CalHFA Dream For All Shared Appreciation Loan
CalHFA Dream For All Shared Appreciation Loan is a shared appreciation loan from California Housing Finance Agency. Available statewide in California. Up to $150,000 or Up to 20% toward a home purchase. For first-time buyers. Income limit: 120% AMI.
Up to $150,000 or Up to 20%
Closed. invite only, vouchers issued by lottery. the last round ran February 24, 2026 to March 16, 2026. status confirmed April 10, 2026.
Available statewide in California.
| First-time buyer | Required |
|---|---|
| Income limit | 120% AMI |
| Minimum credit score | 680 |
| Maximum DTI | 45% |
| Homebuyer education | Required (8-hour course + CalHFA Shared Appreciation counseling) |
| Property types | SFR, condo, PUD, manufactured |
| Occupancy | Owner-occupied primary |
| Eligible loan products | Conventional |
| Sales price cap | 1000000 |
| Repayment | 0% int.; 30-yr; shared appreciation; due on sale/refinance/transfer/term_end |
| Interest rate | 0% |
| Shared appreciation | Yes |
| Stacking | Stacks: calhfa-mcc; Cannot stack: calhfa-myhome, calhfa-zip |
| Notes | First-generation homebuyers only. All borrowers must be FTHB. Highest per-borrower assistance in CA. Watch for next round announcement. |
Provider: California Housing Finance Agency · program details at the provider’s site.
See if CalHFA Dream For All Shared Appreciation Loan fits your purchase
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