{"id":13,"date":"2026-09-07T15:00:00","date_gmt":"2026-09-07T15:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/homesbyericanicolai-com\/2026\/09\/07\/proposition-37-17-second-mortgage\/"},"modified":"2026-09-07T15:00:00","modified_gmt":"2026-09-07T15:00:00","slug":"proposition-37-17-second-mortgage","status":"publish","type":"post","link":"https:\/\/www.homesbyericanicolai.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\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/erica-nicolai\/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>California\u2019s Proposition 37 is set to be on the ballot November 3, 2026, and it could be a game-changer for buyers eyeing newly built homes in our state. The proposal would offer a state-backed second mortgage covering up to 17% of the purchase price\u2014paired with at least 3% down from the buyer, this means you could hit the 20% mark needed to avoid costly mortgage insurance, all while the primary loan covers the balance. The state plans to fund this with up to $25 billion in revenue bonds, and homeowners would repay the assistance through their monthly payments.<\/p>\n<p>For many families here in the High Desert and Mountain Communities\u2014and especially for Latino households who often face higher housing costs\u2014the challenge isn\u2019t always the monthly payment, but saving enough for that initial down payment. As someone who works with buyers navigating these hurdles every day, I see firsthand how this kind of support could open doors for many who are ready to own but held back by upfront costs.<\/p>\n<p>If you\u2019ve been following changes in the market or are curious how new programs might affect your homeownership journey, it\u2019s worth keeping an eye on Proposition 37 as voters decide if this solution deserves a broader test.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>California\u2019s Proposition 37 is set to be on the ballot November 3, 2026, and it could be a game-changer for buyers eyeing newly built homes in our state. The proposal would offer a state-backed second mortgage covering up to 17% of the purchase price\u2014paired with at least 3% down from the buyer, this means you [&hellip;]<\/p>\n","protected":false},"author":460,"featured_media":14,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/posts\/13","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/users\/460"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/comments?post=13"}],"version-history":[{"count":0,"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/posts\/13\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/media\/14"}],"wp:attachment":[{"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/media?parent=13"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/categories?post=13"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homesbyericanicolai.com\/blog\/wp-json\/wp\/v2\/tags?post=13"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}