This program beats any FHA or VA home loan program. I’ll take this loan any day!
“California Moves Toward Zero-Down-Payment Mortgages for Illegal Immigrants
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The bill will effectively allow migrants to buy homes without having to save for years to fund a down payment, which is almost always required by financial firms providing mortgages.
The loans from the program don't accrue interest or require monthly payments, and when the main mortgage is refinanced or the house is sold again, the borrower pays back the original amount of the loan plus 20 percent of any increase in value.”