Check out the CalHFA Loan Program Handbook for full details.

Highlights:

Down Payment Assistance to 20% of the Home Purchase Price.

At least one borrower must be a first-generation homebuyer, be a current California resident.

Income Limits apply, review the Dream for All Handbook.

Must be U.S. citizens or qualified residents

CLTV must be between 95% to 105%

Available in California only

Homebuyer education required

Owner Occupied Properties

Learn More at the CalHFA Dream for All site.

Steps to Secure Funds:

1. Borrowers need to provide the Pre-Approval Letter by April to CalHFA

2. CalHFA will select pre-approved registrants from a Lottery in April 2024

3. Refer to the CalHFA Dream For All Program Handbook for all program details

CalHFA Dream For All Loan FAQs:

Q. What is the CalHFA Dream For All Loan Program?

A. The Dream For All is a loan program that provides loans for a down payment to qualified first-time homebuyers. Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home. Those repayments are then used to fund future homebuyer down payments.

Q. Does CalHFA allow borrowers to make payments on the Dream For All Loan?

A. Yes, however payments are applied to the principal balance only and do not affect the shared appreciation portion. However paying off the principal balance in full will trigger the repayment of the shared appreciation portion.

Q. What is the maximum loan amount for the Dream For All Loan?

A.  The maximum loan amount is up to $150,000 or 20% of the sales price or appraised value, whichever is less.

Q. What is the minimum CLTV?

A. The CLTV must be between 95.00% and 105.00%

More DOWN PAYMENT ASSISTANCE Programs