General January 31, 2024

California Dream For All Shared Appreciation Loan

The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs.

Just A little Different

Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home.

Last year, the Dream for All program started with $300 million and it all ran out in just 11 days.

This year, the California Housing Finance Agency made changes aimed at reaching a more diverse group of borrowers across the state. This time, instead of the program launching on a first-come, first-serve basis, there will be a lottery.

First Generation Home Buyer Focus – This year.

“The next round of the California Dream For All shared appreciation loan program will be focused on first-generation homebuyers and use a lottery system to ensure an equitable distribution of loans,” read a statement from the department. “Interested homebuyers can get started working with an approved loan officer or approved lender now in preparation to submit applications in April for the lottery.”  If you need introductions, I can help.