First Time Homebuyers
What is the California Dream For All program, and how does it work?
Under the California Dream For All program, the state will put down up to 20% of the cost of the home, or up to $150,000.
That money does have to be repaid, just not right away. It gets repaid — without interest — when you sell the home.
However, there’s a catch. You also have to pay back 20% of any appreciation on the home’s value (which is why the program is called a Shared Appreciation Loan). So, if you buy a $600,000 home and then sell it 10 years later for $700,000, you would have to pay back the initial $120,000 down payment, along with an additional $20,000.
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Who is eligible to apply for California Dream for All?
“Who’s eligible” is where some of the program’s changes this year come into play.
Like last year, California Dream for All applicants must be California residents — who are either citizens, permanent residents or otherwise defined as a “Qualified Alien” — and first-time home buyers.
But unlike last year, at least one person on the application must also be a first-generation home buyer — meaning their parents do not currently own a home in the United States. Applicants who have ever been in foster care also qualify.
Our Team
Choosing out team means having experienced professionals dedicated to making your first home buying experience smooth, successful, and enjoyable.
Rochele Doehr
Amy Hart
Rosella Weber
Amee Alagiri