Buyer News: California Dream For All Program

[This information was provided by my preferred mortgage broker, Elvin Wesley with Ranch and Coast Mortgage]

The California Dream for All Program is a Shared Appreciation Loan to be used in conjunction with the Dream for All Conventional first mortgage for down payment and/or closing cost assistance. This product could not come at a better time as we strive to improve equitable access to homeownership for more families!

A few highlights of this program include:

Up to a 20% Shared Appreciation loan based on sales price or appraised value, whichever is less.
All borrowers, including co-borrowers, must reside (owner occupied only) in the home and meet the definition of a first-time homebuyer (never owned a home or has not owned a home in the last 3 years).
At the time of sale, refinance, payoff or transfer of the first mortgage, the homeowner must repay the original loan amount plus any shared appreciation in the value of the home.
Cannot be combined with any other CalHFA down payment or closing costs assistance program (MyHome or CalPLUS ZIP).

680 mid FICO with income greater than 80% AMI – Area Median Income limit (moderate income as determined by county) –
660 mid FICO with income at or below 80% AMI – Area Median Income limit (low income as determined by county) –

Min CLTV 70% / Max CLTV 105%
Max DTI 50% for mid FICO score at or greater than 700
Max DTI 45% for mid FICO less than 700

Homebuyer Education is required (free) –

The State has only allocated $300 Million towards this product, so we anticipate this will be the hottest ticket item this purchase season in California. For more information or to see if you will qualify, please contact Elvin Wesley with Ranch and Coast Mortgage at 760-580-1733, or


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