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AmeriDream was established in 1999 to provide down payment assistance to help qualified, prospective homebuyers purchase their own homes. Founders Christopher Russell and Ryan Hill, who began their careers in real estate and financial services, started the organization on the premise that real estate could help build strong communities and individual wealth. The organization completed its first transaction in May 1999; it has since helped about one hundred thousand low- to moderate-income individuals and families buy homes. With assistance from AmeriDream, these homebuyers can purchase property, gain equity through their homes, and ultimately achieve greater financial stability.
The information on this website is not intended as an offer or solicitation for any mortgage product or any financial instrument. The information and materials contained in this website – and the terms and conditions of the access to and use of such information and materials – are subject to change without notice. Products and services described may differ among geographic locations, offices and as a result of individual conditions. Not all products and services are offered at all locations. Needs to review the security of your connection before proceeding.
The group’s Downpayment Gift Program provides eligible buyers with up to 5 percent of the purchase price of a home for a down payment or closing costs. Participants must get approval for a mortgage that allows gift funds, register on the AmeriDream Web site, and purchase a home from a removing thumbnails from google chrome builder or seller that has enrolled with the organization. Lenders must also fill out an online application and register with AmeriDream, which wires the gift to the settlement/closing agent on the day of closing. Upon settlement, builders and sellers pay a service fee to AmeriDream.
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On January 19, 2018, Shelley D. Krohn was appointed as the successor Chapter 7 Trustee in Ameri-Dream’s bankruptcy case. The purpose of this web page is to provide information regarding Ameri-Dream’s recent bankruptcy filing to creditors and other parties-in-interest. Zillow Group is committed to ensuring digital accessibility for individuals with disabilities.