Dream Builder Program - Financing Solutions
Buying a home can be challenging, especially if you’re self-employed, recently recovered from bankruptcy, or working with limited credit history. The Dream Builder Program from Open Wholesale Mortgage is designed to help more people qualify for a home loan and achieve homeownership, even when traditional guidelines might hold them back.
With flexible terms, low down payment options, and support for non-traditional borrowers, the Dream Builder Program is helping clients turn their homeownership dreams into reality.
Why Choose the Dream Builder Program?
The Dream Builder Program is unique because it addresses common roadblocks that prevent many buyers from qualifying for a standard mortgage:
- High Debt-to-Income Ratios (DTI): Qualify with a DTI up to 50–60%, depending on circumstances.
- Limited Bankruptcy Seasoning: Only 1-day bankruptcy seasoning required for eligibility.
- Self-Employment & Non-Traditional Income: Ideal for self-employed borrowers or those with complex income sources.
- ITIN & DACA Borrowers: Includes options for non-U.S. citizens with ITINs or DACA status.
- Low Down Payment: Purchase with as little as 3.5% down.
Program Highlights
- Supports Primary Residences: Up to 96.5% LTV for eligible borrowers.
- Flexible Contributions: Accepts gift funds and seller contributions up to 6%.
- Lease-to-Own & Seller Financing Options: Through an FHA-eligible government entity, buyers can structure agreements that open doors for those not fully qualified yet.
- Minimum FICO Score of 580: Exceptions available in certain scenarios.
Who Can Benefit from Dream Builder?
The Dream Builder Program is perfect for a wide range of homebuyers, including:
- First-time homebuyers who need flexibility in qualifying
- Self-employed borrowers who recently started a new business
- Self-employed borrowers with unconventional income
- Borrowers with recent credit challenges or bankruptcy
- ITIN and DACA recipients ready to purchase a home
- Buyers seeking low down payment options and flexible financing
How the Dream Builder Program Works
- Eligibility Assessment: We review your credit, income, and homeownership goals.
- Loan Matching: We find the best Dream Builder program structure for your situation.
- Pre-Approval & Guidance: Get pre-approved quickly while understanding all your options.
- Closing: Enjoy a smooth process with a loan tailored to your needs, even if standard underwriting wouldn’t approve you.
Why Work With Us?
As your mortgage partner, we specialize in helping buyers navigate unique programs like Dream Builder. Our team:
- Shops rates across multiple wholesale lenders to ensure you get the best deal
- Explains the process clearly and acts as your fiduciary guide
- Helps you maximize program benefits, including low down payment options, seller contributions, and lease-to-own opportunities
.jpg/:/cr=t:7.43%25,l:0%25,w:100%25,h:68.18%25/rs=w:1200,h:545,cg:true)
Yes You Read Right
Want to make sure you're getting the best price when it comes to your mortgage? You came to the right place!