04/05/2023
I am so excited to share this story about my lovely clients making use of the CalHFA Dream for All Shared Equity Down Payment Assistance Program. It really is a dream!
The new Dream for All program rolled out on Monday the 27th. We submitted our offer on Tuesday. 🪄
We had been looking for the impossible: a 3 bedroom, 2 bath home in Oakland for under 700k. My clients were having a difficult time competing in this market with only 3% down. The CalHFA program increased their buying power by $200,000 and allowed them to make offers with 20% down which made them much more appealing to . 💰
Let me just restate the above because its HUGE- my clients needed their monthly payment to stay under a certain amount. The amount of their monthly payment at 900k (after borrowing CalHFA funds to put 20% down) was THE SAME as it was when their budget was 700k and they were putting 3% down. 🤯
This opened up a whole new range of homes to consider that were previously out of reach. My clients quickly decided on a sweet Tudor Revival in Maxwell Park with a gorgeous picture window, all the vintage charm and super high ceilings. 🏰
This CalHFA program really is a DREAM and the funds are going quickly. If you or anyone you know would like more information- reach out! I love educating people about the homebuying process and the current resources that are available to first time buyers. I can also link you up with some badass local lenders that know all the ins and outs of this program. ⚡️
5 Likes, 2 Comments - Lindsay Ferlin (.ferlin.homes) on Instagram: "Offer Accepted!! The new Dream for All program rolled out on Monday the 27th. We submitt..."