Made possible by the California Housing Finance Agency, the program gives eligible individuals 20% of the home's cost to help with the down payment.
Good news if you're looking to purchase your first home in California, but need a little extra assistance with that down payment. The California Dream For All Shared Appreciation loan program, which was first introduced last year and was so popular that it ran out of the $300 million set aside to help first-time homebuyers in just 11 days, has relaunched, the state announced.
Applications are being accepted now through April 29 at 5 p.m. PST. A randomized drawing will select registrants who will receive the loans - this will not be first come, first served.You are eligible to apply if you've never owned a home. One borrower must be a first-generation homebuyer, while all borrowers must be first-time homebuyers. Income must meet CalHFA Income Limits for the county you are purchasing in.
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