California Dream For All Shared Appreciation Loan UPDATE 2024

It is True! The Legislature passed, and Governor Gavin Newsom signed into law, the 2023-24 State Budget which provides $200 million for the CalHFA Dream for All Shared Appreciation Loan program!!! 

CalHFA will continue working with partners in State government and stakeholders to calibrate the program, which may include changes to the Program processes, guidelines, and systems.

As a result, CalHFA will provide an update this fall that will include a timeline for applications. If you are looking to purchase a home with the CalHFA Dream for All Shared Appreciation Loan apply at and Fresh Home Loan Inc., will update you as soon as funds are allocated mas well as review other first time home buyer options with you.  CalHFA sets the rate for this program so the most important thing a buyer can do is use a competent lender like Fresh Home Loan Inc.


Here are some FAQ’s about the original Dream for All program:

  1. What is the Dream For All Shared Appreciation Loan?

The Dream For All Shared Appreciation Loan (Shared Appreciation Loan) is a shared appreciation loan program that provides loans for down payment to qualified homebuyers. Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home. Those repayments are then used to fund future homebuyer down payments.

  1. What is the maximum loan amount for the Shared Appreciation Loan?

The maximum loan amount is up to 20% of the sales price or appraised value, whichever is less.

  1. What are the income limits for the Shared Appreciation Loan?

Income cannot exceed CalHFA income limits. • Use Fannie Mae’s HomeReady® Lookup tool to determine if the income is less than or equal to the HomeReady 80% Area Median Income (AMI). Lower Income (LI) borrowers are eligible for CalHFA’s LI interest rate and a reduced amount of shared appreciation repayment.

  1. Are borrowers required to make monthly payments on the Shared Appreciation Loan?

No, payments are deferred for the life of the first mortgage.

To apply, or get more information for your specific scenario you can fill out this quick easy form:

Garrick Werdmuller
President CEO | Fresh Home Loan Inc
NMLS 242952

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Garrick Werdmuller
(510) 282-5456