5-Phase Application Process
Our streamlined process typically takes 6-8 weeks from initial contact to program approval. Each phase is designed to be transparent and efficient.
Phase 1: Initial Contact
Day 1- Schedule free consultation call
- Discuss homeownership goals
- Review basic eligibility criteria
- Answer initial questions
Phase 2: Pre-Qualification
Days 2-3- Complete preliminary application
- Provide basic financial information
- Authorize credit check
- Receive initial qualification assessment
Phase 3: Documentation
Days 4-7- Gather required documents
- Submit income verification
- Provide identity documents
- Complete application package
Phase 4: Property Selection
Weeks 2-6- Define property criteria
- Search available properties
- Schedule property viewings
- Select ideal property
Phase 5: Final Approval
Weeks 7-8- Complete property inspection
- Finalize lease-to-own agreement
- Sign program documents
- Begin lease-to-own period
Eligibility Requirements
Understanding our requirements helps ensure a smooth application process. Our flexible criteria make homeownership accessible to more families.
Credit Requirements
- Minimum 580 credit score
- Alternative credit sources accepted
- No recent bankruptcies (within 2 years)
- No outstanding tax liens
Income Requirements
- Stable income for 2+ years
- Sufficient income to cover payments
- Multiple income documentation options
- Self-employed income accepted
Identity Requirements
- Valid government-issued ID
- ITIN or SSN
- DACA documentation (if applicable)
- Proof of legal residency
Property Requirements
- Primary residence only
- Single-family homes, townhouses, condos
- Property must meet safety standards
- Homeowners insurance required
Application Success Tips
Follow these tips to ensure a smooth and successful application process. Our team is here to help you every step of the way.
Start Early
Begin gathering documents as soon as possible to avoid delays
Be Honest
Provide accurate information - our team is here to help, not judge
Ask Questions
Don't hesitate to ask questions throughout the process
Stay Organized
Keep all documents organized and easily accessible
Be Patient
The process typically takes 6-8 weeks from start to finish
Communicate
Keep in regular contact with your loan officer
Why Choose DreamBuilder?
Our innovative lease-to-own program offers unique advantages that make homeownership accessible to families who may not qualify for traditional financing.
96.5% LTV Financing
Maximum financing with only 3.5% down payment required
ITIN/DACA Eligible
No SSN required - ITIN and DACA recipients welcome
Flexible Credit
580 credit score minimum with alternative credit options
Government Backing
Secure program with government entity backing
Equity Building
Build equity while renting, position for traditional financing
Nationwide Availability
Available in all 50 states and territories