2024 CalHFA 20% down program

CalHFA "Dream for All" 20% down program 2024

****THIS 2024 CalHFA PROGRAM IS FIRST COME FIRST SERVED**** The funds tend to run out quickly, so help us, help you to be better prepared!

Here are just *some* of the CalHFA "Dream for All" program highlights:

  • Loan type:  Conventional
  • up to 20% down payment assistance can be used towards down payment and closing costs.  If using a portion for closing costs, mortgage insurance may be added.
  • FICO score needs to be 680 or higher
  • Maximum income 180,000 for Los Angeles County
  • HUD certified home buyer 8 hour-education course is required prior to close of escrow.  
  • IN MOST CASES, upon offer acceptance, BUYER MAY BE REQUIRED TO USE THEIR OWN FUNDS for good faith/earnest money deposit, as well as for in-escrow inspections, appraisal, and due diligence costs depending on your contract terms. 
  • Interest rates subject to change, so please seek the advice of a lender professional

REPAYMENT:  If a "trigger event" such as time of sale, refi (ask lender about one-time exception), payoff or transfer of first mortgage happens, the original borrowed amount will need to be paid back, as well as shared appreciation percentage based upon borrowers median income being above or below 80% Area Median Income.  How to find the AMI https://ami-lookup-tool.fanniemae.com/amilookuptool/


8 hr HUD approved class: https://housing2.lacity.org/wp-content/uploads/2022/01/Education-Providers-List.pdf


Shared Appreciation Class: https://www.calhfadreamforall.com/

PLEASE NOTE AGAIN:  BUYER MAY BE REQUIRED TO USE A SMALL PORTION OF THEIR OWN FUNDS for various upfront costs once they get an accepted offer i.e. earnest money deposit to escrow as well as the costs of performing various inspections, appraisal, etc. depending on your contract terms). 

CalHFA Dream for All 2024 FAQs

TO GET ADDITIONAL PROGRAM INFORMATION, do not hesitate to give us a call at 310-508-4354 and we will be happy to connect you with experienced lender professionals that work with CALHFA programs.

Questions? Just Ask!

By giving us your phone number and email address, you are giving Andi Grant permission to contact you via email, phone, or text.