CalHFA Down Payment Assistance

CalHFA – Dream For All Program

Welcome to the exciting world of homeownership! If you’re a first-time homebuyer looking to turn your homeownership dream into reality, you’re in for some great news.

CalHFA has introduced the 2024 Dream for All Shared Appreciation Loan Program, designed to make your journey into homeownership smoother and more accessible.

Contact Cher® to see if you qualify!

Down Payment Assistance:

  • You can get help with your down payment from CalHFA – either 20% of the home price or up to $150,000, whichever is less.
  • This assistance can be used for your down payment or closing costs.
  • CalHFA gets a share in the growth of your home’s value, matching the assistance you received.
  • The assistance money must be paid back when you sell the home, refinance, or at the end of a 30-year loan.
  • There’s a one-time exception to refinance without triggering repayment.
  • You can contribute a maximum of 5% extra towards your down payment.


  • You must be a first-time homebuyer.
  • At least one applicant must be a California resident.
  • At least one borrower must be a First-Generational Homebuyer.
  • You cannot have owned a home in the past 7 years.
  • Your gross income must be below the limit for your county.
  • The debt-to-income ratio must be between 45-50%.
  • You need a minimum credit score of 660-680.
  • Only conventional loans are accepted (no FHA options).