Program Highlights
- Offers up to 20% for down payment or closing costs, not to exceed $150,000
- Homebuyer must register for a voucher. A randomized drawing will select registrants who will receive the voucher. This will not be first come, first served.
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.
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 - 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