[LIMITED TIME OFFER] Dream for All Loan: Making Homeownership a Reality for YOU!

If you've been dreaming of owning a home, now is the time to act. CalHFA just came out with a down payment assistance program on March 27, 2023 which can help make homeownership more affordable for everyone during this high interest rate environment. The Dream for All Loan program is designed to provide an opportunity for qualified families, first-time homebuyers, and those who have been previously denied a loan to achieve their dream of owning a home. Only $300m has been funded for this program, once it's used up, then you'll lose this opportunity!

What is the Dream for All Loan?

The Dream for All Loan is a program designed to help people overcome the barriers to homeownership. This loan program offers flexible terms, low down payments, and competitive interest rates to make purchasing a home more affordable. This program is specifically designed for low-income families, first-time homebuyers, and those who have been previously denied a loan.

Who Qualifies for the Dream for All Loan?

To qualify for the Dream for All Loan, you must meet specific eligibility criteria. The following are some of the qualifications required to participate in this program:

• Your household income must be below a certain threshold depending on the location of the home
• You must be a first-time homebuyer or have not owned a home in the last three years
• The home you are purchasing must be your primary residence
• You must complete homeownership education

Why is the Dream for All Loan So Popular Currently?

The Dream for All Loan program has gained popularity due to the high interest rate environment that has prevented many homebuyers from qualifying for higher loan amounts. With this loan program, not only can you use your own funds for the down payment, but you can also use the loan to either decrease your loan amount, resulting in a lower mortgage payment, or increase your purchase price, allowing you to buy a home that truly suits your needs.

Moreover, in case the interest rate decreases and your property value goes up, you have the option to refinance into a lower rate loan without any repayment obligations. However, after the first refinance, repayment of the loan or any change of title would require repayment of the loan as well as the 20% share of the appreciation earned.

How to Apply for the Dream for All Loan?

To apply for the Dream for All Loan, you must first find a participating lender. Once you have found a participating lender, you will need to complete the loan application and provide the necessary documentation, including proof of income, employment, and assets. You will also need to complete homeownership education and counseling before closing on your loan.

There are several advantages to using the Dream for All Loan program, including:

1. Low down payments: The Dream for All Loan program offers low down payment options, making it easier for families to purchase a home.
2. Competitive interest rates: The program offers competitive interest rates, helping to keep monthly payments affordable.
3. Homeownership education: The program offers homeownership education and counseling to ensure that borrowers are fully prepared for the responsibilities of owning a home.
4. Flexible terms: The Dream for All Loan program offers flexible terms, making it easier for borrowers to find a loan that works for them.

Final Thoughts

The Dream for All Loan program is an excellent opportunity for people to achieve the American dream of homeownership. This program provides affordable financing options, comprehensive education and counseling, and a path to building wealth and stability. Take advantage of the Dream for All Loan may be the solution you need to make homeownership a reality.

You can find more information about the Dream for All Loan, including income requirements, on

1. Today's Rates – https://www.calhfa.ca.gov/apps/rates/ 
2. Income limits - https://www.calhfa.ca.gov/homeownership/limits/income/income.pdf
3. Links for the homeownership counseling course:
   Online 8 hour course ($99) - https://calhfa.ehomeamerica.org/sponsor_user/sponsor_main
   Dream for All (free) - https://www.calhfadreamforall.com/ (This one is super fast and easy.)