Here’s the scoop on the

California Dream For All

Downpayment Assistance Program

• California will dole out $220M to qualified first-time homebuyers •

The state will give first-time homebuyers money towards a down payment up to 20% of the purchase price or $150,000, whichever is lower. The loan plus a share of the home’s appreciation will be paid back when the property sells again.

Applicants Must...

1) Have their application in process by or before April. Applicant lottery will begin the first week of April and will run for one month.

2) Be ready to go when the lottery begins. It's important to already start your home search now, get your finances in order and get pre-approved. 

3) Find a state-approved lender & start working on an application

4) Be a California resident (at least one of the applicants)

5) Be a First-Generation Homebuyer (at least one of the applicants)

6) Have an income less than or equal to the CalHFA Dream For All income limits

CalHFA Income Limits Link Here...

7) Occupy the property as a primary residence

8) Borrowers must complete home buyer education

9) Non-occupant co-borrowers and co-signers are not allowed

Loan Guidelines...

1) Conventional First Mortgage loan

2) Shared Appreciation Loan for down payment or closing costs

3) 30-year term with a fixed interest rate

4) Minimum credit score 660/45% DTI, 700/50% DTI

5) SFR, condo, PUD and Manufactured Home

6) 2-1, 1-1, and 1-0 temporary buy downs are permitted

California Dream For All Official Handbook Here...

Required Lender Pre-Approval Letter Here...

Call us for more information 805.402.9788

We can connect you to verified lenders & help get your application started!