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CalHFA launches CA Dream for All home-buying program

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The California Housing Finance Agency (CalHFA) has launched its innovative California Dream For All Shared Appreciation Loan assistance program, which provides a loan for up to 20% of the home purchase price.

The down payment assistance program for first-time homebuyers is to be used in conjunction with the Dream For All Conventional first mortgage program for down payment and/or closing costs. The program is a shared appreciation program where the state of California will potentially get a share of the appreciation when the property is sold.

The program will allow many working Californians to get on the housing ladder and gain the benefits of homeownership.

C.A.R. strongly advocated for this program and to ensure it was property funded.

More information.

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