Everyone remembers their first time. The anticipation, the excitement, maybe even a little bit of dread. No need to be nervous or scared this time around— the State of California wants to help first-timer homebuyers secure below market rate loans. There's a catch, however: the offer is only valid for those purchasing foreclosed properties in "beleaguered" areas, owned by participating lenders.
· State agency will lend to 1st-time home buyers [SF Gate]