20% Down Payment Help in CA: Know the Rules!

California’s Dream For All program is coming back in early 2026, and a lot of buyers have been waiting for this one.

Here’s why it’s such a big deal. The program can provide up to 20% of the home’s purchase price, capped at $150,000, to help cover your down payment or closing costs. It’s paired with a CalHFA Dream For All Conventional first mortgage through a CalHFA-approved lender. And the best part? You don’t make monthly payments on the assistance. You repay the original amount plus a share of the home’s appreciation only when you sell or transfer the property. That can be a game-changer for buyers trying to get into the market.

So who qualifies? At least one borrower must be a first-generation homebuyer, meaning their parents do not currently own a home in the United States. At least one borrower also needs to be a current California resident. Your income must fall within CalHFA’s county limits for where you’re buying (Santa Clara County $309K, San Mateo $295K, Alameda $293K), and you have to live in the home as your primary residence. You’ll work with a CalHFA-approved lender, complete a required homebuyer education course before closing, and register for a voucher.

Another important part, this is not first-come, first-served. It’s a lottery. You register during the application window, and a randomized drawing selects who receives a voucher. When the program launched in 2023, funds were gone within days. The 2026 lottery window runs from February 24 through March 16, 2026, and many applicants are expected. 

If this sounds like something that could help you or someone you know, now is the time to get pre-approved and ready. The buyers who are organized ahead of registration have the best shot once the window opens. Let me know if you want to explore it. I can connect you with a trusted CalHFA-approved lender and help you game plan your next move.