Frequently Asked Questions
WHAT IS THE QUALIFYING CREDIT SCORE?
A middle credit score of 580 is generally the lowest score that qualifies for lender approval.
WHAT IS THE PRICE OF YOUR HOMES?
Builders of Hope homes are priced between $95,000 – $150,000. This is a market that is traditionally underserved by for nonprofit builders. The value that you will receive at this price level is unmatched.
WHERE DO YOU BUILD YOUR HOMES?
We build homes in the City of Dallas and currently do not build in the suburbs. Our focus is making the urban areas of West Dallas, Prairie Creek, and Oak Cliff attractive places to live.
ARE THERE INCOME LIMITS? MINIMUMS AND MAXIMUMS?
Yes and no. Most of the homes that Builders of Hope CDC builds are sold to individuals who qualify based on their household size and annual income.
Partnering with the City of Dallas, Builders of Hope sells homes to people who happen to earn less than the area median income. However, there are exceptions. Please see the City of Dallas income requirements.