Here are the stipulations. You can’t make over 90k per year. You must attend two 3 hour counseling classes. It is full doc.
There is also a program called the cadat, where the state of california pays three points to lower your rate even further. This is in the form of a silent second that needs to be paid back when you sell it if ever.
What gets me is by my making slightly over 90k I have even less buying power in the housing market than you do.
I’m forced to pay taxes that go to subsidize your buying a house you can’t really afford. Thus creating artificial demand driving up the price so now I can’t afford it either. Then, when you eventually default because life changes require you forclose or sell the house in a short sale, I get to pay even more in taxes and inflation to bail you out again.
