New Program Funds Available soon for 2026
Program Details:
Down Payment Assistance to 20% of the Home Purchase Price.
- Up to 20% down payment assistance (max $150,000)
- All borrowers must be first-time homebuyers
- At least one borrower must be a first-generation homebuyer and a California resident
- Income limits apply
- CLTV: 95%–105%
- All borrowers must occupy the property
- Homebuyer education required
- Available in California only
- Borrowers must be U.S. citizens or qualified residents
Learn More at the CalHFA Dream for All site.
How it Works:
- Complete the Pre-Approval Letter – Broker (LO) completes the required letter and provides it to the borrower for submission during the registration window.
https://forwardlendingmtg.com/wp-content/uploads/2024/01/pre-approval-letter-cadfa-1.pdf - Lottery Selection – After March 16, CalHFA randomly selects registered borrowers.
- Submit Loans – Submit loans for borrowers selected through the lottery.
Learn More at CalHFA Dream for All:
https://www.calhfa.ca.gov/dream/
Click here for additional information from the CalHFA website
CalHFA Dream For All Loan FAQs
Q. What is the CalHFA Dream For All Loan Program?
A. The Dream For All Loan is a loan program that provides loans for a down payment to qualified first-time homebuyers. Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home. Those repayments are then used to fund future homebuyer down payments.
Q. Does CalHFA allow borrowers to make payments on the Dream For All Loan?
A. Yes, however payments are applied to the principal balance only and do not affect the shared appreciation portion. However paying off the principal balance in full will trigger the repayment of the shared appreciation portion.
Q. What is the Maximum loan amount for the Dream For All Loan?
A. The maximum loan amount is up to $150,000 or 20% of the sales price or appraised value, whichever is less.
Q. What is the minimum CLTV?
A. The CLTV must be between 95%.00% and 105.00%