skip to Main Content

CalHFA Dream For All Shared Appreciation Program – Updated January 2024

So you’re looking for a creative down payment assistance program and you’ve heard all about the CalHFA Dream For All Shared Appreciation Loan, but perhaps you missed out on last year’s bull run into this program. Well, here’s your chance for phase two. The program is still amazing. However, there have been quite a few notable changes. Read through this update and we’d love to hear your thoughts.

CalHFA Dream For All By USALending.AI
CalHFA Dream For All By USALending.AI

CalHFA to Administer Next Round of Dream For All Shared Appreciation Loan Funding

The 2023-24 State Budget allocates $220 million for the Dream For All Shared Appreciation Loan Program (DFA). Senate Bill 143 establishes parameters for the next round of DFA funding including targeting first-generation homebuyers, supporting an equitable distribution in different regions of the state, and prioritizing participation of homebuyers in lower tiers of income eligibility. The program will be available for reservations in Spring of 2024 with the following updates. [1]

Phase 2 Program Updates

  1. Applicants must complete a pre-registration application to screen for eligibility through our DFA pre-registration portal
    • Qualified applicants will be randomly selected to receive a voucher once the portal is closed
    • Applicants must upload the CalHFA DFA Lender Pre-Approval letter completed by a CalHFA Approved Lender into the DFA pre-registration portal
    • A CalHFA Approved Lender must provide voucher number at time of loan reservation/lock in the CalHFA MAS System
    • More details about the pre-registration system will follow in early 2024.
  2. At least one applicant must be a California resident
  3. At least one applicant must be a First-Generation Homebuyer, defined for this program as:
    • A homebuyer who has not been on title, held an ownership interest or have been named on a mortgage to a home (on permanent foundation and owned land) in the United States in the last 7 years, and;
    • To the best of the homebuyer’s knowledge whose parents (biological or adoptive) do not have any present ownership interest in a home in the United States or if deceased whose parents did not have any ownership interest at the time of death in a home in the United States, or;
    • An individual who has at any time been placed in foster care or institutional care (type of out of home residential care for large groups of children by non-related caregivers)
  4. Income must be less than or equal to the CalHFA Dream For All income limits
  5. Maximum Shared Appreciation Loan amount is $150,000 or $20% of the sales price or appraised value, whichever is less
  6. Minimum Combined Loan-To-Value (CLTV) is 95.00%
  7. 2-1, 1-1, and 1-0 temporary buydowns are permitted

To see if you qualify, Contact Us Today!

Author Bio: Greg Sandler
Greg Sandler is a distinguished leader and strategist in the mortgage and real estate investment industry. With over two decades of experience, Greg has honed his expertise in guiding his clients to build wealth through real estate.

Greg Sandler has direct and first-hand experience as co-founder and CEO of USA Investment Group Management Inc., focusing on growing real estate holdings and diversified asset portfolios. Under Greg's guidance, the company has executed hundreds of traditional real estate acquisitions and currently manages a substantial portfolio of rental units.

Greg also has a track record of driving multi-million-dollar revenues and leading high-performing teams to success in mortgage loan originations, achieving the prestigious "Top 1% Originator" status in consecutive years. Currently steering the helm as the President at USALending.AI in Keller, TX, Greg has revitalized this division of a mortgage bank, significantly expanding the company's scale.

Prior to this, Greg's role as Senior Vice President at Fairway Independent Mortgage Corp in Rocklin, CA, was marked by his pivotal contribution in establishing the company's presence in northern California and northern Nevada. Under Greg's leadership, his team of nearly 110 dedicated mortgage professionals originated and funded approximately $800 million in residential mortgages annually.

Greg's professional journey is marked by his exceptional skills in negotiation, sales leadership, financial analysis, and P&L management. His ability to strategize, coupled with his in-depth knowledge of the mortgage and real estate sectors, makes him a visionary leader and a respected figure in the industry.

To book a call with Greg Sandler, please visit:

Back To Top