What is the DreamBuilder loan program?

DreamBuilder is a unique Homeownership Empowerment program which enables an FHA Eligible Government Entity to purchase a home that can ultimately be purchased by customers, while providing housing stability and equity creation.

What credit score do I need for DreamBuilder?

The minimum credit score is 580, with scores below 580 considered on a case-by-case basis.

What is the maximum LTV for DreamBuilder?

DreamBuilder offers up to 96.5% Loan-to-Value (LTV) for qualified borrowers.

Are ITIN holders eligible for DreamBuilder?

Yes, ITIN holders (Individual Taxpayer Identification Number) are eligible for the DreamBuilder program.

Is DreamBuilder available for DACA individuals?

Yes, DACA individuals are eligible for the DreamBuilder loan program.

What share of future homeownership growth will come from Latino households?

The Urban Institute projects that Latinos will account for 70% of homeownership growth over the next 20 years.

How old is most of the US Hispanic population?

Most of the US Hispanic population is younger than 35 years old, and Hispanic millennials represent over a quarter of the cohort about to reach home-buying age.

How many mortgage-ready millennials are there in large US metropolitan areas?

There are more than 21 million mortgage-ready millennials in 31 large metropolitan areas around the country who have the credit scores, debt-to-income ratios, and credit history that suggest they could qualify for a mortgage.

How many Hispanic millennials are mortgage-ready in large US cities?

Of mortgage-ready millennials in the 31 largest metropolitan areas, 4.6 million are Hispanic.

How many Black millennials are mortgage-ready in the largest US cities?

In the 31 largest metropolitan areas, there are over 1.7 million Black millennials who would qualify for a mortgage.

How much wealthier are homeowners compared to renters on average?

On average, wealth for homeowners is 3,965% higher than for renters, according to the Federal Reserve's Survey of Consumer Finances.

What is the current homeownership rate for Black Americans compared to White Americans?

According to the National Association of Realtors (NAR), the homeownership rate for Black Americans is 43.4%, significantly lower than 72.1% for White Americans.

What is the wealth difference between homeowners and renters?

According to the Federal Reserve's Survey of Consumer Finances, homeowners have on average 3,965% more wealth than renters, making homeownership one of the most powerful tools for building generational wealth.

The Homeownership Opportunity

For Every Community: The Data Is Clear

Millions of Black, Hispanic, and underserved Americans are mortgage-ready but haven't been given the right tools. DreamBuilder was built to change that.

The Market Opportunity for Minority Homeownership

Opportunities exist today for minority groups to qualify for a home mortgage, and the market is ready.

The housing market can feel incredibly unstable and housing prices are still on the rise. If you don't pursue homeownership now, with all of the resources available to you, the wait could cost you your home. Your family and your community deserve the comfort and stability of having the American Dream. Sadly, many minorities and underserved communities are missing the chance to own their own homes.

70%

of home ownership growth over the next 20 years is projected to come from Latinos.

Source: Urban Institute

25+ Years

The Hispanic population will make up more than half of all net new households in the United States over the next 25 years.

Source: U.S. Census Bureau projections

35 Years Old

Most of the US Hispanic population is younger than 35, and Hispanic millennials represent over a quarter of the cohort about to reach home-buying age.

Source: U.S. Census Bureau

21 Million+

mortgage-ready millennials in 31 large metropolitan areas have the credit scores, debt-to-income ratios, and credit history to qualify for a mortgage.

Source: National Association of Realtors (NAR)

4.6 Million

of the 21M+ mortgage-ready millennials in the 31 largest metros are Hispanic.

Source: National Association of Realtors (NAR)

1.7 Million+

Black millennials in the 31 largest metropolitan areas who would qualify for a mortgage.

Source: National Association of Realtors (NAR)

6.3 Million

mortgage-ready Black and Hispanic millennials in the 31 largest MSAs, per NAR Report.

Source: National Association of Realtors (NAR)

3,965%

higher average wealth for homeowners vs. renters, according to the Federal Reserve's Survey of Consumer Finances.

Source: Federal Reserve Survey of Consumer Finances

The Homeownership Gap: A Solvable Problem

According to the National Association of Realtors (NAR), minority groups still face a gap in homeownership rates compared to their White counterparts. The current homeownership rate for Black Americans is 43.4%, significantly less than White Americans at 72.1%. In 2019, the Black homeownership rate fell to 40.6%, the lowest level in more than half a century.

Black Americans43.4%

In 2019, the Black homeownership rate fell to 40.6%, the lowest level in more than half a century.

White Americans72.1%

Source: National Association of Realtors (NAR), 2022

The gap is real, but so is the opportunity. DreamBuilder Wayfinder is built to close it.

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