California Dream For All | Shared Appreciation Loan

UPDATE April 2023: Program has been suspended – fully funded for buyers who have already applied. Explore more down-payment assistance programs from CalHFA.

Buyers who have been waiting to buy a home due to lack of a down payment now have a new program that could be a total game changer. Released by the California Housing Finance Agency, this new loan program allows first-time home buyers to receive up to 20% of a property’s value for downpayment assistance.

To qualify for the program, you must:

  • Be a first-time homebuyer (Can not be on title to a property in the last 3 years).
  • Occupy the property as a primary residence; non-occupant co-borrowers are not allowed (whoever is on the loan must live in the residence).
  • CalHFA borrowers must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
  • Meet CalHFA income limits for this program.

*In the case of conflicting guidelines, the lender must follow the more restrictive.

Property Requirements

  • Be a single-family, one-unit residence, including approved condominium/PUDs
    • Guest houses, granny units and in-law quarters may be eligible
  • Manufactured housing is permitted
  • Condominiums must meet the guidelines of the first mortgage*

*In the case of conflicting guidelines, the lender must follow the more restrictive.

Learn more about this program by visiting the CalHFA website!

Learn more about other CalHFA Loan Programs

https://www.calhfa.ca.gov/dream/index.htm

Ready to get Started?

For our Buyers:

Added Benefits When Working With Us

Contract Knowledge

The Residential Purchase Agreement is 10 pages of terms and conditions that stipulate every aspect of the purchase, and we know exactly how to use them to your complete advantage!

Expert Negotiators

As experienced Full-Service Realtors, we know how to leverage you buying and bargain power. Whether competing to get your offer accepted or negotiating repairs, our goal is to get you a great deal!

Team = Always Available

The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!

On Every Listing:

Need Additional Assistance? We Specialize in that!

Decluttering & Emptying Properties

Need help with decluttering? Whether you need a few boxes and an extra set of hands, have a house full of items that need to go, we have the resources in place ready to assist with your needs!

Schedule Management

Schedule Management is crucial if you have a time frame in mind for the sale of your home. Let us use our experience to ensure every aspect of preparing your home for the market stays on schedule!

Team = Always Available

The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!

Latest Posts