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Down Payment Assistance Program

Dream For All Program

The CalHFA Dream For All Shared Appreciation Loan is a down payment assistance program for qualified First
Time Homebuyers that offers up to 20% (maximum $150,000) for down payment and/or closings costs. 

Reservations for Phase 2 Now Open
and will accept applications until
April 29, 2024 5pm PDT

In order to create a more equitable process, CalHFA has introduced a lottery process where eligible pre-approved Homebuyers must register for a voucher. A randomized drawing will select registrants who will receive a voucher, at which point Buyers will have 90 days to close on their new home. This will not be first come, first served.

Getting Started

1. Check Program Eligibility Requirements

  • One Borrower must be a California resident AND a First Generation Homebuyer.
  • All Borrowers must be First-Time Homebuyers.
  • Combined income must be at or below the DFA Program Income Requirements for the county you are purchasing in.
  • Combined Loan-To-Value (CLTV) must be between:  95% – 105%. For example: 1st mortgage plus Down Payment Assistance amount must be between 95% of the purchase price, or 105% of the purchase price.

2. Get Pre-Approved and Register for Voucher Drawing in April

  • Get Pre-Approved with us to receive your California Dream For All (DFA) Lender Pre-Approval Letter.
  • You will need this Pre-Approval Letter in order to register for a DFA voucher on April 3, 2024 through the CalHFA website.

3. Complete Homebuyer Education Requirements

  • Two Homebuyer Education Courses followed by a Counseling Session must be completed.
  • A required Certificate of Completion will be provided after course completion and Counseling Session.

4. If Voucher is Awarded, Close Within 90 Days

  • Recipients of the Award Voucher will be announced in late April. 
  • For those recipients of the Dream For All voucher, they will have 90 days to close on their home purchase.

Additional Info & Resources