Eligibility Requirements
Our program has four main categories of requirements. Understanding these helps ensure a smooth application process.
Credit Requirements
Flexible credit requirements designed to help more families qualify
- Minimum 580 credit score
- Alternative credit sources accepted
- No recent bankruptcies (within 2 years)
- No outstanding tax liens
- No recent foreclosures (within 3 years)
Income Requirements
Flexible income verification options for various employment situations
- Stable income for 2+ years
- Sufficient income to cover payments
- Multiple income documentation options
- Self-employed income accepted
- Part-time income considered
Identity Requirements
Accept various forms of identification including ITIN and DACA
- Valid government-issued photo ID
- ITIN or SSN
- DACA documentation (if applicable)
- Proof of legal residency
- Valid passport (if applicable)
Property Requirements
Focus on safe, habitable properties suitable for families
- Primary residence only
- Single-family homes, townhouses, condos
- Property must meet safety standards
- Homeowners insurance required
- Property inspection required
Flexible Income Documentation
We offer multiple income verification options to accommodate various employment situations. Choose the option that works best for your circumstances.
FHA Full Documentation
Traditional income verification with 1 year employment history
- W-2 forms
- Pay stubs
- Tax returns
- Employment verification
Bank Statement Income
Income verification using bank statements only
- 3-12 months personal bank statements
- 3-12 months business bank statements
- Deposit analysis
P&L + Bank Statements
Profit & Loss statements combined with bank statements
- Business P&L statements
- Corresponding bank statements
- Business verification
1099s + Bank Statements
1099 income combined with bank statement verification
- 1099 forms
- Bank statements
- Income verification
Qualification Checklist
Use this checklist to assess your readiness for the DreamBuilder program. Our team can help you understand any requirements you need to address.
Credit Score
Requirement: 580+ minimum
Check your credit score
Income
Requirement: Stable for 2+ years
Gather income documents
Identity
Requirement: Valid government ID
Have ID ready
Property
Requirement: Primary residence
Identify target property
Down Payment
Requirement: 3.5% minimum
Save for down payment
Insurance
Requirement: Homeowners insurance
Plan for insurance costs
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
Flexible Credit Requirements
580 credit score minimum with alternative credit options
ITIN/DACA Eligible
No SSN required - ITIN and DACA recipients welcome
Government Entity 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