CalHFA Dream For All Shared Appreciation Loan

About This Program

CalHFA's Dream For All Shared Appreciation Loan provides up to 20% of the home purchase price (maximum $150,000) for first-time homebuyers as a deferred loan. In return, when you sell or refinance, you repay the original loan plus a share of the home's appreciation equal to the percentage originally borrowed. Demand far exceeds supply — funds are distributed by lottery. Income limits apply.

First-time homebuyer; must use CalHFA first mortgage; income limits apply; must repay loan plus percentage of appreciation when selling/refinancing; lottery-based — register during open voucher period

Key Details

• Up to 20% of purchase price (max $150,000) — deferred, no monthly payments
• Repay loan plus share of appreciation when you sell or refinance
• First-time homebuyer; CalHFA first mortgage required
• Distributed by lottery — extremely competitive; register at calhfa.ca.gov
• Income limits apply — check San Diego AMI limits before applying

How to Apply

Deadline: Lottery-based rounds — check CalHFA for next opening