California Dream For All Shared Appreciation Loan

Dated: April 4 2023

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The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs.

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.

Review the guidelines below for both Borrower and Property Requirements to determine if you may be eligible to apply for the Dream For All Shared Appreciation Loan Program.

Borrower Requirements

• Be a first-time homebuyer.

• Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.

• CalHFA borrowers must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.

• Meet CalHFA income limits for this program.

Property Requirements

• Be a single-family, one-unit residence, including approved condominium/PUDs

• Guest houses, granny units and in-law quarters may be eligible

• Manufactured housing is permitted

• Condominiums must meet the guidelines of the first mortgage

What is the interest rate?

Interest rates will vary depending on your financial circumstances, lender fees, and other factors. Interest rates can also change daily. We recommend that you check with a CalHFA-approved loan officer to receive an accurate rate quote for this program. CalHFA does not lend money directly to consumers. CalHFA works through and uses approved lenders to qualify consumers and to make all mortgage loans. The fees you pay could be different depending on the lender and the program.

Homebuyer Education Requirement

CalHFA firmly believes that homebuyer education and counseling is critical to the success and happiness of a homeowner, and requires homebuyer education and counseling for first-time homebuyers using a CalHFA program.

Who has to take this Homebuyer Education and Counseling course?

Only one occupying first-time borrower on each loan transaction.

How do I take this education and counseling course?

• ONLINE: eHome’s eight-hour Homebuyer Education and Counseling course is the only online course accepted by CalHFA. (fee: $99) Other online courses like Frameworks and HomeView are not acceptable because they do not provide a one-hour, 1-on-1 counseling follow-up session.

• IN-PERSON or VIRTUAL: Live Homebuyer Education and Counseling in-person or virtually though NeighborWorks America or any HUD-Approved Housing Counseling Agency • (fee: varies by agency) How do I take the additional California Dream For All education? ONLINE: This education is free and online only. Visit to get signed up and take the course.

How do I apply for this loan program?

Contact Chris Merrill 559.593.8207

What documents should I have ready when contacting a loan officer? When initially contacting a loan officer, you may want to have this list of documents and information available to help answer questions that they will ask you:

• Pay stubs

• Bank statements

• Employment history

• Previous tax returns

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Katelyn Montez

As a real estate agent, I use my knowledge of the local area and programs available to help people find the home that fits their needs perfectly. Whether you're a first time home buyer trying to get t....

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