Has any DREAMER bought or owns a HOUSE??? - Page 4

How are you going to pay for the 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

Just wanted to let everyone know, i was approved for Conventional loan, 5% down, 30 year loan in AZ with Academy Mortage, new built home (240k)

Im posting just to let you guys know EAD is accepted by this lender,

I own a house.

I recently bought a house.

Each lender has different rules. I called about 6 different banks and only about 3 of them did loans to non permanent resident/citizens.

To make things more complicated, I was buying an investment property where I would not live there, but intended to rent it out.

I was able to get a Conventional loan with CitiMortgage, they accept EAD.

They required 25% down payment, and 6 months worth of expenses in savings.

For a regular house where you intend to live there, you can do a conventional loan with smaller down payment. The percentage will depend on the bank.

They wanted to see things like employment history of 2 years.

I have an unique situation. I'm a DACA recipient with a great credit score, and a car on my credit history. Unfortunately, my income is only $15,000 a year due to me being a student. My parents were urging me to see if it's possible to buy a h0use for our family. Is it possible to do it in my case? They said they could put a $20-30k down payment. My brother also works and makes around $10k a year. Would him cosigning help? What kind of loan could we qualify for. Thanks!

UPDATE:
My husband I began the process of buying a house with NACA and we felt truly unfortunate when we learned that we were on the wrong path, they made us waste a lot of time as they get hundreds of applicants each month as a requirement to get funds and they clearly know that with their personnel they only can close about 4-6 cases per year. You only have appointments with them once a month and ZERO Communication until the next month to go over what you talked about the month before. I truly hope you never step in their office. After 6 months of appointments THANKS to the honesty from 2 NACA workers we were able to learn the ugly truth, they told us that they have cases over 2 years old without moving anywhere. We felt devastated after this, but decided to only stop until the day we had our own house.

Therefore, we visited BBVA COMPASS as I have over 13 years banking with them, but they couldn't help. We also consulted BANK OF AMERICA and WELLS FARGO and had no luck as all this 3 banks only accept green cards. After this we decided to visit several REALTORS from the area to buy a house through investors (PLEASE DON'T DO THIS, EVEN IF YOU FEEL TRULY DESPERATE), the numbers they gave us were truly unfair and abusive, WE FELT AS BAIT! and decided this option wasn't for us as we were considered READY TO BUY A HOME and just needed the correct bank to get a loan.

Meanwhile, through all this process we made sure to keep building PERFECT CREDIT SCORE through 2 Secured Cards. We also never stopped saving money for the Down-payment and had ZERO Debts. Thanks to GOD we ended up in the hands of CHICANOS POR LA CASA after we had the appointment with them, we learned that BMO HARRIS BANK was the only bank working with dreamers and when CPLC confirmed through documentation and checking our credits that we were ready to buy a house. They helped us that same day to get an appoinment with:

MAURICIO VALENCIA-(602) 995-6095 from BMO Harris Bank at 3100 W Indian School Rd.

On JUNE 21, 2016 we closed with BMO Harris and finally bought our own house. The interest rate is 3.25% (Locked rate) with a 30 years conventional loan, NO penalties, NO PMI and we will be paying a TOTAL of $668.23 as our Monthly Payment (this already includes Principal, Interest, Insurance, and Taxes). Our Realtor was truly impressed with this numbers

My family and I feel truly blessed and consider all the hard times we had just a lesson and part of the road to finally get to the correct place. We always promised to ourselves that if anything ended up the way it was expected we would share our story through here. IF YOU ARE A DREAMER CONSIDERING TO BUY A HOUSE IN ARIZONA PLEASE DON'T WASTE YOUR TIME AND MONEY ANYWHERE ELSE!!!

Disclosure: This is a honest message, the only intention is to help other Dreamers AVOID Scams and difficult times in the process of becoming homeowners. BMO Harris didn't paid me a dime to make this post.

WE TRULY HOPE THIS HELPS AT LEAST ONE FAMILY!!!

Please visit a BMO Harris bank, my family and I just purchased our first house through them and are truly happy. They will guide you and give you and interest rate as any other U.S. resident. If you have been working during the last 2 years and paid taxes during those 2 years and have a credit score of 730 or more, you'll be fine. You have a lot of chances of getting a very small Interest Rate as your Down-payment is strong, BMO Harris will just need a Gift Letter signed by your parents, so that $20-$30k can be used on the closing. I truly encourage you to visit as soon as possible a lender in any BMO Harris Bank they will tell you what is required, if you are missing anything, they'll guide you on the right path to be ready as soon possible to become a homeowner. Please stay away from investors and unscrupulous companies. Good luck and God bless you and your loved ones.

Hello, Dream Act loans are available on conventional format with only 3% down payment in every state. Please contact me for details. Thanks.

I hope this helps but my dad has TPS and was able to buy a modest apartment with some help from Bank of America. I believe he was rejected by Chase and Wells Fargo. He had a high 700s credit score.