Want to see alternative down payment options?
Enter your information below and we will reach out to you shortly.
Get a step-by-step guide on how to navigate this program with our FREE eBook!
Get a step-by-step guide on how to navigate this program with our
FREE eBook!
What is Dream for All?
The California Dream for All program makes homeownership
MORE AFFORDABLE by helping first-time homebuyers with
downpayment and closing costs!
Now... how much assistance are we talking about?
Homebuyers receive a shared appreciation loan to help them reach a down payment of at least 20% of their home’s purchase price!
With the California Dream For All program, you can have an immediate increase in your price range by $100,000 on average!
"Keep your down payment as a "rainy day fund"
What is Dream for All?
The California Dream for All program makes homeownership
MORE AFFORDABLE by helping first-time homebuyers with
downpayment and closing costs!
Now... how much assistance are we talking about?
Homebuyers receive a shared appreciation loan to help them reach a down payment of at least 20% of their home’s purchase price!
With the California Dream For All program, you can have an immediate increase in your price range by $100,000 on average!
"Keep your down payment as a "rainy day fund"
Frequently Asked Questions
Can this program be used for down payment and closing costs?
A: Yes, Shared Appreciation Loans can be used for down payments and closing costs, including permanent interest rate buydowns.
What is the maximum loan amount?
A: The maximum loan amount is up to $150,000 or 20% of the sales price or appraised value, whichever is less.
Do all borrowers have to be first-generation homebuyers?
A: No, only one borrower has to meet the definition of a first-generation homebuyer.
Do all borrowers have to be a current California resident?
A: No, only one borrower has to be a current California resident.
What are the income limits?
A: Income cannot exceed CalHFA Dream for All Income limits.
Frequently Asked Questions
Can this program be used for down payment and closing costs?
A: Yes, Shared Appreciation Loans can be used for down payments and closing costs, including permanent interest rate buydowns.
What is the maximum loan amount?
A: The maximum loan amount is up to $150,000 or 20% of the sales price or appraised value, whichever is less.
Do all borrowers have to be first-generation homebuyers?
A: No, only one borrower has to meet the definition of a first-generation homebuyer.
Do all borrowers have to be a current California resident?
A: No, only one borrower has to be a current California resident.
What are the income limits?
A: Income cannot exceed CalHFA Dream for All Income limits.
ATTENTION HOMEBUYERS: 2024 Dream for All Winners Have Now Been Announced!
A down payment assistance program for first-time homebuyers in California💸
A down payment assistance program for first-time homebuyers in California💸
Dream for All results
are out! 🎉
**Make sure to visit your CalHFA portal to check if you've been given a voucher **
See below to learn what you need to know and do based on your status:
✅
Voucher Winners
Congratulations! You've Been Selected for the Dream for All Program!
CalHFA has announced the
Dream for All results! 🎉
See below to learn what you need to know and do based on your status:
**Make sure to visit your CalHFA portal to check if you've been given a voucher **
✅ For Voucher Winners
Congratulations! You've Been Selected for the Dream for All Program!
Click the button to learn the next steps, required documentation, and how to maximize your benefits.
Then we will schedule a 1-on-1 appointment for personalized guidance.
✅ For Waitlisted Applicants
You're on the Waitlist!
You are going to have to decide if you want to wait and hope enough winners back out, or should you start shopping now using alternative loan options?
Click the button below to understand your status and how to stay prepared and then schedule a 1-on-1 appointment to discuss your unique situation.
✅
Waitlisted Applicants
You're on the Waitlist!
You are going to have to decide if you want to wait and hope enough winners back out, or should you start shopping now using alternative loan options?
Click the button below to understand your status and how to stay prepared and then schedule a 1-on-1 appointment to discuss your unique situation.
✅ For Those Not Selected
Don't get discouraged! We have other down payment options available for you.
Click the button below to learn about alternative programs and financing options and then schedule a 1-on-1 appointment for personalized assistance in finding the best program for you.
✅
Those Not Selected
Don't get discouraged! We have other down payment options available for you.
Click the button below to learn about alternative programs and financing options and then schedule a 1-on-1 appointment for personalized assistance in finding the best program for you.
Dream for All results
are out! 🎉
**Make sure to visit your CalHFA portal to check if you've been given a voucher **
See below to learn what you need to know and do based on your status:
✅
Voucher Winners
Congratulations! You've Been Selected for the Dream for All Program!
Click the button below to learn the next steps, required documentation, and how to maximize your benefits.
Then we will schedule a 1-on-1 appointment for personalized guidance.
CalHFA has announced the
Dream for All results! 🎉
See below to learn what you need to know and do based on your status:
**Make sure to visit your CalHFA portal to check if you've been given a voucher **
✅ For Voucher Winners
Congratulations! You've Been Selected for the Dream for All Program!
✅ For Waitlisted Applicants
You're on the Waitlist!
