5-Step Homebuyer Journey
Our comprehensive guide takes you through every step of the homebuying process. Each step is designed to prepare you for successful homeownership.
Assess Your Readiness
Evaluate your financial situation, credit score, and homeownership goals
Key Tasks:
- Check credit score
- Calculate debt-to-income ratio
- Determine budget
- Set homeownership goals
Research Programs
Learn about different homeownership programs and financing options
Key Tasks:
- Research lease-to-own programs
- Compare financing options
- Understand requirements
- Consult with experts
Get Pre-Qualified
Complete preliminary qualification to understand your options
Key Tasks:
- Submit basic information
- Provide income documentation
- Authorize credit check
- Receive qualification assessment
Find Your Home
Work with professionals to find and select your ideal property
Key Tasks:
- Define property criteria
- Search available properties
- Schedule viewings
- Make property selection
Complete Application
Submit full application and required documentation
Key Tasks:
- Gather all documents
- Submit application
- Complete property inspection
- Finalize agreement
Homebuyer Preparation Checklist
Use this comprehensive checklist to prepare for your homeownership journey. Being prepared increases your chances of success.
Financial Preparation
- Check and improve credit score
- Save for down payment (3.5% minimum)
- Calculate monthly housing costs
- Build emergency fund
- Review debt-to-income ratio
Documentation
- Gather income verification documents
- Collect identity documents
- Prepare credit information
- Organize financial statements
- Have references ready
Property Research
- Define property preferences
- Research neighborhoods
- Understand property types
- Consider future needs
- Plan for maintenance costs
Program Understanding
- Learn about lease-to-own process
- Understand equity building
- Know program requirements
- Review terms and conditions
- Plan for transition to ownership
Expert Homebuyer Tips
Follow these expert tips to ensure a smooth and successful homebuying experience. Our team has helped thousands of families achieve homeownership.
Start Early
Begin preparing for homeownership at least 6-12 months in advance
Improve Credit
Work on improving your credit score before applying
Save Aggressively
Save as much as possible for down payment and closing costs
Research Thoroughly
Research programs, properties, and neighborhoods extensively
Get Professional Help
Work with experienced professionals throughout the process
Be Patient
Homeownership is a journey - be patient and persistent
Why Choose DreamBuilder for Homeownership?
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
Frequently Asked Questions
Common questions from first-time homebuyers about the DreamBuilder program.
How much do I need for a down payment?
DreamBuilder requires only 3.5% down payment, making homeownership more accessible than traditional programs.
What credit score do I need?
Minimum 580 credit score, but we also accept alternative credit sources like utility bills and rent payments.
Can I use an ITIN instead of SSN?
Yes, DreamBuilder accepts ITIN and DACA documentation, making it accessible to more families.
How does lease-to-own work?
You rent the property while building equity, then transition to traditional financing when ready.
What income documentation is required?
We offer multiple options including W-2s, bank statements, P&L statements, and 1099s.
How long does the process take?
The complete process typically takes 6-8 weeks from initial application to program approval.