{"id":86,"date":"2026-10-22T09:00:00","date_gmt":"2026-10-22T09:00:00","guid":{"rendered":"https:\/\/www.patphillipsrealtor.com\/blog\/?p=86"},"modified":"2026-10-22T09:00:00","modified_gmt":"2026-10-22T09:00:00","slug":"california-proposition-37-loans-for-new-homes","status":"publish","type":"post","link":"https:\/\/www.patphillipsrealtor.com\/blog\/2026\/10\/22\/california-proposition-37-loans-for-new-homes\/","title":{"rendered":"California Proposition 37: Loans for New Homes"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/patricia-phillips\/proposition-37-loans-remotion-videos-f066\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>The ballot measure proposed a California down payment loan program of up to $25B, funded by bonds and repaid through loan income, not taxes.<br \/>\nIt said borrowers had to buy a newly built or never-sold home in California, contribute at least 3% down, and could borrow up to 17%.<br \/>\nThe measure did not require first-time buyer status, but income could not exceed 200% of local median, with county-based caps and sales-price limits.<br \/>\nSupport came from labor groups, a Real Estate trade group, and a state political party; opponents said the measure would subsidize costly construction.<br \/>\nOther terms still needed details, including the second mortgage rate; the policy center said it likely would exceed conventional 30-yr mortgage rates near 7%.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The ballot measure proposed a California down payment loan program of up to $25B, funded by bonds and repaid through loan income, not taxes. It said borrowers had to buy a newly built or never-sold home in California, contribute at least 3% down, and could borrow up to 17%. The measure did not require first-time [&hellip;]<\/p>\n","protected":false},"author":299,"featured_media":87,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-86","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\/86","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=86"}],"version-history":[{"count":1,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/posts\/86\/revisions"}],"predecessor-version":[{"id":88,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/posts\/86\/revisions\/88"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/media\/87"}],"wp:attachment":[{"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/media?parent=86"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/categories?post=86"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.patphillipsrealtor.com\/blog\/wp-json\/wp\/v2\/tags?post=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}