Deferred Action (DACA) Recipient - Home Loan Mortgage Options

I wanted to share my knowledge and experience because I'm sure there will be others that will need to apply for a mortgage. Being a DACA recipient, most lenders will tell you that you either 1. Don't qualify for a home loan with them, or 2. Qualify only for an FHA loan or Foreign National loan. Of those two, FHA is a better way to go, though still not ideal as you'll be paying mortgage insurance (1.75% up front and .80% monthly). However, we have more options!

I found a loan officier who is passionate about helping the immigrant community, and has experience working with DACA recipients. Depending on your other qualifications, he can even approve you for a Conventional 30 year fixed loan. The interest rates will be a little higher than normal because your loan will be more difficult for the lender to sell on the secondary market. I found this to be the best option for me, and received final approval within 3 weeks of my application.

Below I'll include the loan officer's contact information. I encourage anyone looking to finance a home to get in touch with him, even for informational purposes only. If you have any questions, feel free to reply to this thread or private message me. Good luck!

-SL

Ernesto Borunda
Office: 480.719.4897
Mobile: 602.885.8112
[email protected]
www.ErnestoBorunda.com
https://www.facebook.com/DreamerFinancing

Thank you, SL! It was a pleasure to serve you. Our company recently approved a new program that improved the interest rates we can offer for DACA loans. Now is much easier to place on the secondary market. No longer higher rates with DACA.

We would love to be of service to you and your families.

Ernesto Borunda

www.DreamerHomeLoans.com

www.DACAMortgage.com

Hello everyone. I am a DACA recipient, and I want to share my story about buying a house with DACA. A few months ago, I decided to buy a home. I thought having a car loan with my local credit union wouldn’t be much of a hassle. After contacting Smart Financial Credit Union, I was surprised to learn that they no longer accept DACA for car loans nor mortgages. I found out that you must be a permanent resident or us citizen to qualify with them. I did some research and contacted a few of my local credit unions, and I got a no for an answer. Some loan officers said they would return my phone call which they never did. I contacted BB&T since they had a page designed for DACA recipients with some information regarding mortgage loans. After talking with a BB&T representative, he had no idea what I was talking about what program I mentioned. I once again was told they would return my call, but they never did.
I came across this thread and found out about Ernesto Borunda in Arizona. I was a little hesitant to call, but I did. He knows who we are and what DACA is. He was very polite and attentive the whole time. After providing him with information about financials, he was able to pre-approve me within a week. I was able to get a very low mortgage interest (though that will depend on your creditworthiness) and a closing within 45 days after selecting my home. My whole experience with First Choice has been amazing.
Ernesto and his team were always available to answer any of my questions. Give him a call and I'm sure he can guide you in the right direction for your home buying process.

Ernesto Borunda
602-8858112

You have my dad's name

Ha, these sound like a paid advertisement but I wanted to chime in. I saw the posting about Ernesto on the board before. I contacted him and he was very prompt in answering phone calls and emails. He took the time to talk to me (at least half an hour) about what my options are as I was trying to refinance out of my current home deal. Ultimately it didn't make financial sense for me to refinance with Ernesto's company and I ended up going with a local broker (i have GC now), but I wish I had found Ernesto before making my original deal.

no, is not a paid advertisement. I am not a green card holder yet and my options were very limited. This was my second home purchase. My husband and I bought a home with an itin number more than 10yrs ago, and we plan to buy more properties soon, now that we have found a lender to work with us.

These links are dead not even a year old

Thank you all for helping us share and spread the word. Even after the election, we are still able to help families with DACA buy a home.

www.DACAMortgage.com

www.DreamerHomeLoans.com

www.DreamerFinancing.com

www.DreamerHomeLoans.com

www.DreamerHomeLoan.com

www.DACAHomeLoans.com

After many years dreaming about buying our own house, my wife and I are now living the dream of owning the house of our dreams. We’re so thankful that God led us to finding Ernesto Burunda and his team to help us get a mortgage. We were able to get a home loan and finally close the purchase of a house last week.

Being a DACA recipient, means that many banks will not finance or will make it a really hard process. With Ernesto and Stacy from First Choice finance, we had an straight forward smooth experience.

If you have DACA and can afford buying a house, don’t wait another minute, call Ernesto, you will not be disappointed. This is a legit and real testimonial of a truly satisfied client. Here’s his contact info

Ernesto Borunda
Office: 480.719.4897
Mobile: 602.885.8112
[email protected]
www.ErnestoBorunda.com
https://www.facebook.com/DreamerFinancing

I've been pre approved where I live but untimely I don't think it will work out because they don't know anything about DACA. I've seen Ernesto's name in a bunch of forums related to DACA. I'm glad that you had a good experience. I will give him a call and hopefully he can help me.

Thank you for sharing.