Is anyone interesting in buying a home in the future ???

Ok so I dont know if some of you have been interested in buying a home. For those who dont know we need 2 years of work history with our DACA and the correct FICO score (Every state is differe on FICO) to be able to buy a house. Anyways some of use are about to complete our 2 years of work history soon depending on when you got your DACA. Now it is very important to start building credit the safe and healthy way, many of us know that not any bank will give us a credit card. I was able to get a CapitalOne credit card a few months back when I got my DACA idk why but I got it. For those who are not able to get their CapitalOne card get the Bank of American Secure credit card. You build stronger credit with that one anyways, and remember ONLY use 30% of that card a month. Do not go out and use it all up thinking you will get good credit if you do that and pay it off at the end of the month. NO it does not work that way, here is a a link to a blog I wrote about this a few months back.

-ONLY use 30% of that card and pay it off at the end of month
-This will increase your credit and qualify you for more.


http://theincrediblefrankomilan.word...s-un-problema/


Do not hesitate to PM if you have any questions !
If anyone is interested in buying a home or selling their current home in AZ, let me know !


Your Dreamer Friend,
Franko The Realtor

This really is interesting thanks

This is awesome, I do have a few questions. My boyfriend and I want to buy a home, but where we live is really, really expensive. Average home prices are about 200k, for a single family, 3 bed, 2 bath home. I am a DACA recipient but he is a USC, with a credit score of 774 and no bad credit history, so he would be the primary on the loan. My question is we do not have 40k for a down payment since we'll be first time homebuyers (and because of our income, we don't qualify for the county's first time home buyer programs), is there any way to get out of PMI without having to pay a higher interest throughout the life of a conventional loan? I mean, I guess we could wait another year and really save up those 40k, but everyone says the interest rates can only go up, and we really want to know of there are other options we can look into. Thanks!

I hate to be old fashioned but it's a bad idea for a non-married couple to buy a house especially if one of them (you) has limited rights if all goes to shit and you break up. What's going to happen if you guys break up and you've already paid for half of the mortgage up till then? You think your USC ex-boyfriend is going to just give you your half back? Maybe he will, maybe he won't.

Even if that wasn't an issue there is nothing wrong with being a renter and for younger people looking to start their careers, the extra mobility and cash in the bank is often far more valuable as evidenced in the last recession and job searches. Being a homeowner in general is a pain in the ass so unless you don't plan on moving for at least 10 years, unless you are in a prime location, you will lose money. Add to that all the maintenance and repairs and it adds up to being very sure you want to do this and it's not just someone else's idea of "success". Owning a mortgage and success are mutually exclusive things.

I've thought about all those points, which I thank you for making. Of course we both be on the mortgage, he'd just be the primary. We do live in a great small town, which surprisingly was not hit as hard as most places when the housing market crashed. We already pay close to 1k in rent as it is, so it only makes sense that we put that money towards a mortgage and hope to gain equity. So it's not a question of success. I don't think that being married would guarantee that we stay together, though it would definitely protect me in case of a break-up. In other words, this is something we both have thought through and through, and we have the income (just not the savings, lol) to be able to afford a house payment and maintenance should a problem arise. We're also both 26, educated, fiscally responsible adults. Again, I'd like to thank you for your well-made points, because you do not often find that in real life, much less on the internet from perfect strangers.

This is out of topic, but have you guys considered getting married so that you can adjust status?

I have but I am EWI, unless the opportunity of advance parole arises, I don't have any real possibility of adjusting.

Right now is the best time to buy while the rates are low, I just need 2 years at my job and I'll be good.

Yes, you are eligible and can apply for a home loan with DACA.

There is a lending office that specializes in home loans for DACA (DREAMers). 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. Market rates. Don't pay higher interest rates; no need. They can lend in 44 states.

DACA does not keep you from applying for a home loan. Don't let anyone discourage you or tell you differently!