California Dream For All Shared Appreciation Loan
California Housing Finance Agency offers California Dream For All Shared Appreciation Loan to first-time buyers in California: up to 20% of the price, at most $150,000, as a deferred loan.
- Amount
- Up to 20% of the price, at most $150,000
- Kind of help
- Deferred loan
- First-time buyers only
- Yes
- Homebuyer course
- Required
Waiting list: this round of money is used up, so new buyers join a waiting list for the next one.
How is California Dream For All Shared Appreciation Loan paid back?
Deferred loan: when you sell the home, give it to someone else or pay off your main home loan, you repay the loan plus a share of any rise in the home's value.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for California Dream For All Shared Appreciation Loan?
- Only for first-generation homebuyers (at least one borrower).
- Must be within CalHFA's income limit for the county where you buy.
- Only for first-time buyers (usually no home owned in the past three years).
- A homebuyer education course before you buy.
- It comes with the Dream For All Conventional first mortgage.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for California Dream For All Shared Appreciation Loan
- California Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on California Housing Finance Agency's page for California Dream For All Shared Appreciation Loan, or pick a lender from the agency's list of participating lenders.
Ask a lender about California Dream For All Shared Appreciation Loan
Tell us where you're buying and a lender that works with California's programs can tell you whether California Dream For All Shared Appreciation Loan fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in California
- CalHFA MyHome Assistance Program: up to 3.5% of the price or value, deferred loan.
- CalHFA Zero Interest Program (ZIP): up to 3% of the home loan, deferred loan.
- CalHFA MyAccess: up to 2.5% of the home loan, deferred loan.
All California first-time home buyer programs · Down payment assistance in every state