California is hitting the pause button on its home loan program. Demand was so high, the state ran out of money in 11 days. The program had 300-million dollars to help 23-hundred first-time buyers with down payments. They get 20-percent of the home’s cost and when the owner sells, the state gets a portion back to help the next person in line to buy. It’s unclear if or when the program will begin taking applications again.
California Pauses Home Loan Program Over Demand
