California to Front 20% Down Payments with 0% Interest for Homebuyers with Incomes Up to $211,000

California homebuyers making up to $211,000 annually will be able to receive a 20% down payment, and all closing costs, at a 0% interest rate.

While the state has long-offered homebuyer assistance through the state’s Housing Finance Agency (Cal HFA), a new program, the California Dream For All Shared Appreciation Loan program will give the state a proportionate interest in the property they’re helping with, according to KPBS.

“It’s available to low- and moderate-income. So the upper income limit is $211,000,” said Ellen Martin, president of the Cal HFA.