2024 CalHFA Dream for All Shared Appreciation Loan
Program Highlights
- Offers up to 20% for down payment or closing costs, not to exceed $150,000
- Homebuyers must register for a voucher. A randomized drawing will select registrants who will receive the voucher. This will not be first come, first served.
NOTICE: The Registration Portal will open April 3, 2024, at 8:00 am PDT and close April 29, 2024, at 5:00 pm PDT. In the meantime, talk with an approved lender to get ready. Once borrowers are pre-approved they will register for a voucher.
*Other restrictions and guidelines apply. Please contact lender for full program details.
Eligibility
- One borrower must be a first-generation homebuyer.
- All borrowers must be first-time homebuyers.
- Income must meet CalHFA Income Limits for the county you are purchasing in.
Shared Appreciation Examples
Example 2: Borrower income less than or equal to 80% AMI using the HomeReady Lookup Tool
- Reduced (0.75:1) program appreciation share.
- Program appreciation share is equal to 0.75 times the Shared Appreciation Loan Amount (i.e., the original principal amount) as a percentage of the home value.
- Dream For All provides a loan for 20% of the home purchase price.
- The homeowner pays back the original loan amount plus 15% of any appreciation in the value of the home.
Video Spotlight
CA Dream For All: What You Can Do Now To Get Ready
03/2024 – This video will help you get ready for the application process of the Dream For All Shared Appreciation Loan Program. (03:13)
*Other restrictions and guidelines apply. Please contact lender for full program details.
For loan examples and more information visit our disclosure page at https://uslendingcompany.com/disclosures/