Home loan assistance program depleted in record time with $300 million in demand.

California's $300 million Dream for All Shared Appreciation Loans program, aimed at helping first-time homebuyers with a 20% down payment, was entirely reserved for applicants currently under contract to buy their first homes in just 11 days. The program's popularity speaks to the tremendous desire for homeownership, but a lack of inventory could make things even more frustrating for homebuyers in this already-competitive local housing market. The state encourages people to explore other homebuyer assistance programs posted on its website and work with a lender well-versed in financing options that'll fit their budget needs.