California Dream For All

California Dream For All is a shared-appreciation loan for homebuyers in California. The California Dream For All Shared Appreciation Loan provides up to 20% of the home's purchase price (maximum $150,000) for down payment assistance. At repayment, borrowers share a portion of the home's appreciation with CalHFA. At least one borrower must be a first-generation homebuyer. The program is available statewide through CalHFA-approved lenders. Up to 20% of home purchase price (max $150,000) for down payment. 0% interest with no monthly payments. repayment only upon sale, transfer, or payoff of first mortgage. shared appreciation based on income level (0.75:1 ratio for borrowers at or below 80% AMI. 1:1 ratio for borrowers above 80% AMI up to income limit). available statewide through CalHFA-approved lenders. selected via lottery system. Funding comes from State.

California Dream For All offers up to $150,000 in assistance. Award tier “Standard - Shared Appreciation” — up to $150,000. Who qualifies: First-generation homebuyer; CalHFA income limits apply; lottery selection during open enrollment. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

California Dream For All is a shared-appreciation loan and is repaid under the terms set by the administering agency. Repayment is triggered by Sale, Transfer of Title, and Maturity Date. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

California Dream For All is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 660. A homebuyer education course is required, through HUD-approved homebuyer education required; CalHFA-approved counseling agencies. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. At least one borrower must be a first-generation homebuyer (neither borrower nor their parents have ever owned a home, OR parents lost home through foreclosure/short sale). Program is lottery-based when oversubscribed; applications accepted during open enrollment windows only.

California Dream For All limits household income to 120% of the area median income, which varies by county and household size. Income limits vary by county per CalHFA guidelines. Combined household income must not exceed the CalHFA Income Limit for the county of purchase. Limits range from approximately $148,000 in rural counties to over $300,000 in high-cost counties like Santa Clara. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

California Dream For All caps the purchase price as follows: Must not exceed county high balance conforming loan limit. Limits vary by county (e.g., $806,500 in most counties; higher in high-cost counties). Eligible property types include Single Family, Condo, Townhouse, and Manufactured Home. Manufactured homes are eligible.

California Dream For All names first-generation homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

California Dream For All serves homebuyers purchasing anywhere in California.

Applications for California Dream For All go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Lottery. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.