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Program Bulletin #2023-03 |
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CalHFA to Pause the Dream For All Shared Appreciation Loan
CalHFA anticipates that all funds currently available for the Dream For All Shared Appreciation Loan could be fully committed as soon as April 10, 2023. However, all loans must be rate locked no later than 3 p.m. PST on April 12, 2023, or when the available funds become fully committed, whichever is sooner. Loan files that do not have rate locks by that time will not be funded. Loan files attached to floating reservations are not committed and will be cancelled the day after the program pauses.
For all the details please read Program Bulletin #2023-03 - CalHFA to Pause the Dream For All Shared Appreciation Loan
Additionally, CalHFA is aware that some homebuyers are experiencing backlogs with the one-on-one counseling portion of the Homebuyer Education requirement and has worked with eHome America to address this issue by adding more than a dozen additional housing counselors, and prioritizing appointments by closing date.
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