California Dream For All Shared Appreciation Loan
$150,000
About the 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 to help cover down payment and/or closing costs.
When the home is sold, transferred, or the first mortgage is paid in full, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home.
If you applied in previous rounds and were placed on a waitlist or received a DFA voucher, you may access the Voucher Portal to view your voucher status, download a copy of your voucher, request a one-time extension, or cancel your voucher.
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.
- One borrower must be current resident of California.
- All borrowers must be first-time homebuyers.
- Income must meet CalHFA Income Limits for the county you are purchasing in.
Next Steps
- Talk to a CalHFA Approved Lender who is offering the Dream For All program.
- 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.
- 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 license, state-issued ID, military ID, permanent residence cards, visas or employment authorization documents
- Foster care documentation (if applicable): Foster Care Verification Form/Letter or court documents
- Sign up for our enews to get updates
Documents Needed
- California Dream For All (DFA) Lender Pre-Approval Letter
- Government ID: Passports, driver’s license, state-issued ID, military ID, permanent residence cards, visas or employment authorization documents
- Foster care documentation (if applicable): Foster Care Verification Form/Letter or court documents
- The DFA Voucher application will require information for both parents of the designated first-generation borrower(s) including:
- Name
- Date of birth
- Date of death (if applicable)
- Current address
- Proof of parent relationship
- Birth Certificate
- Adoption papers
- Sign up for our enews to get updates
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