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What is Landed’s role in the California Dream for All program?

You don’t have to begin this process on your own! Landed is an expert in shared appreciation down payment programs, as well as a trusted provider of a suite of homebuying support resources for homebuyers. We offer homebuying education resources, access to one-on-one financial coaching, introductions to agents and lenders (who will also be familiar with California Dream for All), and more. With Landed, you’ll be ready to take advantage of this unique down payment assistance program.

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How can I take advantage of the California Dream for All Program?

In order to participate in this program, you must complete an approved homebuying education and counseling course, PLUS shared appreciation loan-specific education. Additionally, you can sign up with Landed to get connected to a CalHFA-approved lender as well as a real estate agent familiar with shared appreciation down payment programs so you can start your search for your new home.

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California Dream for All has a limited amount of funds available so get started today to increase your chances of being able to take advantage of this program.

With Landed you can get:

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Homebuying education and support

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Experienced local real estate agents who are familiar with down payment programs

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A network of lenders who can help you access California Dream for All, as well as standard mortgage offerings

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Access to 1:1 financial coaching

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Information on alternative down payment program options

Sign up with Landed to make sure you’re equipped to take immediate action and take full advantage of the California Dream for All program, as well as other Landed homebuying support.

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Unlike a traditional loan, there are no monthly payments. Instead, a shared appreciation loan is paid back when the loan matures (usually 30 years), or upon the sale, transfer, or refinance of the home. The amount you pay back is based, in part, on the amount your home changes in value. 
  • First-time homebuyer
  • Must meet minimum credit score and debt-to-income requirements
  • Borrower income at or below the CalHFA Income Limits (varies by county)
  • Must use a Dream For All Conventional First Mortgage¹
  • Completed an accepted homebuying education and counseling course, as well as a shared appreciation supplemental education course²
At the end of the loan term or upon sale, transfer, or refinance of the home, the homebuyer must repay the original down payment loan, plus a share of the appreciation in the home’s value. The appreciation share varies depending on the borrowers' income.

For borrowers with income greater than 80% Area Median Income (AMI) and less than or equal to the CalHFA Income Limits:  
  • 1:1 program appreciation share
  • Example: If California Dream for All provides 10% of the original principal amount for the down payment, the homebuyer will owe them the original loan amount, plus 10% (1 x 10%) of the home’s increase in value
  • The amount of shared appreciation is capped at 2.5 times the original loan amount

For borrowers with income less than 80% Area Median Income (AMI) and less than or equal to the CalHFA Income Limits: 
  • 0.75:1 program appreciation share
  • Example: If California Dream for All provides 10% of the original principal amount for the down payment, the homebuyer will owe the the original loan amount, plus 7.5% (0.75 x 10%) of the home’s increase in value
  • The amount of shared appreciation is capped at 2.5 times the original loan amount
You can borrow up to 20% of the home purchase price or appraisal value, whichever is less.
You can also choose to invest your own down payment savings and use this program to supplement your total down payment to help reduce the amount you will owe monthly on your primary mortgage.
The ability to afford a home is slipping farther out of reach for many working Californians. Accessing homeownership and making a large down payment is often even more difficult for low-income communities and communities of color. The median home price in California reached $786,000 last year. For that price, a 20% down payment would be more than $157,000, which isn’t attainable for many low- to moderate-income first-time homebuyers. To help secure the future of California, the state is using some of its budget surplus to help struggling home buyers with this program.
CalHFA officially launched the program on March 27, 2023, although some of the approved lenders may not be ready to support homebuyers immediately.

Sign up to get started now

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¹Cannot be combined with CalPLUS ZIP or MyHome
²Source: https://www.calhfa.ca.gov/homebuyer/borrower.htm

 

Landed, Inc. is a privately held corporation, which together with its subsidiaries and affiliates (collectively, “Landed”),  provides homebuying education and related services.  Landed is not a Lender. Landed does not sponsor and is not affiliated in any manner with the California Dream for All program, and is not responsible for the launch, administration, eligibility criteria and/or any other aspect of the California Dream for All program. The appearance of external hyperlinks on this webpage does not constitute endorsement by Landed of the linked websites, or the information, products or services contained therein, and the use and content of such websites is governed by the terms, conditions and policies applicable to such websites.