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.

*Other restrictions and guidelines apply. Please contact lender for full program details.

Eligibility

Get started today!
First Home Loan New from US Lending

Next Steps

  • 1

    Talk to a CalHFA Approved Lender who is offering the Dream For All program. US Lending Company is approved and any of our amazing loan officers would be happy to help you!

  • 2

    Work with your loan officer to determine what you need to do to secure a California Dream For All (DFA) Lender Pre-Approval Letter. You’ll need this letter in order to register for a DFA voucher in April.

  • 3

    Take the 1-hour California Dream For All education course which covers what shared appreciation is and how it affects your mortgage repayment. This course is delivered online and is free.

Gather Documents

  • California Dream For All (DFA) Lender Pre-Approval Letter

  • Government ID: Passports, driver’s licenses, state-issued ID, military ID, permanent residence cards, visas, or employment authorization documents

  • Proof of current address: Government ID, utility bill, cell phone bill, insurance bill, voter registration or car registration.
  • Foster care documentation (if applicable): Foster Care Verification Form/Letter or court Shared Appreciation.

Shared Appreciation Examples

EXAMPLE 1: BORROWER IS A MODERATE-INCOME HOMEBUYER

EXAMPLE 1: Borrower is a moderate-income homebuyer

  • Dream For All provides a loan for 20% of the home purchase price.
  • The homeowner pays back the original loan amount plus 20% of any appreciation in the value of the home.
EXAMPLE 1: BORROWER IS A MODERATE-INCOME HOMEBUYER

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/

SET UP A FREE CONSULTATION!