If you could qualify for a mortgage today, would you buy a house?
Many renters that want to buy a home can’t currently qualify for a mortgage. With that in mind, we launched the Dream America Program to help turn renters into owners. How does it work? We accept applicants that have the income and cash needed for an FHA / VA mortgage, but still can’t qualify because low FICO, divorce, medical bills, self-employment, prior bankruptcy, prior foreclosure or other factors put a mortgage out of reach. Once approved, you pick any house available for sale in your community within your budget, Dream America buys it and leases it back to you. You then go through the Dream America Program to get mortgage-ready. As soon as you qualify for a mortgage, cancel the lease penalty-free and buy your home! And to help you on the journey, Dream America credits 10% of rent paid towards your purchase.APPLY NOW
HOW IT WORKS
Once qualified, you will go out with your real estate agent to pick the home you want from any available for sale in your area for $150,000+.
At any time that you qualify for a mortgage, you can cancel the lease penalty-free and buy your home!
If you still aren't ready to buy at the end of the lease, don't worry! As long as you have been paying your rent on time each month, you can renew for another year.
500 MINIMUM CREDIT SCORE
$4,000 MINIMUMMONTHLY INCOME
MONTHLY RENT MAXIMUM 1/3 OF
45% MAXIMUM DEBT-TO-INCOME
12+ MONTHS OF ON-TIME RENT