Discover Homeownership with Our Groundbreaking Lease-to-Own Program
The DreamBuilder EEP Program – an innovative pathway to homeownership where FHA-eligible entities facilitate lease-to-own and structured financing agreements. Empowering qualified Homebuyers to buy their dream home in the future. Explore complete guidelines for your journey to owning a home.
Who is Eligible for the Program?
- Primary Residence for Homebuyer(s)
- 580 min Credit Score
- 3.5% Down Payment & Reserves
- Up to 96.5% LTV
- Full Doc and Alt Income options
- 12 months of verifiable rental history
- U.S. Citizens
- Permanent Resident Aliens
- Non-Permanent Resident Aliens, including ITIN and DACA
What Steps are required for a successful closing?
Step 1:
Get Started.
To confirm that you qualify!
Step 2:
Find your Home
After the Homebuyer(s) chooses their preferred property, they enter into a purchase agreement with the property’s seller. Your Broker, knowledgeable in the program, will ensure the property adheres to DreamBuilder Guidelines, and will verify that the contract includes the appropriate wording along with all necessary addenda and disclosures.
Step 3:
Appraisal
Homebuyer(s) will pay for an FHA appraisal to be completed on the property to confirm it is Eligible for the program
Step 4:
Funds to Close
Homebuyer(s) executes the Homeownership Agreement and remits all funds for closing to the title company.
Step 5:
Closing
The purchase transaction is closed at an approved title company.
Step 6:
Move In
Homebuyer(s) moves into the property and begins their journey toward owning the home!
- The option purchase price reduces with each monthly payment made by the Homebuyer(s).
- All appreciation acquired from the date of closing until the Homebuyer(s) purchases the property belongs to the
Homebuyer(s). - At any time, the Homebuyer(s) can sell the home, purchase the property from the FHA eligible government entity, or
assume the existing FHA loan on the property.
DreamBuilder Approved Title List
First Title
Agents National Title Insurance Company (ANTIC)
Fidelity Title
Investors Title Insurance Company
Landmark Title Insurance
Old Republic
Title Resource Guaranty Company
Velox Title
Westcor Title