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.

Yeah, make sure you build up your credit though.

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.

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

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.

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

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

Gatewayloan.com

https://www.bbt.com/about/cra/daca.page

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