6-Step Loan Process
Our streamlined loan process makes it easy to get started on your path to homeownership. Each step is designed to be simple and transparent.
Initial Consultation
Schedule a free consultation to discuss your homeownership goals and loan options
Requirements:
- Basic contact information
- General financial overview
- Homeownership goals
Pre-Qualification
Complete preliminary qualification assessment to determine loan eligibility
Requirements:
- Credit check authorization
- Income documentation
- Identity verification
Documentation Collection
Gather and submit required documentation for loan approval
Requirements:
- Income verification documents
- Identity documents
- Credit information
Property Selection
Work with our team to find and select your ideal property
Requirements:
- Property preferences
- Budget parameters
- Location requirements
Loan Processing
Complete loan processing and underwriting review
Requirements:
- All documentation verified
- Property appraisal
- Underwriting review
Loan Approval & Closing
Final loan approval and closing process
Requirements:
- Loan approval
- Closing documents
- Funds disbursement
Loan Requirements
Understanding our requirements helps ensure a smooth loan 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 loan payments
- Multiple income documentation options
- Self-employed income accepted
Identity Requirements
- Valid government-issued photo 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
Why Choose DreamBuilder Loans?
Our innovative loan 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
Competitive Interest Rates
Competitive rates for qualified borrowers
Flexible Income Documentation
Multiple income verification options available
Loan Process Timeline
Our loan process typically takes 4-8 weeks from start to finish. Here's what to expect at each phase.
Application Phase
Duration: 1-2 weeks
- Complete loan application
- Submit required documents
- Initial credit review
- Preliminary approval
Processing Phase
Duration: 2-4 weeks
- Document verification
- Property appraisal
- Underwriting review
- Conditional approval
Closing Phase
Duration: 1-2 weeks
- Final approval
- Closing document preparation
- Funds disbursement
- Property transfer
Frequently Asked Questions
Common questions about the DreamBuilder loan process.
How long does the loan process take?
The complete loan process typically takes 4-8 weeks from application to closing.
What documents do I need?
You'll need income verification, identity documents, credit information, and property details.
Can I apply with an ITIN?
Yes, our program accepts ITIN holders and DACA recipients.
What is the minimum credit score?
We require a minimum 580 credit score, with alternative credit options available.
How much down payment is required?
Only 3.5% down payment is required with our 96.5% LTV program.
What types of properties qualify?
Single-family homes, townhouses, and condos used as primary residences qualify.