First-time California homebuyers eligible for $150K in downpayment assistance
New York Post • • business
Key Points:
- California's Dream For All Shared Appreciation Loan Program reopens for a limited 20-day period from Feb. 24 to March 16, offering eligible first-time homebuyers up to $150,000 or 20% of a home's purchase price for down payment or closing costs.
- The program operates via a lottery system where buyers must register for a voucher and be randomly selected; it is not first-come, first-served.
- Eligibility requires at least one first-generation and first-time homebuyer who is a California resident, with household income within county limits, and obtaining a DFA Lender Pre-Approval Letter before applying.
- Assistance is provided as a shared appreciation loan, requiring repayment of the original amount plus 15-20% of
