NOW OPEN: California Dream For All Shared Appreciation Loan
- Feb 25
- 1 min read
Be your client’s hero! Tell your first-generation homebuyers in traditionally underserved communities to contact a CalHFA Approved Lender today to learn how the California Dream For All Shared Appreciation Loan could help make all their dreams come true.
The program will begin accepting applications on February 24 and will close on March 16. Applicants must have a Pre-Approval letter from an Approved Lender to submit an application.
The program offers up to 20% for a down payment or closing costs, not to exceed $150,000. Qualified registrants will be selected by a randomized drawing to receive a voucher.
To learn more, visit on.car.org/3YM6hTZ or CalHFA www.calhfa.ca.gov/dream/
This was a very informative explanation of the California Dream For All Shared Appreciation Loan and how it aims to help first-generation homebuyers overcome the challenge of saving for a down payment. Programs like this are important because they can provide up to 20% of the home’s purchase price, sometimes as much as $150,000, to cover down payment or closing costs, with repayment occurring later when the home is sold or refinanced along with a share of the home’s appreciation. Reading about housing policies and financial programs like this can also be a great way for students to stay engaged when thinking about what to do when bored in class, especially when exploring structured explanations of complex topics through resources…