California Dream For All Home Loan Program

The Dream For All home loan and assistance program is another example of how the state of California is helping homebuyers gain access to affordable financing, increase homeownership,

and creating generational wealth.

Frequently Asked Questions (FAQ’s) That Homebuyers who are considering this program are asking…

Do I have to make payments on the 20% silent second received from the State for the Dream For All Home Loan?

– No, the payments are deferred for the life of the loan (30 years) and the interest rate is 0%.

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Frequently Asked Questions (FAQ’s)

Do I have to make payments on the 20% silent second received from the State for the Dream For All Home Loan?

– No, the payments are deferred for the life of the loan (30 years) and the interest rate is 0%.

Can I combine other assistance programs with the Dream For All Shared Appreciation Loan program?

– No, no other programs can be combined with this program

May I use the Dream For All Shared Appreciation Assistance loan for both down payment and closing costs?

– Yes you may

What happens if my home does not appreciate or the actual value does not increase or actually goes down in value?

– If the home value goes down or does not appreciate by the time you sell, then nothing happens because there is no appreciation to split or share. However, the 20% silent second appreciation loan will be due and payable.

Can I move out and convert the home to an investment or rental property?

– Yes, After living there for a minimum of 1 year.

Get the Facts & Know Your Options

Do you have questions like this?

Are there other homebuyer assistance options I should consider?
Which Home Loan assistance program is the best?
How do I qualify for the program that will provide me with the lowest Interest rate and/or lowest home payment?
Which assistance program will help me qualify for more?

Let us help you figure all this out AND get you preapproved for the homebuyer assistance program that you think is best for you and your family.

How to Apply for the Dream For All Assistance Program

If you would like to get preapproved to learn about which home loan or homebuyer assistance program will benefit you the most, fill out this Down Payment Assistance Prequal Form.

Dream For All Eligibility & Qualifying Criteria:

First time homebuyer – That is, you have not owned a home in the last 3 years)
Required Minimum Credit Score & DTI ratio:
45% DTI with 680 – 699 FICO score
50% DTI with 700+ FICO score
45% DTI with 660 up FICO score (income below 80% AMI)
Property Type: SFR / Condo / Manufactured
Min/Max CLTV: 70%/105%
Non-occupied co-signers are not allowed.
County Income Limit Apply
CalHFA homebuyer education course required.
One year home warranty required.
Must be used with CalHFA Dream For All Conventional 1st loan
Cannot be combined with other CalHFA programs such as the CalPLUS ZIP or MyHome Assistance program