Leveraging Multiple Resources to Achieve Your Homeownership Goals

The California Dream For All Shared Appreciation Loan is a powerful tool for helping first-time, first-generation homebuyers achieve their dream of homeownership. But did you know that you can further maximize your affordability by layering the Dream For All loan with other down payment assistance programs?

Combining the Dream For All Loan with Non-CalHFA Down Payment Assistance

In addition to the Dream For All loan, you may be eligible for other down payment assistance programs offered by local governments, non-profit organizations, or employers. By combining these resources with the Dream For All loan, you can significantly reduce your upfront costs and make homeownership more attainable.

When layering the Dream For All loan with other down payment assistance programs, keep in mind that:

  1. The Dream For All loan must remain in second lien position, meaning it will be subordinate to your primary mortgage but must be repaid before any other down payment assistance loans.
  2. You cannot combine the Dream For All loan with the MyHome Assistance Program, another CalHFA down payment assistance option.

Layering multiple down payment assistance programs can be complex, as each program may have its own eligibility requirements, repayment terms, and restrictions. That's where Tennant Lending comes in.

Our experienced mortgage professionals are well-versed in the various down payment assistance programs available in Northern California and can help you identify the options that best fit your unique situation. We'll work with you to determine your eligibility for each program and guide you through the application process, ensuring that you're able to maximize your affordability while remaining compliant with all program guidelines.

Partnering with Tennant Lending for Comprehensive Down Payment Assistance Guidance

At Tennant Lending, we understand that navigating the world of down payment assistance can be overwhelming, especially as a first-time homebuyer. That's why we're committed to providing you with comprehensive guidance and support throughout the entire process.

Our team will help you:

  1. Identify the down payment assistance programs that best complement the Dream For All loan based on your individual circumstances.
  2. Understand the eligibility requirements, repayment terms, and restrictions associated with each program.
  3. Gather the necessary documentation and submit applications for each program.
  4. Coordinate with program administrators to ensure seamless integration of multiple down payment assistance resources.

By partnering with Tennant Lending, you can feel confident that you're making the most of the available down payment assistance options and positioning yourself for long-term homeownership success.

Let Tennant Lending Help You Maximize Your Homeownership Affordability

Don't let limited down payment funds keep you from achieving your dream of homeownership. Contact Tennant Lending today to learn more about how we can help you combine the California Dream For All Shared Appreciation Loan with other down payment assistance programs, maximizing your affordability and making homeownership a reality.

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