Dream Keeper Downpayment Assistance Loan Program (DK-DALP) came as part of Mayor London Breed’s Dream Keeper Initiative. To learn more, visit www.dreamkeepersf.org
Through the DK-DALP, MOHCD is supplying a further possibility for low to middle-earnings shoppers to compete in San Francisco’s high-fee housing market.
The DK-DALP is a down payment mortgage up to $500,000 to bid on a belongings on San Francisco’s open marketplace. The mortgage need to be used at the downpayment of a residential belongings that turns into a number one residence. The proprietor can re-promote the unit at marketplace prices.
The DK-DALP is a silent 2nd mortgage that calls for no month-to-month payments. When the belongings is bought or transferred, the proprietor will pay MOHCD returned the important quantity of the mortgage, plus an equitable proportion of appreciation.
Contact Anthony Navarro for more info