CalHFA’s Dream For All Shared Appreciation Loan

A New Down Payment Assistance Program for First-Time California Homebuyers, the California Housing Finance Agency (CalHFA) is committed to improving equitable access to homeownership for all Californians.

The Dream For All Shared Appreciation Loan provides first-time homebuyers with up to 20% of the home purchase price to be used for down payment and/or closing costs.

Dream For All Features:

· Conventional First Mortgage loan

· Shared Appreciation Loan for down payment or closing costs

· A fixed interest rate

· Shared Appreciation: If your home increases in value, you pay a percentage of the increase to CalHFA when you sell or refinance

Qualification Requirements*

Each borrower must:

· Be a first-time homebuyer

· All borrowers, including co-borrowers must reside in the home

· Be either a citizen or other National of the United States, or a “Qualified Alien” as defined by 8 U.S.C § 1641

· Purchase a property anywhere in California

· Meet credit, income and loan requirements of CalHFA’s first mortgage loan program, the CalHFA-approved lender, CalHFA’s Master Servicer, Lakeview Loan Servicing and the mortgage insurer, as applicable.

· Complete Homebuyer Education

*The MyHome Assistance Program may not be combined with a Dream For All Conventional first mortgage using the Shared Appreciation Loan. The Shared Appreciation Loan must be in second lien position when layering with other programs.

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, RMLA #4130443