California · Shared appreciation

California Dream For All

$150,000

Up to 20% of purchase price (max $150K). Shared appreciation model. Lottery-based.

CalHFA's Dream For All provides up to 20% of the purchase price (capped at $150,000) as a shared appreciation loan for first-generation homebuyers. When you sell, you repay the original amount plus a share of the home's appreciation. In California's high-value markets, this shared-equity approach provides massive upfront assistance while letting the state participate in future gains.

Amount$150,000
TypeShared appreciation
Available inCalifornia
First-time buyer requiredYes
Minimum credit score680
Multi-unit eligibleSingle-family only
Funding status2026 application closed March 16. Watch for next round.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down
Federal · Subsidized loan
VA Loan $0 down + no monthly mortgage insurance
Federal · Federal benefit
NACA Program $0 down + $0 closing + $0 PMI + below-market rate
National · Nonprofit program
CalHFA MyHome 3.5% of purchase price as silent second
California · Deferred 0% loan
GSFA Platinum 5.5% of loan amount — no first-time buyer requirement
California · DPA program
CalHFA Mortgage Credit Certificate ~$1,600/year tax credit on $400K mortgage
California · Annual tax credit
All California programs →

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