California Dream For All Shared Appreciation Loan: Your Path to Homeownership

First-Time Homebuyer Russell Nomura and Yoshiko Oest April 12, 2024

At Live South Bay Local, we're dedicated to helping you achieve your dream of homeownership. Recently, we attended the AREAA LA Coasta Homebuyer Fair and Expo, where we had the opportunity to learn about various homeownership programs offered by CalHFA, including the exciting Dream for All Program. This program represents the second phase, signaling a continued commitment to providing valuable support to first-time homebuyers.

Program Highlights

  • Up to 20% Assistance: The Dream For All Shared Appreciation Loan provides assistance of up to 20% for down payment or closing costs, with a maximum limit of $150,000.

  • Randomized Selection: To participate, homebuyers must register for a voucher. Selections for vouchers are made through a randomized drawing, ensuring fairness in the allocation process.

Eligibility Criteria

  • First-Generation Homebuyer: At least one borrower must be a first-generation homebuyer, providing an opportunity for families to establish roots in California.

  • First-Time Homebuyer: All borrowers must be first-time homebuyers, opening doors to new opportunities for aspiring homeowners.

  • Income Limits: Income must meet CalHFA Income Limits for the county in which you are purchasing, ensuring accessibility for a wide range of individuals and families.

Next Steps

Ready to take the next steps towards homeownership with the Dream For All Shared Appreciation Loan? Here's what you need to do:

  1. Consult with a CalHFA Approved Lender: Talk to a lender offering the Dream For All program to explore your options and determine your eligibility.

  2. Secure Pre-Approval: Work with your loan officer to obtain a California Dream For All (DFA) Lender Pre-Approval Letter. This letter is essential for registering for a DFA voucher in April.

  3. Education Course: Complete the 1-hour California Dream For All education course online. This course covers shared appreciation and its impact on your mortgage repayment. Visit to sign up and learn more.

  4. Gather Documents: Collect necessary documents, including the California Dream For All (DFA) Lender Pre-Approval Letter, government ID, proof of address, and any additional documentation required for the voucher application process.

  5. Stay Informed: Sign up for CalHFA's e-news to receive updates and stay informed about the latest developments in the Dream For All program.

Portals Now Open Until April 29, 2024

The registration portals for the Dream For All program are now open and will remain so until April 29, 2024, at 5 pm. Don't miss this opportunity to take a step closer to homeownership!

Exploring Your Options

While the Dream For All Shared Appreciation Loan offers valuable assistance for first-time homebuyers, it's important to recognize that it's not the only option available. There are various other first-time homebuyer assistance programs out there, each with its own set of benefits and eligibility requirements.

At Live South Bay Local, we specialize in helping homebuyers navigate through these programs to find the best fit for their unique needs. Whether it's down payment assistance, grants, or other financial incentives, we can assist you in exploring all available options.

If you're unsure which program is right for you or would like personalized guidance on your homeownership journey, we're here to help. Schedule a complimentary first-time homebuyer consultation with us using our Calendly link: Calendly Link

Let's work together to find the perfect solution to make your dream of homeownership a reality! 🏡✨

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