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California first time homebuyer assistance program 

Hey, it’s Bob Arthur with an update on the California first time homebuyer assistance program. A program for California first-time home buyers who need down payment assistance re-opens on February 24th The California Housing Finance Agency will relaunch the third round of its Dream for All Shared Appreciation Loan Program for qualified first-generation home buyers. If you meet the requirements and get selected in the lottery system, you could receive a grant of up to $150,000. Here’s how it works. The Dream For All Shared Appreciation Loan Affordability stands as a barrier to many first-time home buyers, especially in an expensive state like California. Luckily, there is help available for prospective borrowers. The California Dream for All Shared Appreciation Loan Program provides down payment assistance funding up to 20% or $150,000 of the home’s sales price. The application portal will be open from February 24 to March 16, 2026. Cal H F A said it expects to have between 150 and 200 million dollars in program funding. In order to qualify for the program, at least one borrower must be a first-generation home buyer, one borrower must be a current California resident, all borrowers must be first-time buyers, and must meet the income limits for their county. You’ll also need to meet Cal H F A’s overall borrower eligibility requirements. The program is designed to give more people access into homeownership and the ability to accrue wealth. For that help, you’ll have to pay back some of those gains when you sell your property. The state housing authority will collect the initial 20% plus a percentage of the increased value of your home. The California Dream For All program has already helped thousands of Californians buy their first home, said Tony Sertich, executive director at Cal H F A As these homeowners begin to repay their loans, the funds are reinvested into the program to create a cycle that will continue far into the future, planting the seeds of generational wealth to help keep the California dream alive. If you want more information on this program, send me a message at 949 702 1232