California is considering a bold step: Proposition 37 could unlock $25 billion in bond-backed loans to help residents with up to 17% of a down payment on new homes. For many in San Diego and Riverside County, this would mean a much lower hurdle to homeownership. Imagine needing just $16K saved for an average home in Sacramento County, or $42K in San Francisco—buyers would only need to bring 3% to the table, with a primary mortgage covering the rest. These loans are limited to new constructions from qualifying builders, with the goal of opening the door for renters to become owners and expanding the middle-class housing supply. There’s no formal opposition in the voter guide, but concerns have been raised about borrower challenges and the measure’s requirements for builders. As relationship-first advisors committed to ethical and transparent guidance, we see initiatives like this as an opportunity to help more families right-size into homes that fit their next chapter. Your smart move starts with understanding the landscape—and that’s what we’re here for.
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