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CalHFA Dream for All Shared Appreciation Loan

Get pre-approved now!

CalHFA has just announced the second round of their "Dream For All" shared appreciation loan.  The loan provides a silent second loan, which is 20% of the purchase price, to be used towards the down payment and/or closing costs for qualified buyers that are chosen through their lottery system.  You can start the pre-qualification process for this program NOW.

Get Pre-Approved for the Dream Program

Best way to reach you
No Payment required on the 20% down second loan
Lower monthly payment thanks to the 20% down payment
Flexible credit requirements
Qualify for more thanks to the 20% down payment

Want to learn how the program works?  CalHFA offers a free online education course.  This course is required if you are chosen to participate in the program, but you can take it now to have a better understanding of how it works-->   Calhfa (calhfadreamforall.com)

Eligibility

Certain Eligibility Restrictions Apply

  • All borrowers must be first-time homebuyers defined as a person that has not owned a primary residence in the past three years.
  • The combined income for all borrowers must be under the CalHFA income limits for the program.
  • All buyers must occupy the property as their primary residence
  • At least one buyer must be a "First-Generation" buyer defined as a person who has not owned a home in at least 7 years and whose parents do not currently own a home, or, if deceased, did not own a home at the time of their passing OR the buyer grew up in foster care
  • At least one buyer must be a California resident.
  • Minimum FICO score is 660 to 680, depending on income.
  • Must complete a homebuyer education course designated by CalHFA (online).
  • Must complete the specific CalHFA Dream for All education course (online).
  • One unit properties only.
  • Available in California only.

**This is a shared equity loan.  CalHFA will provide a 20% silent loan at closing.  The original 20% loan, plus 20% of the equity gained will be required to be paid back when the property is sold, the first mortgage is refinanced, or after 30 years, whichever comes first.  Please call for details.

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