Court Calif. new-build buyers: Prop 37 funds up to 17% down
Educational
BREAKING — National Mortgage News reports that California voters have approved a measure establishing a $25 billion revenue bond program, designated as Prop 37, which will extend second mortgages to cover down payments reaching as high as 17 percent for purchasers of newly constructed homes. The measure passed by a comfortable margin, signaling broad public support for state-backed assistance in overcoming the primary barrier to homeownership. The bond structure effectively creates a public-private mechanism where government financing supplements private mortgage lending, targeting buyers who can sustain monthly payments but lack accumulated savings for substantial down payments.
For buyers and investors watching this development, the emergence of large-scale down-payment assistance reframes how entry capital can be assembled, particularly in high-cost markets where traditional savings timelines stretch across decades. loantrust.ai operates directly in this space, structuring financing for real estate investors and self-employed borrowers through programs that include DSCR loans qualified on property cash flow, bank-statement programs for non-traditional income documentation, bridge financing, and new-construction funding. Each file is packaged by one licensed MLO rather than routed through a call center, which means the financing strategy is built around the specific capital stack a borrower is assembling, including how a public second mortgage might interact with a first-lien investor loan or a consumer mortgage.
What matters now is that down-payment assistance on this scale changes the math for who can enter the market and how quickly. loantrust.ai functions as a dedicated partner in working through that math, matching the right loan structure to the capital available, whether that capital comes from personal funds, bond programs, or a combination of sources.
Source: National Mortgage News, “Court Calif. new-build buyers: Prop 37 funds up to 17% down”. Read the original →
About loantrust.ai — Whether you're buying your first home, refinancing, or funding your next investment deal, you deserve a straight answer from a real loan officer — not a call center. loantrust.ai is the Atlanta-based mortgage brokerage where one licensed MLO personally packages every loan: conventional, FHA, VA, refinance, DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs. Get a written quote you can compare against any lender — in about two minutes: compare your options
Hans Michel, Mortgage Loan Originator, NMLS #2857209 · LoanTrust is a dba of RentAssure Inc. · Licensed in Georgia · NMLSConsumerAccess.org · Equal Housing Opportunity. Nothing on this site is a commitment to lend — all loans subject to underwriting and approval. DSCR, fix & flip, bridge, new construction, multifamily, and bank-statement programs are business-purpose loans for investment properties only.