WHAT IS DREAMBUILDER?
Not Your Traditional FHA. Not Your Average Buyer.
DreamBuilder is a mission-driven housing empowerment program that goes beyond the traditional credit box.
Powered by Open Mortgage Wholesale, it helps underserved, underbanked, and overlooked homebuyers break the rent cycle, while creating new opportunities to expand your network of referral sources to serve more clients.
01
Property submission
02
FHA eligible entity purchases the home
03
Lease + equity building
04
Full ownership via assumption, refinance, or sale.
ABOUT TODAY'S MARKET
The Market Has Changed.
Now, So Can Buying A Home.
The average rent increased by 24.2% between 2020 and 2024.
33+ million renters pay on time but can’t qualify under traditional standards.
55% of buyers prefer new homes but only 42% can close with the builder’s lender.
Traditional lending rules leave ITIN, DACA, and low FICO clients behind.
Source: National Average Rent Increase data from the U.S. Department of Housing and Urban Development (HUD)
HOW IT WORKS
The DreamBuilder Path to Homeownership
Step 1
Participants find a home. You submit a DreamBuilder scenario (TBDs welcome).
Step 2
An FHA eligible entity purchases the property.
Step 3
Homebuyers enter a structured lease, builds equity, locks in pricing.
Step 4
Payments are made over time to lower the option-to-buy price & lock in rent.
Step 5
Participants have the option to assume the loan, execute a planned exit strategy, pay off and stay, or sell.
Loan Amount
FHA Standard Balance
FHA High Balance 1-2 unit
Loan To Value (LVT)
-
Eligible up to 96.5% LTV
Qualifying home
-
FHA Full Documentation (1 Year)
-
Assets as Income
-
Automated Cashflow Qualification
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3-months Bank Statement Only Income
-
P&L + 3-months Bank Statements
-
1099s + 3-months Bank Statements
-
WVOE + 3-months Bank Statements
Credit Score
-
580 Minimum
-
NO FICO & < 580 scores allowed w/ reserves
Homebuyer Eligibility
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U.S. Citizens
-
Permanent Resident Aliens
-
Non-Permanent Resident Aliens, including ITIN and DACA
Credit
-
One (1) tradeline with at least 12 months satisfactory history
-
Alternative credit may be acceptable
PROGRAM HIGHLIGHTS
Turn File Fallout Into Closed Deals
WHO IS IT FOR
Serve Homebuyers Others Can’t
ITIN / DACA homebuyers
Self-employed with limited docs
Clients with recent bankruptcy or credit events
Renters with no score or thin files
