Not sure if you qualify?
Run our 60-second self-check before talking to your lender. No commitment.
Dream Home Fund DPA is always paired with a first mortgage, so it reaches you through your lender, not directly from us. Here is how to ask for it.
Run our 60-second self-check before talking to your lender. No commitment.
Enter a purchase price and loan type to see your estimated Dream Simple amount and remaining cash to close.
Four steps from "I want to buy" to "welcome home." Most families move through it alongside their first-mortgage approval in 4, 8 weeks.
You will need a licensed first-mortgage lender, a bank, credit union, mortgage company, or independent loan officer, to originate your home loan. Most buyers start by getting pre-approved.
No lender yet? A HUD-approved housing counselor can help you find one. Find a HUD counselor →
Tell your loan officer you want to pair their first mortgage with a silent second from Dream Home Fund. Use the script below if it helps. You can copy it straight to a text or email.
If your lender hasn't heard of us, send them to our For Lenders page. There is no enrollment fee for their shop, no exclusivity, and onboarding is straightforward.
Your lender coordinates with Dream Home Fund as part of underwriting your file. They submit your information to us, we review, and we issue a DPA decision back to them. The silent second shows up in your loan documents alongside the first mortgage.
Dream Home Fund makes all DPA decisions independently. Capital partners whose funds may sit in the pool do not influence individual borrower approvals.
On closing day, DPA funds are wired directly to escrow. The silent second is recorded behind your first mortgage. You walk out with the keys.
No monthly payments on your DPA loan. Simple interest accrues at your first mortgage rate plus 1%. The balance becomes due only when you sell or refinance. A $500 Program Administration Fee is itemized on your Closing Disclosure (see below).
There is no application fee, no pre-approval fee, and no charge of any kind unless your silent second actually funds at closing.
Charged only upon successful funding and payable directly to Dream Home Fund, a 501(c)(3) nonprofit. The fee is itemized on your Closing Disclosure and covers program eligibility review, subordinate loan administration, compliance review, funding authorization, second lien administration, document preparation, closing coordination, funding disbursement, and final file completion and loan boarding.
All fees are charged only upon successful loan funding. No fees are collected if the transaction does not close. Program fees support Dream Home Fund's charitable mission of expanding access to homeownership and housing assistance.
If it helps, here is a short message you can copy and send to your loan officer or recite over the phone. It tells them everything they need to start the conversation with us.
Almost everything on this list is documentation your first-mortgage lender will collect anyway. The lender uses the same file to coordinate with Dream Home Fund on the DPA piece, so you won't gather a second set of paperwork. A few items are Dream Home Fund-specific (marked DHF) and your lender will request those from us.
Not seeing a document you expected? Your lender may have program-specific overlays (FHA, VA, conventional, USDA each have additional checklist items). If your lender hasn't worked with Dream Home Fund before, share the For Lenders page and the Program Matrix with them.
Demand from real borrowers is what brings new lenders onto our roster. If you've asked your lender about Dream Home Fund and they want more info, send us their contact and we'll reach out directly.
Send us your loan officer's name and email (or your situation if you don't have a lender yet) and we'll follow up. No application fee, no commitment, no cost to you for the introduction.
If a borrower sent you here, or you want to add DPA to your toolkit, we have a page just for you. No enrollment fee, no exclusivity, and the silent-second structure is standard for any loan officer used to subordinate financing.
All DPA decisions subject to Dream Home Fund underwriting and approval. Program is subject to fund availability, HUD-Approved Nonprofit Roster approval status, and applicable law. Dream Home Fund is not a mortgage lender; our silent second is a junior-lien down payment assistance product that sits behind your first mortgage and is delivered through a licensed first-mortgage lender. Equal Housing Opportunity. Open to ALL eligible borrowers regardless of religion, race, color, national origin, sex, disability, or familial status.