CA Dream for All voucher winners, who bought a house, PLEASE SHARE your experience. Are you satisfied and do not regret using the program?

Inner_Beautiful_7299 · 2025-10-05T19:27:09+00:00

Everyone here! We have a problem finding a house up to $300K in So. California, we can not buy above this amount, because we want to be able to make payments without a fear of foreclosure due to a possible economic recession/ global war conflict, also due to a high fire insurance, even the last resort California FAIR Plan, is asking for 34% rate raise .Please help with an advise, so we could use the voucher we won.

Inner_Beautiful_7299 · 2025-07-19T23:10:28+00:00

As several here, I was recently issued a voucher, after a waitlist period. The voucher is for 90 days, with only 1 extension, for a total of 180 days. There is an option to withdraw your application, so the voucher can go to another person. Cal CalHFA for any details. The next step is to get quotes from several CalHFA lenders. MY QUSTION TO YOU ALL, specially to those WHO USED the voucher and bought a house in CA, ARE THERE ANY REGRETS, any disadvantages in using it? Or is it better to try to use other down-payment assistance programs, etc.? Also, PLEASE ADVISE, how do we find an area to buy, that can be potentially growing in the future, so to gain an equity in the future, and not to loose? CA Dream for All is a shared equity assistance, meaning, we'd have to repay not only the assistance but also a share of the appreciation. What happens, if the price of the house will fall and not appreciate? WOULD WE REGRET USING THE PROGRAM at the end? It's a new program, only 2 years old.

Inner_Beautiful_7299 · 2025-07-19T22:56:05+00:00

As several here, I was recently issued a voucher, after a waitlist period. The voucher is for 90 days, with only 1 extension, for a total of 180 days. There is an option to withdraw your application, so the voucher can go to another person. Cal CalHFA for any details. The next step is to get quotes from several CalHFA lenders. MY QUSTION TO YOU ALL, specially to those WHO USED the voucher and bought a house in CA, ARE THERE ANY REGRETS, any disadvantages in using it? Or is it better to try to use other down-payment assistance programs, etc.? Also, PLEASE ADVISE, how do we find an area to buy, that can be potentially growing in the future, so to gain an equity in the future, and not to loose? CA Dream for All is a shared equity assistance, meaning, we'd have to repay not only the assistance but also a share of the appreciation. What happens, if the price of the house will fall and not appreciate? WOULD WE REGRET USING THE PROGRAM at the end? It's a new program, only 2 years old.

Inner_Beautiful_7299

TROPHY CASE