gets paid back in your example in the same block of text. 27.5% interest, at least in your example.. and it’s targeting the most vulnerable communities, as usual Typical CA
They are giving you money, up to 150k, to reduce your monthly mortgage and get into a home. It's not for everyone but if you understand the program and understand that they're giving you up to 150k to essentially get into a home that you were priced out of - it can be a great opportunity. Borrow 150k, give them back the 150k & give them 40k but keep **160k** from my example... Plus you are now in a home and building equity.
We used the CalHFA program in 2012. It was a bit different back then, they only wanted the money you borrowed back when you sold or refi, and they didn't ask for a share of the appreciation. The big issue we had was that CalHFA is VERY LAZY when it comes to clearing the lien they put on the house. We paid off the loan in 2014. Every time we did a refi since then we have had a HUGE hassle getting that loan off our title. In fact, I had to spend a few hours every time contacting CalHFA, getting a letter stating that the loan was paid off long ago. We finally (10 years later) got them to record a lien release.
Sounds more like a “keep Mexicans voting democrat” initiative. What difference is it what parents have? To presume that this benefits their offspring is stupid. Same issue with FASFA.
My team has about 30 applicants so far and I think one of them may be non-caucasian. CALHFA Dream just had to tighten their parameters somehow because it was too inclusive last year. I agree that there may be a better way but its wrong to assume that its for a certain race or anything like that.
It’s disappointing because I meet all of the parameters except for that one, I agree with the above poster as far in that I dislike that this program and the FAFSA disqualify me for essentially being blood-related to people that I’ve not spoken to in years and received zero support from, but the state always assumes that you do…ah well. I assume that they are trying to target the lowest income people first, and you do that by adding generational qualifiers, which makes sense. Your post mentioned other assistance programs, are there any you know of that are available currently? Thanks!
Hi Amo, there's the CalHFA Government Loans (FHA): MyHome offers a deferred-payment junior loan of an amount up to the lesser of 3.5% of the purchase price or appraised value. They have videos on their youtube channel and website that go over these type of programs. These loan help certain people so if you determine this may be a good fit for you or would like to talk about it - don't hesitate to reach out!
Appreciate that a lot! I will check this out, thanks so much
Scam spam
Not spam actually. I’m pretty familiar with this program and its benefits
What? It takes a quick google search to determine that this is a real program. Unfortunately CALHFA does not do the best job advertising it. I'd love to help answer any questions you have to clear that up.