{"id":12,"date":"2026-09-07T16:00:00","date_gmt":"2026-09-07T16:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/joannalopez-com\/2026\/09\/07\/proposition-37-17-second-mortgage\/"},"modified":"2026-09-07T16:00:00","modified_gmt":"2026-09-07T16:00:00","slug":"proposition-37-17-second-mortgage","status":"publish","type":"post","link":"https:\/\/www.joannalopez.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\/joanna-lopez\/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>California is considering Proposition 37, which could reshape how many families achieve homeownership\u2014especially for those who find down payments to be the biggest hurdle. This proposed measure would offer a state-backed second mortgage for buyers of certain newly built homes, requiring just 3% down from buyers and providing up to 17% of the purchase price as support. Together, this helps buyers reach the important 20% threshold, making monthly payments more manageable and potentially allowing more families to step into homeownership sooner. Up to $25 billion in revenue bonds could fund this initiative, with loan payments from homeowners repaying investors and supporting the program. For many, particularly Latino families who may face higher housing-cost pressures, this kind of support could be game-changing. As someone who has guided hundreds of Bay Area clients\u2014whether downsizing, relocating, or buying for the first time\u2014I know how critical it is to break through savings barriers. On November 3, 2026, voters will decide if this innovative approach deserves a statewide launch. I\u2019ll be keeping a close eye on this, as it could open new doors for many in our community.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>California is considering Proposition 37, which could reshape how many families achieve homeownership\u2014especially for those who find down payments to be the biggest hurdle. This proposed measure would offer a state-backed second mortgage for buyers of certain newly built homes, requiring just 3% down from buyers and providing up to 17% of the purchase price [&hellip;]<\/p>\n","protected":false},"author":188,"featured_media":41,"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-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/posts\/12","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/users\/188"}],"replies":[{"embeddable":true,"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/comments?post=12"}],"version-history":[{"count":0,"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/posts\/12\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/media\/41"}],"wp:attachment":[{"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/media?parent=12"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/categories?post=12"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.joannalopez.com\/blog\/wp-json\/wp\/v2\/tags?post=12"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}