Meanwhile, in California, the Democratic bastion…
A new California law allows illegal aliens to apply for interest-free home mortgage loans.
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Assembly Bill 1840, put forth by Fresno assemblymember Joaquin Arambula, seeks to grant undocumented immigrants access to a first-time homebuyer loan program.
Legal immigrants will be qualified for a new program that provides a loan equal to 20% of the cost of the residential property if the bill is signed into law. There aren’t any interest charges or monthly payments associated with the loan. Instead, when the borrower sells the property or refinances, the loan is repaid. The original loan amount plus a 20% increase in the property’s value must be repaid by the borrower.
“It’s that ambiguity for undocumented individuals, despite the fact that they’ve qualified under existing criteria, such as having a qualified mortgage,” California Democrat Joaquin Arambula said in an interview. “Underscores the pressing need for us to introduce legislation.”
California was the first state to offer “free” healthcare benefits to undocumented immigrants on January 1, 2024.
How sick are these supposedly leaders. What happens when one toss the key on the floor after skipping years of payments. O the citizens will run in and pay the late fees. What are the loan companies to do to recover their loss.