{"id":14,"date":"2026-09-16T12:00:00","date_gmt":"2026-09-16T12:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/patphillipsrealtor-com\/2026\/09\/16\/california-prop-37-25b-down-payment-loans\/"},"modified":"2026-09-16T12:00:00","modified_gmt":"2026-09-16T12:00:00","slug":"california-prop-37-25b-down-payment-loans","status":"publish","type":"post","link":"https:\/\/www.patphillipsrealtor.com\/blog\/2026\/09\/16\/california-prop-37-25b-down-payment-loans\/","title":{"rendered":"California: Prop 37 $25B Down Payment Loans"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/patricia-phillips\/proposition-37-loan-remotion-videos-ac61\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>As someone who is passionate about helping clients find their perfect home, I\u2019m always on the lookout for new programs that make homeownership more accessible\u2014especially here in California, where affordability can be a challenge. A recently proposed ballot measure is aiming to do just that with a $25B bond-backed loan initiative. This program would let residents finance up to about 17% of a new home\u2019s down payment, with buyers contributing at least 3% themselves and a primary mortgage covering the remaining 80%. For anyone who\u2019s felt overwhelmed by the upfront cash usually needed, this could be a game changer: for example, purchasing an average home in Sacramento County could require around $16,000 in savings, and about $42,000 for an average home in San Francisco. These loans are available only for new homes from qualifying builders, with the goal of turning more renters into homeowners and expanding middle-class housing options across the state. While no formal opposition is listed in the voters\u2019 guide, there are debates around the program\u2019s mandates and concerns that some borrowers might face challenges. I\u2019m committed to staying ahead of these developments, so I can guide my clients through every opportunity and obstacle on the path to homeownership. It\u2019s all about listening, caring, and ensuring you have every advantage in today\u2019s market.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As someone who is passionate about helping clients find their perfect home, I\u2019m always on the lookout for new programs that make homeownership more accessible\u2014especially here in California, where affordability can be a challenge. A recently proposed ballot measure is aiming to do just that with a $25B bond-backed loan initiative. This program would let [&hellip;]<\/p>\n","protected":false},"author":299,"featured_media":33,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/posts\/14","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/users\/299"}],"replies":[{"embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/comments?post=14"}],"version-history":[{"count":0,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/posts\/14\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/media\/33"}],"wp:attachment":[{"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/media?parent=14"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/categories?post=14"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/tags?post=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}