California's Dream For All: $150,000 Real Estate Loans for Homebuyers

Home Buying Arielle Dixon April 3, 2024

In California, eligible homebuyers across the state will have the opportunity to register for real estate loans of up to $150,000, courtesy of a new initiative known as the Dream For All Shared Appreciation Loan program. With a substantial allocation of $220 million earmarked for this year, the program aims to make homeownership more accessible by providing financial assistance to first-time buyers.

According to state Senator Toni Atkins, who represents District 39, the Dream For All program embodies an innovative approach designed to support Californians who may face obstacles in achieving the dream of owning their own home. Through the facilitation of the California Housing Finance Agency (CalHFA), the program seeks to bridge the gap for individuals and families who might otherwise struggle to afford the upfront costs associated with purchasing a home.

Under the terms of the program, eligible participants can receive assistance covering up to 20% of their down payment or closing costs, with a maximum cap set at $150,000. To qualify for the program, all borrowers must be first-time homebuyers, and at least one borrower must be a first-generation buyer. Additionally, household income must meet the agency's predefined limits for the county in which the purchase is being made.

One unique aspect of the Dream For All program is its Shared Appreciation Loan feature. In essence, this means that when a recipient of the program sells or transfers the home they purchased with the assistance of the loan, they will be required to repay the loan amount along with a portion of the property's appreciation in value. This mechanism ensures that the benefits of the program can be recycled to assist future generations of homebuyers.

Recipients of the Dream For All program will be selected through a lottery system, with the allocation of vouchers for different regions based on each area's share of state households. Given the anticipated high demand for the loans, it's advisable for interested individuals to register promptly once the registration period opens.

The success of similar initiatives in the past underscores the potential impact of the Dream For All program. In 2023, the initial phase of the program, which had a budget of $300 million, was fully exhausted within just 11 days of its launch. This rapid uptake saw 2,182 new homeowners, with 55% of them identifying as people of color, receiving much-needed assistance to realize their homeownership aspirations.

Against the backdrop of a real estate market where home prices continue to climb, initiatives like the Dream For All program are instrumental in providing vital support to prospective homebuyers. Recent data from the California Association of Realtors indicates that the state's median home price reached $806,490 in February, representing a 2.2% increase from January and a notable 9.7% rise compared to February 2023.

For those eager to take advantage of the Dream For All program, it's essential to mark your calendars. Registration for the program will open at 8 a.m. on April 3rd and will remain open until 5 p.m. on April 29th. Interested individuals can register online through the official CalHFA website and are encouraged to engage with approved lenders for further assistance and guidance throughout the process.

To register, visit and consult an approved lender.


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Arielle understands that buying or selling a home is an important decision that's about so much more than just the price tag, and she is fully committed to helping you achieve your real estate dreams, whatever they may be.