​CalHFA has announced that the program will resume accepting applications beginning February 24, 2026 and running through March 16, 2026, giving qualified first-generation homebuyers a chance to apply for down payment assistance again through a lottery process.

 

What’s happening with the program in 2026

• Application window: Feb. 24 – March 16, 2026 (pre-registration portal open)

• The program will provide shared appreciation down payment assistance to eligible first-time, first-generation homebuyers.

• Assistance can be up to 20% of the home’s purchase price (capped at $150,000) for down payment/closing costs.

 

California Dream For All Shared Appreciation Loan

The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs.

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.

If you applied in previous rounds and were placed on a waitlist or received a DFA voucher, you may access the Voucher Portal to view your voucher status, download a copy of your voucher, request a one-time extension, or cancel your voucher.

 

Registration will be open from February 24 to March 16, 2026.
Start preparing now.

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Program Highlights

• Offers up to 20% for down payment or closing costs, not to exceed $150,000

• Homebuyer must register for a voucher. A randomized drawing will select registrants who will receive the voucher. This will not be first come, first served.

Eligibility

• One borrower must be a first-generation homebuyer.

• One borrower must be current resident of California.

• All borrowers must be first-time homebuyers.

• Income must meet CalHFA Income Limits for the county you are purchasing in.

Documents Needed

• California Dream For All (DFA) Lender Pre-Approval Letter

• Government ID: Passports, driver’s license, state-issued ID, military ID, permanent residence cards, visas or employment authorization documents

• Foster care documentation (if applicable): Foster Care Verification Form/Letter or court documents

• The DFA Voucher application will require information for both parents of the designated first-generation borrower(s) including:

  • Name

  • Date of birth

  • Date of death (if applicable)

  • Current address

• Proof of parent relationship

  • Birth Certificate

  • Adoption papers