Build your own home through DreamBuilders, our mutual self-help housing program
Not only are our DreamBuilders homes beautiful, but the process is a one-of-a-kind life-changing experience…
The Mutual Self-Help Housing Program is designed to assist families who are unable to buy clean, safe housing through conventional methods. $0 down payment and flexible 100% financing is available for those who qualify.
Families who participate, perform approximately 65% of the construction labor, under qualified supervision, on each other’s homes. The labor that families contribute substantially reduces the cost of each home while also building equity.
Participants in the program must be willing to contribute a minimum of 30 hours per week for approximately 8 to 12 months. Family and friends can contribute up to 15 hours per week, which can count towards the 30 hours needed.
What should you expect with the program?
- Immediate equity upon completion of
- Financing provided by USDA Rural Development
- Low-Interest Rates
- Low monthly mortgage payment
- 33 – 38-year loan terms
- 2, 3, or 4-bedroom home that fits your needs
You can apply if you are:
- At least 18 years of age
- Have a steady income
- Hard-working and want to physically build your own home
- Able to devote at least 30 hours per week of labor (no experience necessary)
- Applications are evaluated on an individual basis
- Applicants must meet USDA Rural Development credit and allowable debts
“It’s just an incredible experience that you don’t forget, and then to be able to have your house that you help build, one that you are living in is just awesome.”
Credit Report Information
For each applicant, a written explanation for late payments, collections, judgments, or other derogatory items in their credit history of which they may be aware, will be needed. If you are unsure on what your credit history looks like, you can obtain a free credit report by calling 1-877-322- 8228 or logging into http://www.annualcreditreport.com. By law, individuals are entitled to receive one free credit file disclosure every 12 months from each of the nationwide consumer credit reporting companies – Equifax, Experian, and TransUnion. This free report cannot replace the credit report that the agency will obtain to determine eligibility.