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.
CalHFA's Dream for All Program—a groundbreaking shared appreciation loan helping first-time homebuyers in California access homeownership with reduced upfront costs and long-term affordability.
How it works:
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Homebuyers receive a shared appreciation loan to help them reach a down payment of up to 20% of their home’s purchase price.
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The homeowner pays back the original loan amount plus 20% of any appreciation in the value of the home.
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Borrower requirements:
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Be a first-time homebuyer
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Occupy the property as a primary residence
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Must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
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Meet CalHFA income limits for this program.
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Property Requirements:
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Be a single-family, one-unit residence (Guest houses, granny units, and in-law quarters may be eligible)
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Manufactured housing is permitted
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Condominiums must meet the guidelines of the first mortgage
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Benefits:
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Comparatively lower interest rate than another assistance program
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No Private mortgage insurance (PMI) means lower monthly payments.
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The lower monthly payment due to a lower loan amount
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Increased buying power
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The homeowner doesn’t repay until they sell, refinance, or transfer the property
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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 | info@thechouteam.com
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