Dream Finders Homes Acquires Cherry Creek Mortgage
Dream Finders Homes, Inc., has officially completed the acquisition of Cherry Creek Mortgage, LLC (“Cherry Creek”) through its wholly owned subsidiary, Jet HomeLoans, LP (“Jet HomeLoans”). This strategic acquisition enhances Jet HomeLoans’ capabilities, further strengthening its position in the mortgage lending sector and expanding its servicing reach.
A Strategic Growth Initiative
Cherry Creek Mortgage is a well-established mortgage lending institution with a strong reputation in the industry. As a Freddie Mac and GNMA-approved lender, Cherry Creek has specialized in originating mortgage loans, particularly in the new-build construction lending sector. The acquisition, finalized on March 4, 2025, represents a pivotal step in Jet HomeLoans’ growth strategy, increasing its ability to provide comprehensive financing solutions to Dream Finders Homes’ expanding customer base.
Founded in 1986 and headquartered in Denver, Colorado, Cherry Creek Mortgage has developed into one of the nation’s premier mortgage lending platforms. Under the leadership of founder Jeff May, the company has earned a reputation as a leading originator, securitizer, and servicer of conventional and government-backed loans. Cherry Creek also offers reverse mortgages, further diversifying its lending portfolio. With this acquisition, Dream Finders Homes strengthens its foothold in the mortgage sector while integrating a highly respected lender into its operations.
Enhancing Home Financing Solutions
The addition of Cherry Creek Mortgage allows Jet HomeLoans to expand its lending capabilities, particularly in servicing. By combining Jet HomeLoans’ existing retail mortgage production with Cherry Creek’s expertise in loan servicing and regulatory compliance, Dream Finders Homes creates a more robust and diversified lending platform.
Kelley Hailstone, President of Jet HomeLoans, expressed enthusiasm about the acquisition, stating:
“We are thrilled to welcome the Cherry Creek Mortgage team to the Jet HomeLoans family. This partnership strengthens our ability to serve homebuyers by leveraging Cherry Creek’s extensive servicing expertise and industry approvals. By integrating these complementary capabilities, we are creating a more powerful mortgage platform that will enhance affordability and deliver a superior experience for our customers.”
Strategic Advisory and Legal Counsel
Jet HomeLoans was advised on the transaction by Sterling Point Advisors, Milliman, Inc.’s Mortgage Solutions team, and McGlinchey Stafford PLLC, a law firm based in New Orleans, Louisiana. These expert advisors ensured a seamless acquisition process, facilitating a smooth transition and integration of Cherry Creek Mortgage into Jet HomeLoans’ operations.
About Dream Finders Homes, Inc.
Dream Finders Homes (NYSE: DFH) is a national homebuilder headquartered in Jacksonville, Florida. The company specializes in building single-family homes across multiple regions, including the Southeast, Mid-Atlantic, and Midwest. DFH has a significant presence in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, Arizona, and the Washington, D.C. metropolitan area, covering Northern Virginia and Maryland.
DFH operates on an asset-light homebuilding model, which enables it to achieve industry-leading growth and returns. In addition to homebuilding, the company provides mortgage financing and title services through its wholly owned subsidiaries, including Jet HomeLoans.
About Jet HomeLoans, LP
Jet HomeLoans is a Florida-based independent mortgage banker approved by HUD, FHA, VA, and USDA. It operates in 13 states and has consistently delivered high-quality lending services. In 2024 alone, Jet HomeLoans originated over $2 billion in mortgage loans. As a wholly owned subsidiary of Dream Finders Homes, Jet HomeLoans plays a crucial role in providing competitive mortgage financing solutions to homebuyers across its markets.
Impact of the Acquisition
The acquisition of Cherry Creek Mortgage represents a significant milestone for Jet HomeLoans and Dream Finders Homes. By bringing Cherry Creek under its umbrella, Jet HomeLoans enhances its ability to:
- Expand its mortgage servicing portfolio – Strengthening its loan servicing and origination capabilities across a broader customer base.
- Enhance affordability for homebuyers – Providing more competitive mortgage options tailored to Dream Finders Homes’ customers.
- Leverage Cherry Creek’s expertise – Benefiting from a seasoned team with decades of experience in mortgage origination and servicing.
- Strengthen regulatory and industry positioning – Cherry Creek’s existing approvals with Freddie Mac and GNMA bolster Jet HomeLoans’ standing in the mortgage market.
