Buying or refinancing a home can be a complex and daunting process, but you don’t have to do it alone. You need a trusted partner who can guide you through every step and help you achieve your goals. That’s why you need American Dream Mortgage LLC, a loan program offered by U.S. Bank.

American Dream Mortgage LLC is more than just a mortgage. It’s a comprehensive solution that provides you with assistance to cover some or all of your down payment, closing costs, required repairs or improvements, and mortgage insurance. It also offers a competitive, fixed interest rate for the life of the loan, which is 30 years.

Whether you are a first-time home buyer, a current homeowner looking to refinance, or a veteran, American Dream Mortgage LLC can help you find the best option for your situation. You can choose from different types of assistance, such as a grant, a second mortgage, or a mortgage credit certificate, depending on the program you qualify for.

To qualify for American Dream Mortgage LLC, you need to meet certain criteria, such as:

• Your income needs to be equal to or below the median income in the area you want to buy a home, or the property you are purchasing must be in a low-to-moderate income census tract. You can check median incomes by location.
• Your FICO Score must be at least 640 (or 680 if you’re interested in a property with more than one unit). If you don’t have a FICO Score, the program can use alternative credit data like your monthly rent, utility payments, income and employment information.
• Your monthly debts, including housing, need to be less than 43% of your income.
• You have to contribute at least $1,000 to the home purchase.
• You must complete a course on homebuying.

American Dream Mortgage LLC is available in 26 states: Arizona, Arkansas, California, Colorado, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, North Dakota, Ohio, Oregon, South Dakota, Tennessee, Utah, Washington, Wisconsin and Wyoming. If you don’t see your state listed, there may be other assistance programs in your area. Contact a mortgage loan officer to find out.

American Dream Mortgage LLC is not the only option for down payment assistance. There are many other programs offered by federal, state, county or local government agencies, nonprofits or employers. You can explore some of them on the U.S. Bank website or talk to a mortgage loan officer to learn more.

At U.S. Bank, we are committed to helping you achieve the American Dream Mortgage LLC of homeownership. We have the experience, the expertise, and the resources to make it happen. With American Dream Mortgage LLC, you can trust us to be your partner for home buying or refinancing. Contact us today to get started.