Registration will be open from February 24 to March 16, 2026.
Start preparing now.
Program Highlights
Offers up to 20% for down payment or closing costs, not to exceed $150,000
Homebuyer must register for a voucher. A randomized drawing will select registrants who will receive the voucher. This will not be first come, first served.
Eligibility
One borrower must be a first-generation homebuyer.
One borrower must be current resident of California.
All borrowers must be first-time homebuyers.
Income must meet CalHFA Income Limits for the county you are purchasing in.
Documents Needed
Government ID: Passports, driver’s license, state-issued ID, military ID, permanent residence cards, visas or employment authorization documents
Foster care documentation (if applicable): Foster Care Verification Form/Letter or court documents
The DFA Voucher application will require information for both parents of the designated first-generation borrower(s) including:
Name
Date of birth
Date of death (if applicable)
Current address
Proof of parent relationship
Birth Certificate
Adoption papers
EXAMPLE 1
Borrower is a moderate-income homebuyer
Dream For All provides a loan for 20% of the home purchase price.
The homeowner pays back the original loan amount plus 20% of any appreciation in the value of the home.
Borrower income less than or equal to 80% AMI using the HomeReady Lookup Tool
Reduced (0.75:1) program appreciation share
Program appreciation share is equal to 0.75 times the Shared Appreciation Loan Amount (i.e., the original principal amount) as a percentage of the home value
Dream For All provides a loan for 20% of the home purchase price.
The homeowner pays back the original loan amount plus 15% of any appreciation in the value of the home