Honored to have over 50 Metros SERVED.
Qualified prospect-residents work with licensed real estate agents of their choosing to select the right home for them. They can choose from a wide variety of property in cities that our Partners serve that fit their budget and meet our Partners’ investor criteria.
Partners operate in multiple markets but only acquire homes in select cities. To learn more about the cities where we buy homes explore the gallery seen here:
We will buy the house you select and rent it to you until you are ready to buy. We help you get loan-ready and half of the 10% option fee goes to your purchase.
If you could qualify for a mortgage today, would you buy a house?
If so, The American Dream Program may be for you.
Once qualified, you will go out with your real estate agent to pick the home you want from any available for sale in your area for $50,000+.
We will purchase that home and lease it to you for 12 months.
At any time that you qualify for a mortgage, you can cancel the lease penalty-free and buy your home!
If you still aren’t ready to buy at the end of the lease, don’t worry! As long as you have been paying your rent on time each month, you can renew for another year.
CLIENTS TESTIFY:
“Rent-to-own options: Move-in now, buy later.”
“I loved how my family could test drive the home, before buying it.”
“Real impact on wealth creation in America”
“A digital take on the old rent-to-own model”
“The best part of finishing The Program is that you don’t have to move when you close on your home.”
That’s what we set out to change. We’re in the business of financial equality.
Make homeownership accessible to everyone.
The Challenge,
The Solution &
Why It Works
Many people want the benefits of living in a single family home. However, whether they’re a first-time homebuyer who’s cautious about making such a large financial investment, someone who has recently relocated and is unsure of which neighborhood to live in, or someone who is creditworthy but cannot currently obtain a mortgage, they hope to one day buy a home but aren’t ready now.
Our Lease with a Right to Purchase Program allows you to find a home that you want to rent from us initially, but may also like to buy in the next three to five years. We believe that there are many households who may be thinking about buying a home, but for whatever reason would like to rent at the current time. You can lease the home for three to five one-year terms, depending on the state, and you may purchase the home from us at any time at a predetermined price.
We provide the opportunity for people to move into a great home and community today that otherwise may not be available in the rental market.
frequently asked questions
No. As long as your eviction is more than 12 months ago, you are still eligible for The American Dream Program.
No. When you apply for a mortgage, there is no criminal background check. And we are trying to get you ready for homeownership. However, we will not accept registered sex offenders.
You will pay an onboarding fee equal to 10% of your home price as soon as we are under contract to buy the home you selected.
All clients will be given a personalized roadmap to help them build their credit during the life of their lease. In addition, clients must sign The American Dream Program Pledge which includes steps to increase mortgage-readiness. You may also want assistance to dispute erroneous items on your credit report. We can introduce you to specialists that are working with other clients.
No. Monthly rent payments are not applied to the purchase price of the home. If you decide to exercise your Right to Purchase, you must pay the full predetermined price as set forth in the Right to Purchase Agreement.
For a $50,000 house, a minimum of $5,000 from savings, 401k plan or gift from a family member is required in order to be considered for The American Dream Program. Higher home prices require more upfront cash just as they do when you purchase.
* Please note, homes with a 12 Month Purchase Price above the FHA limit in your county will require an additional payment equal to any overage.
Please remember, you will also need to pay the 1st month’s rent prior to move-in
The American Dream is not a try before you buy program. We are focused on helping people that are serious about homeownership. If you are not 100% committed to becoming a homeowner, please stop reading this now and look for another alternative.
The contract to buy your Dream home requires an upfront payment equal to 10% of your future Purchase Price. This payment is a fee because it is not credited back to you when you purchase your Dream home. This insures that you are committed to buying your home because you will lose your 10% payment if you don’t buy the home.
*Please note, buying and selling a home involves many transaction costs. There is no guarantee that there will be any profit. The only thing that is guaranteed is that if you don’t buy the home you will lose your upfront 10% payment. All of it.
You will pay all closing costs when you qualify for a mortgage and purchase your Dream home. You can get an estimate of closing costs from a mortgage lender. Please note, your down payment requirement plus closing costs will not be included as part of your upfront 10% payment to The American Dream Program. It is important that you save additional funds during the life of your lease towards closing costs.
You are responsible for maintaining the home during the life of the lease and thereafter once you purchase it. Please remember, we order an inspection before we purchase the home and share it with you. If you aren’t happy with the condition of the home, we won’t purchase it.
As an additional benefit, we insure your home comes with a home warranty, covering appliances, electric, HVAC and plumbing repairs.