{"id":12,"date":"2026-09-07T11:00:00","date_gmt":"2026-09-07T11:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/desertlist-com\/2026\/09\/07\/proposition-37-17-second-mortgage\/"},"modified":"2026-09-07T11:00:00","modified_gmt":"2026-09-07T11:00:00","slug":"proposition-37-17-second-mortgage","status":"publish","type":"post","link":"https:\/\/www.desertlist.com\/blog\/2026\/09\/07\/proposition-37-17-second-mortgage\/","title":{"rendered":"Proposition 37: 17% Second Mortgage"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/arturo-duran\/california-proposition-37-remotion-videos-02ae\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>There\u2019s an innovative proposal on the table\u2014Proposition 37\u2014that could reshape how some Californians approach homeownership. If approved, this measure would introduce a state-backed second mortgage for buyers of select new homes, requiring at least a 3% down payment from the buyer. The program could provide up to 17% of the purchase price to help buyers combine their savings with state assistance, reaching that crucial 20% threshold while the primary mortgage covers the balance. The state may issue up to $25B in revenue bonds, with homeowners\u2019 repayments intended to support investors and program costs. This initiative recognizes a real challenge I often see: many families, especially Latino households, can manage monthly payments but find that saving enough upfront remains a hurdle. On November 3, 2026, California voters will decide if this approach deserves a statewide rollout. As someone who prioritizes honest guidance and clear information, I\u2019ll be watching this closely\u2014and I\u2019m always here to help you make informed decisions in an evolving market.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s an innovative proposal on the table\u2014Proposition 37\u2014that could reshape how some Californians approach homeownership. If approved, this measure would introduce a state-backed second mortgage for buyers of select new homes, requiring at least a 3% down payment from the buyer. The program could provide up to 17% of the purchase price to help buyers [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":40,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/posts\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":0,"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/posts\/12\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/media\/40"}],"wp:attachment":[{"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/media?parent=12"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/categories?post=12"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.desertlist.com\/blog\/wp-json\/wp\/v2\/tags?post=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}