Program Matrix

Dream Home Fund Program Matrix

At-a-glance reference for enrolled lenders. Minimum credit score, maximum DTI, property types, LTV/CLTV, layering, lien position, and lender fees across Dream Home Fund's silent second mortgage programs.

Last revised: May 21, 2026. This matrix is informational and subject to change. It does not replace the Dream Simple Program Handbook, the Lender Program Manual, or the Lender Participation Agreement, which together govern program participation.

How to read this matrix. Dream Simple applies a representative-credit-score-to-max-DTI tier across all eligible property types: at 640 representative credit, max DTI is 40%; at 680, max DTI is 45%; at 700+, max DTI is 50% (minimum eligible representative credit score is 640). The first mortgage lender's own credit and DTI minimums also apply; the more restrictive of the lender's standard and Dream Home Fund's standard governs.

Dream Home Fund DPA Programs Matrix

Dream Simple1
Max Loan Amount 3.5% of purchase price, up to $45,0002
Loan Type Silent second mortgage, simple interest, deferred payment
Property Type SFR & Condos (detached, attached, PUD); 2-4 Unit (owner-occupied)
Credit Score & Max DTI3 640 credit → 40% max DTI
680 credit → 45% max DTI
700 credit → 50% max DTI
First-Time Homebuyer Yes
Homebuyer Education Required4 8-hour HUD-approved homebuyer education, plus the DHF Financial Education Course
LTV / CLTV Follows first mortgage; 105% max CLTV
Layering Capabilities Other DPA permitted only in 3rd lien or lower position
Lien Position 2nd
Mortgage Insurance Requirements Follows first mortgage
AUS Requirement Follows first mortgage (DU / LP / GUS approve/eligible)
Allowable Lender Fees Follows first mortgage (per investor guidelines)
DHF Program Administration Fee $500, charged only at successful closing
  1. 1 Dream Simple becomes available to enrolled lenders upon Dream Home Fund's HUD-Approved Nonprofit Roster approval and execution of the Lender Participation Agreement (LPA).
  2. 2 Dream Simple is sized to the lesser of 3.5% of the purchase price or $45,000. The $45,000 cap binds at purchase prices of approximately $1,285,714 or higher. Borrowers using first-mortgage products that require more than 3.5% down (for example, certain conventional programs) are responsible for any down payment in excess of the Dream Simple amount.
  3. 3 Credit score is the representative (middle of three / lower of two) FICO score across all borrowers on the loan. The first mortgage lender's own minimum credit score and maximum DTI also apply; the more restrictive of the lender's standard and Dream Home Fund's standard governs.
  4. 4 At least one borrower must complete an 8-hour HUD-approved homebuyer education course before closing. All Dream Simple borrowers must additionally complete the Dream Home Fund Financial Education Course (free, online) and submit a certificate of completion as part of the borrower acknowledgment package.
NOTE: This matrix is a basic information tool and is subject to change. It does not replace the Dream Simple Program Handbook, the Lender Program Manual, the Lender Participation Agreement, or any program bulletin. Dream Home Fund-issued income guidance, if any, applies as further described in the Dream Simple Program Handbook.
Dream Simple Handbook Lender Program Manual Lender Forms & Templates For Lenders