Mon - Fri 10:00 am - 7:30 pm / Sat Appointment Only

DACA Loan Program:

Primary, Vacation & Investment Home Loans for DACA Recipients

Conventional

Mortgages for DACA recipients often require less documentation than FHA loans or VA loans which could speed up the overall processing time.

Clear Lending offers mortgage programs for Deferred Action for Childhood Arrivals or DACA recipients of an Employment Authorization Document or EAD card that might be right for you.

DACA status is a Visa status (C33) offered to children who were brought to the U.S. without a Visa by their parents but have been here the majority of their lives. Many of the "children" who qualified for this status are now into their adulthood. DACA was created as a way for working-age adults to obtain a Visa status that would allow them to work in the U.S.

The basic requirements to apply for a DACA Loan Program are:

- Proof of an Employment Authorization Document (EAD) issued by the U.S. Citizenship and Immigration Services (USCIS). If EAD card will expire within one year and there is a history of the existence of prior residency status renewals, underwriting can assume continued employment beyond the expiry of the EAD.

- You have a valid SSN required to validate with the Social Security Administration (SSA).
- You meet all the other general requirements (such as terms and conditions) that apply to U.S. citizens.

Loan Program Highlights:

• Purchase or refinance loans available for owner-occupants and investors of 1-4 units, townhouses, approved condos, or PUDs.
• Purchase or refinance of single-family second homes.
• Financing traditionally up to 95% (certain cases 97%) loan-to-value. Gift funds are allowed after the borrower's required contribution.
• Seller contributions allowed depending on down payment and occupancy.
• No first-time homebuyer restrictions.
• Co-signers are allowed to help buyers qualify for single-family residences.
• Conforming loan limits apply.

Benefits of DACA Loan Program:

• No mortgage insurance for 20% or higher down payment.
• Available to purchase second homes or investment properties.
• Greater loan limits than FHA loans.
• Flexible PMI options available for loans with less than 20% down payment.

Don't wait any longer and find out how much loan you can get Pre-Approved.

Whether you are considering purchasing or refinancing an existing DACA Loan Program, Clear Lending can help you. Simply complete our secure and encrypted Pre-Approval Form online, and we will contact you right away to review the best options for you.

Not all applicants will qualify. This advertisement is not an offer for an extension of credit. Please meet with a licensed loan originator for more information as programs are available only to qualified borrowers. Programs rates, fees, terms, and programs are subject to change without notice. Not all loans, loan sizes, or products may apply. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet loan-to-value requirements, and final credit approval. Approvals are subject to underwriting guidelines and program guidelines and are subject to change without notice. Some restrictions may apply.

Customers Reviews:

  • Hector Cueva • June 18, 2018

    After being denied by my credit union for a VA loan I search for someone local in the Houston area. I'm glad I found Joan, Jaqui and the whole team. They good people will take care of you never rush you in the process always guide you trough the whole process from getting a mortgage searching for a house to closing on the house. After four months of searching I'm a first time home buyer and the whole process was smooth even though I was outside of Houston, thanks to Joan and the team.

  • Carolyn De Leon • December 22, 2016

    Good afternoon Joan, thank you so much for all your hard work and patience during this journey. I know it was not easy but we made it. I hope God continues to use you to help make other people's dreams come true. You and your team have been a blessing to my family. Have a Merry Christmas and a most wonderful and prosperous New Year!!!!! Once again, Thank you and Best Regards Carolyn De Leon

  • Delma Cruz • July 22, 2020

    Joan and Patricia guide us in the process of buying our home. They worked long hours and communicated constantly to ensure the process of our purchase went as smoothly as possible. We encounter a few hurdles along the way but with their experience, we were able to close our deal with no problems. Highly recommend to VA applicants. Follow their lead and you will be in your next home soon!!!

Get Your Very Latest Rate Quote Now!

If CELL Phone number is not valid we will not email your Quote