Are you eager to unlock the door to your own home but facing hurdles like down payments and closing costs? Say hello to CalHFA Dream For All—a pathway to homeownership that’s within reach for everyone. I’m Alexandra Young, representing Superior Mortgage Lending, and I’m here to guide you through the process.

Program Highlights:

• Lottery-Based Application: CalHFA Dream For All operates on a lottery-based application system. This means that instead of a first-come, first-served approach, homebuyers must register for a voucher, and a randomized drawing will determine who receives assistance. This ensures fairness and equal opportunity for all.

• Up to 20% Assistance: Qualified applicants can receive up to 20% assistance for down payment or closing costs, capped at $150,000. This generous support can make the journey to homeownership smoother and more affordable.

Eligibility Criteria:

• First-Generation Homebuyer: At least one borrower must be a first-generation homebuyer, paving the way for future generations to achieve the dream of homeownership.
• First-Time Homebuyer: All borrowers must be first-time homebuyers, ensuring that those who have not yet experienced homeownership have a chance to do so.
• Income Limits: Your income must meet CalHFA Income Limits for the county you’re purchasing in, ensuring that assistance reaches those who need it most.

Next Steps:

• Connect with a CalHFA Approved Lender: Start your journey by consulting with a CalHFA Approved Lender like myself, representing Superior Mortgage Lending. We’re here to provide expert guidance and support.
• Secure Pre-Approval: Work with your loan officer to secure a California Dream For All (DFA) Lender Pre-Approval Letter. This step is crucial for participating in the lottery-based voucher registration process.
• Complete the Education Course: Prior to registration, complete the 1-hour California Dream For All education course. This course covers essential topics like shared appreciation and its impact on your mortgage repayment. Access the course online at calhfadreamforall.com.
• 4Gather Required Documents: Ensure you have all necessary documents ready, including the DFA Lender Pre-Approval Letter, government ID, proof of current address, and any additional documents required for the application process.

Let’s Turn Your Dream Into Reality:

At Superior Mortgage Lending, we’re dedicated to helping you achieve your dream of homeownership. With CalHFA Dream For All, your path to owning a home is within reach. Contact me, Alexandra Young, today to begin your journey towards unlocking the door to your dream home!