CALIFORNIA DREAM FOR ALL SHARED APPRECIATION LOAN
Valor Home Finance
Valor Home Finance
Published on May 23, 2023
CALIFORNIA DREAM FOR ALL SHARED APPRECIATION LOAN

CALIFORNIA DREAM FOR ALL SHARED APPRECIATION LOAN

Borrower Requirements
This is a shared appreciation loan program

Be a first-time home buyer – Eligible if you have never owned a home or if sold you home more than three years ago and have not purchased another.

Must be primary residence.

Must complete two levels of homebuyer education counseling and obtain a certificate of completion, online, in-personal, virtual.

Meet CalHFA income limit, which is different for each county in California, Ventura County is $228,000

Schedule a brief call with Frank: 10 Minute Meeting – Frank Tomlinson

Property Requirements

SFR (One unit only), approved condo/PUD

Guest houses, granny units and in-law quarters may be eligible.

Manufactured homes are permitted.

Shared Appreciation Program

Dream for all provides a loan for 20% of the home purchase price.

Homeowner must repay the original loan plus 20% appreciation in the value of the home upon sale, refinance or end of loan term.

For borrowers with less or equal to 80% of area Average Median Income – The homeowner must repay the original loan plus 15% of appreciation in home value.

Appreciation = appraisal value of home minus original purchase amount

Example ($500,000 purchase receives $100,000 down payment funds, upon sale, refinance or end of loan term borrower must repay $120,000)

Unfortunately, this program is currently closed.

To learn more about how to take advantage of these benefit’s, please schedule a brief call with our team here: 10 Minute Meeting – Frank Tomlinson

Valor Home Finance
Valor Home Finance
Click to Call or Text:
(805) 778-8323