California Dream for all program

California Dream For All Program Guide for First Time and First Generation Homebuyers

The California Dream For All Program is a down payment assistance program designed to help first time and first generation homebuyers buy a home in California.

This program focuses on the biggest barrier to homeownership, the down payment, by offering shared appreciation assistance to eligible buyers.

What Is the California Dream For All Program

The California Dream For All Program provides up to 20 percent of the home’s purchase price for down payment or closing costs, not to exceed 150,000 dollars.

The assistance is offered through a voucher system. Buyers must register during an open application window and are selected through a randomized drawing. This is not a first come process, and funding is limited.

Who the Program Is For

To qualify for the program, all borrowers must be first time homebuyers. At least one borrower must also be a first generation homebuyer, meaning their parents did not own a home in the United States.

At least one borrower must be a current California resident, and household income must fall within county limits set by CalHFA.

Meeting eligibility requirements does not guarantee selection.

How the Assistance Works

The Dream For All assistance is structured as a shared appreciation loan. There are no monthly payments on the assistance amount.

Repayment happens when the home is sold, refinanced, or no longer used as a primary residence. At that time, the original assistance plus a portion of the home’s appreciation is repaid.

This structure works best for buyers planning to stay in their home long term.

What Buyers Should Consider

This program is not free money. It is a long term shared equity agreement with the State of California.

Buyers should consider how long they plan to live in the home, whether they expect to refinance soon, and how shared appreciation affects long term wealth building. Because vouchers are awarded through a lottery style system, having a backup plan is important.

How to Prepare

Preparation is key. Buyers should understand income limits, work with a participating lender, and be ready to move quickly if selected.

Being prepared before the application window opens makes the process smoother and less stressful.

Final Thoughts

The California Dream For All Program can be a meaningful opportunity for first time and first generation homebuyers who understand both the benefits and the long term commitment.

The goal is not just to buy a home, but to buy with clarity and a plan that supports long term stability.

Stay informed.

Connect with us to see if you qualify for the California Dream For All application and additional homebuyer resources.

If you would like help determining whether this program fits your goals, schedule a consultation to review your options.