First Time Buyer Home Loans

The agency provides consumer services including first time buyer home loans for Los Angeles County. 

The Dream For All Shared Appreciation Loan is a down payment assistance program for first-generation homebuyers to be used in conjunction with the Dream For All Conventional first mortgage. The program offers up to 20% for down payment or closing costs, not to exceed $150,000. Homebuyers must register for a voucher and a randomized drawing will select registrants who will receive the voucher. This will not be first come, first served.

The Voucher Registration Portal will be open until Monday, April 29, 2024, at 5:00 p.m. PDT. 

Eligibility:

• One borrower must be a first-generation homebuyer.
• All borrowers must be first-time homebuyers.
• Income must meet CalHFA Income Limits for the county you are purchasing in.

Requirements:

1. Talk to a CalHFA Approved Lender who is offering the Dream For All program.
2. Work with your loan officer to determine what you need to do to secure a California Dream For All (DFA) Lender Pre-Approval Letter. You’ll need this letter in order to register for a DFA voucher in April.
3. Take the 1-hour California Dream For All education course which covers what shared appreciation is and how it affects your mortgage repayment. This course is delivered online and is free. 
4. Gather documents:

• 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
• Proof of current address: Government ID, utility bill, cell phone bill, insurance bill, voter registration or car registration. If you plan on using multiple borrowers, you should collect documents from each borrower for the Voucher Application process
  When gathering and collecting documents for the Voucher Application process, please note the permitted file types are PDF, JPG, or JPEG
• Foster care documentation (if applicable): Foster Care Verification Form/Letter or court documents

To apply or access application information visit the program portal: 

https://www.dreamforallvoucher.org/2024