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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:

  • Juan Zaldana • April 03, 2019

    It is more than a pleasure to write this review in recognition to a work masterly well done by Joan Gallardo and his assistant Patricia Aparicio. We would be forever thankful because of them working as a knowledgeable team made our dream to own our first HOME became a marvelous reality. Now we as a family are enjoying to have our own place to live in. The road was not easy but they never gave up always giving and looking for options to take our process to end up with a happy ending and they actually did. Mission accomplished, thank you again, Joan and Patricia !!!! We definitely recommend Joan and his team at Clear Lending to anyone who really WANTS to have and live in their own houses.  Lyda and Juan

  • Ashley Magallan • August 21, 2018

    I owe it all to Joan for making our dreams come true. I never thought I would own a home, but Joan made it happen. He was there for me at all hours of the day with questions and concerns I had. Everyday he would communicate with me, on how the process was going. Joan is on top of everything and SUPER fast. If any one is the need of buying a home, I would totally recommend him!

  • Mary Jones • July 27, 2018

    Thanks Joan, Patricia and Samantha for your amazing help making the purchase of my dream house possible. I really recommend Clear Lending and its team. I remember searching for local lenders who would lend borrowers with low credit scores and I found them. I read some reviews and realized some had been in my same situation. I applied and after 67 days I closed the purchase of the cutest house! They even helped me negotiate with sellers to get them pay all closing costs. Joan I am so thankful I will refer you everyone that is in need to buy a house. I will never forget what you and your team have done for me and my family. Thanks, thanks and thanks again!!!!   

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