DACA and Buying a House
 

Hey guys,

Do we qualify for first time home buyer loan as DACA beneficiaries? I am planning to save a lot next couple years so I can hopefully buy a house but I am wondering if we can get first time home buyer loan.

Re: DACA and Buying a House
 

Yeah, make sure you build up your credit though.

Re: DACA and Buying a House
 

Yes we technically do qualify! It's just finding a bank that's willing to give you a loan because most banks won't consider DACA/nonpermanent residents since we're considered 'riskier'. But along as you have a strong downpayment, steady income 3x the mortgage payment, and good credit, you can still make a good case if they have doubts.

Re: DACA and Buying a House
 

And most importantly, alone you might not be able to buy it, you will need a USC cosigner

Re: DACA and Buying a House
 

DACA does not keep you from applying for a home loan. Yes, you are eligible and can apply. For more information, check out https://www.facebook.com/DreamerFinancing and www.DreamerFinancing.com

Home loans for DACA (Dreamers) with as little as 3.5% down payment.

Re: DACA and Buying a House
 

You won't need a co-signor if you make enough income to afford the monthly payment.

Re: DACA and Buying a House
 

Yes, with DACA permit you are eligible for both conventional and FHA loans. Requirements vary by lender and some lenders will not accept DACA. Here are a few resources:

www.DACAMortgage.com

www.DACAHomeLoans.com

www.DREAMerHomeLoan.com

www.DREAMerHomeLoans.com

Re: DACA and Buying a House
 

Gatewayloan.com

Re: DACA and Buying a House
 

Re: DACA and Buying a House
 

I don't qualify because I make too much money with my fiance.