California Moves Toward Zero-Down-Payment Mortgages for Illegal Immigrants

[Dr.Know]

AND WHAT HAPPENS WHEN THE ILLEGAL DOES NOT GET AMNESTY WHEN THEY GO BEFORE THE ASYLUM COURT ?????? Do they loose the house ?

 

[Fort Fun Indiana]

Illegals don't deserve them. Deport them.

Or just fool a bunch of racist,, gullible idiots and say we are going to deport them. Works just as well.

 

[Fort Fun Indiana]

“May”

Correct. As they have for 10 years.

"Will increase", for sure.

You aren't poking any holes in anything. It's the reason banks are so willing to accept these types of loans right now.

So admit you learned something or don't.

 

[Fort Fun Indiana]

AND WHAT HAPPENS WHEN THE ILLEGAL DOES NOT GET AMNESTY WHEN THEY GO BEFORE THE ASYLUM COURT ?????? Do they loose the house ?

Nope, not if the loan continues to be paid.

 

[Independent thinker]

Are we getting the message yet kiddos? Disgusting.

ACalifornia bill that would aid undocumented migrants on the path to home ownership has advanced in the state's legislature.

Democrats on the California Senate Appropriations Committee last week unanimously approved AB 1840, a bill that would amend the California Dream for All Shared Appreciation Loan program by preventing it from denying prospective homeowners based on their immigration status.

The program was launched in 2023 and gives first-time homebuyers in the Golden State a loan of up to 20 percent of the home's purchase price to be used as a down payment.

More From Newsweek Vault: How to Get a Mortgage With No Money Down

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...........................................................................................................................

California moves toward zero-down-payment mortgages for migrants

Undocumented migrants could get extra help with buying their first homes if the legislation passes.

www.newsweek.com

But they aren't for open borders. LOL

 

[Fort Fun Indiana]

But they aren't for open borders. LOL

Your orange mangod killed the border bill.

It must be so frustrating to have your wagons hitched to a halfwit slob that undrmines all of your talking points before they even fall out of your mouth.

Very frustrating indeed.

 

[JusticeHammer]

Your orange mangod killed the border bill.

It must be so frustrating to have your wagons hitched to a halfwit slob that undrmines all of your talking points before they even fall out of your mouth.

Very frustrating indeed.

Because it was a bad bill with baggage, never mention that though do you idiots? Go Trump.

 

[Maxdeath]

The good thing is you end up being upside down on your loan. Most families will not be able to afford the payments and still be able to afford normal day today expenses. After about a year families with be so far underwater they will have to let the property go back to the bank which will be in trouble because of all the bad loans

 

[Fort Fun Indiana]

Because it was a bad bill with baggage, never mention that though do you idiots? Go Trump.

Haha, liar. That's not why. You goobers think everyone is as ignorant and gullible as you are.

 

[JusticeHammer]

Haha, liar. That's not why. You goobers think everyone is as ignorant and gullible as you are.

Libtards are ignorant and gullible. I'm not. Libtard

 

[Fort Fun Indiana]

Libtards are ignorant and gullible. I'm not. Libtard

You just demonstrated that you are. Right here in this thread. You told on yourself.

 

[LeftofLeft]

This is reminiscent of the 90s and 2000s when home mortgage criteria were relaxed. What happened? Defaults on mortgages skyrocketed and the taxpayer got left holding the bag.

 

[JusticeHammer]

You just demonstrated that you are. Right here in this thread. You told on yourself.

In your delusional mind.