What is the California Dream For All program?
Introducing an exciting new program to assist home buyers in California with down payments on their first homes. The California Dream For All program provides up to 20% towards the purchase price of your first home, in the form of a loan that you repay when you later sell the home. Once paid back, the funds would then be re-invested into the program to help future first-time home owners break into the housing market in California.
How It Works
- ✅ Must be a first-time home buyer or not have owned a home for the past three years.
- ✅ Up to 20% down payment assistance from CalHFA.
- ✅ Must be a single family home or qualified condo in California.
- ✅ Must be your primary residence.
- ✅ Home buyer education classes are required.
- ✅ Must meet CalFHA county specific income limits.
- ✅ Other restrictions apply, not all will qualify.
- ✅ ACT FAST: The funding will likely run out within a few months!
Shared appreciation financing can be somewhat complex. Please call for more information (415) 846-9211 or schedule an appointment.
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California Dream For All FAQs
How is the California Dream for All different from other loans?
What sets the California Dream program apart from other types of loans is that you don’t pay any interest on the loan until you sell or refinance your home. And then, rather than an actual interest payment, you’d pay a share of the appreciation on your home.
Who's funding the loans?
This California Dream For All program has been included as part of the state’s $300 billion legislative budget agreement. It’ll be funded by issuing revenue bonds of $1 billion dollars a year for ten years, and is expected to help about 7,700 borrowers annually.
How much interest do I pay on the loan?
Throughout the lifetime of your homeownership, you will not pay any interest on the loan. Only when you refinance or sell your home, would the state be reimbursed for its share of the home’s value. Those funds would then be re-invested into the program to help future home buyers.
Are there income requirements?
Whether or not you’d qualify for the California Dream for All program depends on the purchase price of the home and your income levels.
For example, in Alameda and Contra Costa Counties, the income limit is $282k. In Solano County, the income limit is $215k. Below is a list of income limits for all counties in California.
| Alameda| $282,000 | Orange | $235,000 |
| Alpine | $188,000 | Placer | $202,000 |
| Amador | $171,000 | Plumas | $163,000 |
| Butte | $168,000 | Riverside | $173,000 |
| Calaveras | $178,000 | Sacramento | $202,000 |
| Colusa | $159,000 | San Benito | $208,000 |
| Contra Costa | $282,000 | San Bernardino | $173,000 |
| Del Norte | $159,000 | San Diego | $211,000 |
| El Dorado | $202,000 | San Francisco | $300,000 |
| Fresno | $159,000 | San Joaquin | $168,000 |
| Glenn | $159,000 | San Luis Obispo | $216,000 |
| Humboldt | $159,000 | San Mateo | $300,000 |
| Imperial | $159,000 | Santa Barbara | $198,000 |
| Inyo | $163,000 | Santa Clara | $300,000 |
| Kern | $159,000 | Santa Cruz | $236,000 |
| KINGS $159,000 | Shasta | $177,000 |
| Lake | $159,000 | Sierra | $178,000 |
| Lassen | $159,000 | Siskiyou | $159,000 |
| Los Angeles | $180,000 | SOLANO $215,000 |
| Madera | $159,000 | Sonoma | $223,000 |
| Marin | $300,000 | Stanislaus | $159,000 |
| Mariposa | $159,000 | Sutter | $159,000 |
| Mendocino | $159,000 | Tehama | $159,000 |
| Merced | $159,000 | Trinity | $159,000 |
| Modoc | $159,000 | Tulare | $159,000 |
| Mono | $161,000 | Tuolumne | $166,000 |
| Monterey | $178,000 | Ventura | $228,000 |
| Napa | $236,000 | Yolo | $211,000 |
| Nevada | $194,000 | Yuba | $159,000 |
What are the education requirements?
Borrowers must complete two levels of homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
How do I get started with the California Dream For All program?
Contact Chris Mason today for a free 15 minute consultation or begin the application process online to get started.
Areas We Service
Our local offices serve the greater East Bay Area including:
East Bay ◦ Berkeley ◦ Oakland ◦ San Leandro ◦ Richmond ◦ Albany ◦ Alameda ◦ Pinole ◦ Martinez ◦ Contra Costa County ◦ San Lorenzo ◦ Hayward ◦ Fremont ◦ Walnut Creek ◦ Concord ◦ Union City ◦ Sacramento ◦ Elk Grove ◦ Vallejo
Our remote services allow us to serve clients anywhere in California including the Los Angeles and San Diego Metropolitan Areas.
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