First-gen California homebuyers can soon apply for $150,000 down payment loans

California will focus again on first-generation homebuyers later this month during its roughly $200 million rollout of the down payment assistance program known as Dream for All.

From Feb. 24 to March 16, joint buyers including at least one first-generation homebuyer and one California resident can apply to a lottery system that, if selected, would offer up to $150,000 for a down payment loan. Single applicants also are eligible.

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