Big news for California homebuyers in 2026: The California Housing Finance Agency’s (CalHFA) Dream For All Shared Appreciation Loan program is back, and it’s one of the most powerful down payment assistance programs available for first-generation buyers.

🗓 Application Window: February 24 – March 16

The Dream For All program will begin accepting applications on February 24, 2026, and close the window on March 16, 2026. After that, applications will undergo a random selection and audit process to ensure fairness and compliance.

Those selected will receive conditional approval and have 90 days to shop for a home using this life-changing financial resource.

What Is the Dream For All Program?

This program offers up to 20% of the home purchase price or appraised value to help first-generation homebuyers with a down payment. Unlike traditional assistance programs, Dream For All uses a shared appreciation model—meaning the state provides the funds in exchange for a share of the home’s appreciation when it's sold or refinanced.

Why It Matters:

• Eliminates or reduces the need for mortgage insurance

• Lowers your monthly payments (average $1,200/month savings according to California Forward)

• Makes homeownership accessible for first-time buyers in high-cost markets like California

• Targets equity by reserving at least 10% of funds for applicants in Qualified Census Tracts

Program Funding & Income Limits

CalHFA expects to allocate between $150 million and $200 million in funding for this round.

To qualify, applicants must meet CalHFA income limits, which vary by county:

• San Diego County: ~$207,000

• Los Angeles County: ~$168,000

• Santa Clara County: ~$309,000

A full list of limits and eligibility requirements is available on the official Dream For All page.

How to Prepare to Apply

The program’s random selection process means you must be fully ready before the application window opens. Here's how to get started:

✅ Steps to Apply:

1. Get Pre-Approved through a CalHFA Approved Lender

2. Gather all required documentation:

   • Government-issued ID

   • Parent information (to verify first-generation status)

   • Proof of income and tax returns

3. Submit your application between Feb 24 and Mar 16

Only applicants with a valid pre-approval letter will be eligible for the random selection process.

Why This Is a Game Changer

In one of the nation’s toughest real estate markets, Dream For All helps level the playing field. The program empowers first-generation buyers who may not have access to intergenerational wealth or savings, providing a rare opportunity to break into homeownership with meaningful assistance.

If you’re a first-time homebuyer in California—or you know someone who is—this is the time to get prepared.

Need Help or Have Questions?

As a local broker, I’m happy to connect you with approved lenders, explain how the shared appreciation model works, and guide you through the application process.

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