You are going to have to decide if you want to wait and hope enough winners back out, or should you start shopping now using alternative loan options?
Click the button below to understand your status and how to stay prepared and then schedule a 1-on-1 appointment to discuss your unique situation.
✅
Waitlisted Applicants
You're on the Waitlist!
You are going to have to decide if you want to wait and hope enough winners back out, or should you start shopping now using alternative loan options?
Click the button below to understand your status and how to stay prepared and then schedule a 1-on-1 appointment to discuss your unique situation.
✅ For Those Not Selected
Don't get discouraged! We have other down payment options available for you.
Click the button below to learn about alternative programs and financing options and then schedule a 1-on-1 appointment for personalized assistance in finding the best program for you.
✅
Those Not Selected
Don't get discouraged! We have other down payment options available for you.
Click the button below to learn about alternative programs and financing options and then schedule a 1-on-1 appointment for personalized assistance in finding the best program for you.
Want to use us as your lender?
Start an application with us so we can start the process for you.
Rather see other down payment assistance options?
Start an application with us so we can determine what your options are.
About the Dream for All Program
Please note that this program is currently closed for new applicants. Although there is NO guarantee, we hope to see the program relaunch for its 3rd year in 2025.
⭐ Why is Dream for All
so special?
The Dream for All program is special because it offers up to 20% down payment assistance for first-time generational homebuyers in California.
This silent second loan requires no monthly payments until you sell, refinance, or transfer the property.
⭐ What are the benefits of
Dream for All?
✔ Lower interest rate than other assistance programs
✔ Lower monthly payment because you avoid paying private mortgage insurance(PMI)
✔ Lower monthly payment due to lower loan amount
✔ Increased buying power due to larger down payment and lower rate & payment
✔ No monthly repayment of the subordinate silent 2nd assistance loan
✔ Homeowner doesn’t repay until they sell, refinance or transfer the property
About the Dream for All Program
Please note that this program is currently closed for new applicants. Although there is NO guarantee, we hope to see the program relaunch for its 3rd year in 2025.
⭐ Why is Dream for All so special?
The Dream for All program is special because it offers up to 20% down payment assistance for first-time generational homebuyers in California.
This silent second loan requires no monthly payments until you sell, refinance, or transfer the property.
It helps lower-income and disadvantaged residents achieve homeownership, promoting generational wealth and stability.
⭐ What are the benefits of Dream for All
✔ Lower interest rate than other assistance programs
✔ Lower monthly payment because you avoid paying private mortgage insurance(PMI)
✔ Lower monthly payment due to lower loan amount
✔ Increased buying power due to larger down payment and lower rate & payment
✔ No monthly repayment of the subordinate silent 2nd assistance loan
✔ Homeowner doesn’t repay until they sell, refinance or transfer the property
2024 Dream for All Updated Income Limits
CalHFA has just updated its income limits, and this change could impact your path
to qualifying for California Dream for All.
Click the button below to see the updated income limits.
2024 Dream for All Updated Income Limits
CalHFA has just updated its income limits, and this change could impact your path
to qualifying for California Dream for All.
Click the button below to see the updated income limits.
Want to Explore Different
Down Payment Assistance Options?
Take advantage of the many programs
out there!
There are many other homebuying assistance options available to fit your unique scenario. We are committed to helping you find the best path to homeownership.
👉 Visit our blog page with various options to learn more
or
👉 Connect with us and we will help determine which assistance program is best suited for your needs
Want to Explore Different
Down Payment Assistance Options?
Take advantage of the many programs out there!
There are many other homebuying assistance options available to fit your unique scenario. We are committed to helping you find the best path to homeownership.
👉 Visit our blog page with various options to learn more
or
👉 Connect with us and we will help determine which assistance program is best suited for your needs
Meet Your Lender
John King
Loan Consultant
NMLS ID# 453426
As an experienced mortgage expert, I've dedicated over two decades to helping first-time homebuyers navigate the path to homeownership.
My approach blends clear communication with honest advice, ensuring clients are well-informed and confident in their decisions. Committed to turning your homeownership dreams into reality!
Let's Stay Connected!
Meet Your Lender
John King I Loan Consultant I NMLS ID# 453426
As an experienced mortgage expert, I've dedicated over two decades to helping first-time homebuyers navigate the path to homeownership.
My approach blends clear communication with honest advice, ensuring clients are well-informed and confident in their decisions. Committed to turning your homeownership dreams into reality!
Let's Stay Connected!
Subscribe to us on YouTube!
Market Update +
Program Announcements + Homebuying Tips
Copyright 2024 - All Rights Reserved -Summit Funding
John King Loan Consultant / Branch Manager NMLS ID# 453426, Roseville- Branch NMLS ID# 1008243, Lodi- Branch NMLS ID# 284835, Summit Funding, Inc. NMLS ID# 3199, www.nmlsconsumeraccess.org, Equal Housing Opportunity.