DACA Mortgage

Are you eligible for a DACA mortgage?

Are you wondering if you qualify for a DACA mortgage? DACA recipients can apply for most types of mortgages as long as they can demonstrate that they are lawful, non-permanent residents of the United States.

In simple terms, as a Dreamer, you can become a homeowner if you have the necessary documentation proving your legal right to reside and work in the country.

When submitting your application, make sure to include copies of the following documents confirming your U.S. residency status:

  • Social Security Card
  • Employment Authorization Document (EAD) issued by the U.S. Citizenship and Immigration Services (USCIS). Your EAD card should indicate C33 under “Category.”

Dreamers are eligible for conventional mortgages, FHA loans, and USDA loans. The following are the latest updates from these agencies:

  • Conventional mortgages are open to DACA recipients on the same terms as U.S. citizens.
  • FHA will now accept DACA status recipients, effective January 19, 2021.
  • USDA has granted a temporary waiver valid until May 2, 2025.

It’s important to note that DACA recipients may encounter some restrictions due to their non-citizen or non-permanent resident status. Some banks may have stricter criteria, such as higher credit scores or larger down payments. Contact us we’ll give you the breakdown.

Dreamers looking to purchase a home should contact us and we’ll connect you with a knowledgeable and experienced loan officer who can assist you throughout the mortgage process and help you explore the most suitable options.

ForeignNationalLoans Blue