Question 1

Who is Dream for All program for?

Accepted Answer

First-time, first-generation California homebuyers with income within county limits, a credit score of 660+, and who will use the home as their primary residence.

Question 2

How does Dream for All program work?

Accepted Answer

You get a shared appreciation loan worth up to 20% of the purchase price. There are no monthly payments. When you sell, refinance, or transfer, you repay the loan plus a share of the home’s appreciation.

Question 3

How to enter the California Dream for All lottery system?

Accepted Answer

Submit your application through a CalHFA-approved lender during the lottery window—expected by October 2025. Then wait for winners to be chosen randomly.

Question 4

How are Dream for All lottery winners are selected

Accepted Answer

After the lottery closes, CalHFA selects winners randomly from the applicant pool. Each applicant has the same chance, regardless of when they applied.

Question 5

What happens if you’re selected for Dream for All?

Accepted Answer

You’ll need to get officially pre-approved with a CalHFA-approved lender, shop for your home, submit paperwork, and close on your purchase before the funding deadline.

Question 6

What if you’re not selected for Dream for All?

Accepted Answer

Don’t worry—you can stay on the waitlist for future rounds or explore other down payment programs with our help.

Question 7

Can I enter Dream for All multiple times?

Accepted Answer

No—each applicant is entered once per lottery round. Only one submission per household is allowed.

Question 8

How does Dream for All repayment work when selling your home?

Accepted Answer

When you sell or refinance, you repay the original loan amount plus the same percentage of appreciation it covered. For example, if it covered 20%, you repay 20% of the home’s gain.

Question 9

Should I wait until Dream for All launches to get pre-approved?

Accepted Answer

No—getting pre-approved now positions you ahead of others once the application window opens and helps avoid delays if you are selected.

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Your Guide to Buying a Home
in California

Everything you need to know about buying a home and your down payment options.

Over the Dream For All Income Limit? Don't Give Up Yet

Will Student Loans Disqualify You From Dream For All?

Homebuyer Education Requirement

Property Requirements: What Kind of Homes Qualify?

Borrower Eligibility Requirements

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