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CalHFA's Dream for All Program

The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for the down payment and/or closing costs.

How it works:

  • Homebuyers receive a shared appreciation loan to help them reach a down payment of up to 20% of their home’s purchase price.

  • The homeowner pays back the original loan amount plus 20% of any appreciation in the value of the home.

Borrower requirements:

  • Be a first-time homebuyer

  • Occupy the property as a primary residence

  • Must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.

  • Meet CalHFA income limits for this program.

Property Requirements:

  • Be a single-family, one-unit residence (Guest houses, granny units, and in-law quarters may be eligible)

  • Manufactured housing is permitted

  • Condominiums must meet the guidelines of the first mortgage


  • Comparatively lower interest rate than another assistance program

  • No Private mortgage insurance (PMI) means lower monthly payments.

  • The lower monthly payment due to a lower loan amount

  • Increased buying power

  • The homeowner doesn’t repay until they sell, refinance, or transfer the property

Looking for financial assistance? Contact us today to find out how we can help you find the right lender for your needs. 626-653-6903 |


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