CA DREAM for ALL: Available now for qualified First Time Buyers.

Let's get you APPOVED and ready to register.

This video will help you get ready for the application process of the Dream For All Shared Appreciation Loan Program.

Eligibility

 

Next Steps

  1. Talk to a CalHFA Approved Lender who is offering the Dream For All program.
  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. Visit calhfadreamforall.com to get signed up and learn about shared appreciation now.
  4. 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
    • 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 documents
  5. Sign up for our enews to get updates

Shared Appreciation

Shared Appreciation is a little more complex than a typical mortgage loan, so we've put together a few examples for you.

Shared Appreciation Examples

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