You want to buy a home in the U.S., but the mortgage lenders are denying your application for a home loan program because you are not a lawful resident of the country. You have come to this country in your childhood with your parents and have lived here for years, and now, are finding it difficult to get a home loan approval. Well, opt for DACA home loan programs.
DACA mortgage loans in Houston, allow unlawful residents of the U.S. realize their dream of home ownership by ensuring a home loan approval. Are you not convinced? Do you have a few questions? To help you, here we have listed down a few questions about this loan program along with the answers –
- Can DACA recipients buy a house?
The short answer is yes. Irrespective of your residential status in the U.S. there are almost no limits on who can buy and own property in the U.S. It means DACA recipients may buy homes. That being said, a DACA recipient’s ability to secure a mortgage in the U.S. is limited and there are only a few assistance programs available to help with the purchase of a home.
- How can I get a DACA home loan?
Applying for a mortgage is not daunting. Once you find a property to purchase and a lender, you can start your application. The application will ask for some general information about your employment and income along with your personal information and details about the property in question.
During the application, you will be asked whether you are a citizen of the U.S. or a lawful permanent resident. It is important that you provide an honest answer. Along with this, you will need to provide some additional information to your lender. To get a DACA home loan, you will need – proof of your legal status to live and work in the U.S. and earnings-related documentation. The mortgage lender will use this information for determining your eligibility for a home loan, as well as your loan amount and the terms of your loan.
- What are the documents required for a DACA home loan?
Receiving DACA home loans will only be possible when you come with some documents. These documents will help to verify your employment and your residency status for potential lenders. When applying for a DACA home loan, generally, you will require your current Employment Authorization Document (EAD), Social Security Number, previous expired EAD card, bank statements, as well as additional income documents.
- What are the mortgage assistance programs available for a DACA home loan?
Currently, there are no home assistance programs specifically designed to assist dreamers to fulfill their wish of homeownership. As a DACA recipient, you may qualify for non-specific home buying programs. You can check online to know more about these.
You get the answer to most of your questions. If you have any further queries, then opt for a reputable lender who offers DACA home loan programs, and place your questions before him or her. And once you are satisfied with the answers, opt for the loan today!