{"id":71,"date":"2026-10-08T12:00:00","date_gmt":"2026-10-08T12:00:00","guid":{"rendered":"https:\/\/www.zanarealestate.com\/blog\/?p=71"},"modified":"2026-10-08T12:00:00","modified_gmt":"2026-10-08T12:00:00","slug":"proposition-37-17-second-mortgage-if-you-think-its-expensive-to-hire-a-professional-wait-till-you-hire-an-amateur","status":"publish","type":"post","link":"https:\/\/www.zanarealestate.com\/blog\/2026\/10\/08\/proposition-37-17-second-mortgage-if-you-think-its-expensive-to-hire-a-professional-wait-till-you-hire-an-amateur\/","title":{"rendered":"Proposition 37: 17% Second Mortgage | If You Think It&#8217;s Expensive To Hire A Professional; Wait Till You Hire An Amateur!"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/zana-l-cooper-410790\/california-proposition-37-remotion-videos-02ae\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>The measure would create a state-backed second mortgage for qualifying buyers of certain newly built California homes, with buyers contributing at least 3% upfront.<br \/>\nAssistance could cover up to 17% of the purchase price, combining with the buyer\u2019s funds to reach 20%, while a primary mortgage covers the rest.<br \/>\nThe state could issue up to $25B in revenue bonds, with participating homeowners\u2019 loan payments intended to repay investors and cover program costs.<br \/>\nThe down-payment barrier matters because many California families, especially Latino households facing higher housing-cost pressure, may afford monthly payments yet struggle to save upfront cash.<br \/>\nOn November 3, 2026, California voters will decide whether this loan-based plan for qualifying new homes merits a statewide test at scale.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The measure would create a state-backed second mortgage for qualifying buyers of certain newly built California homes, with buyers contributing at least 3% upfront. Assistance could cover up to 17% of the purchase price, combining with the buyer\u2019s funds to reach 20%, while a primary mortgage covers the rest. The state could issue up to [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":72,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-71","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/posts\/71","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=71"}],"version-history":[{"count":1,"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/posts\/71\/revisions"}],"predecessor-version":[{"id":73,"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/posts\/71\/revisions\/73"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/media\/72"}],"wp:attachment":[{"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=71"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=71"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zanarealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=71"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}