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DACA Loan Program

Primary, Vacation & Investment Home Loans for DACA Recipients

Conventional & Government

Mortgages for DACA recipients are now available giving this community equal housing opportunities.

Clear Lending offers home loans for DACA- (Deferred Action for Childhood Arrivals) 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 US 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 US

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

- Proof of an Employment Authorization Document (EAD) issued by the US 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 US 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 96.5% (certain cases 97%) loan-to-value. Gift funds are allowed after the borrower's required contribution.
• Seller contributions are 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 for Conventional loans 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 home loan for DACA recipients in Houston, Chicago, or Fairfax County, 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:

  • David Villarreal • February 28, 2022

    I would like to thank the entire team of Clear Lending for making possible my loan after so many attempts. I read the google reviews and I was pretty impressed and so I decided to give a shot. I am so glad I trusted them the loan approval and my home search. This is a crazy market but with patience I was able to accomplish what I have been waiting for so long. I am a veteran and my scores are not the best. Nonetheless Joan, Patti and Jorge made this possible. Thanks again guys I will always be in debt to you all.

  • Stacie Killgore • October 23, 2021

    OMG there are no words to express my gratitude for what you have done for me and my family. I wasnt sure you were even going to be able to help me but I gave a shot and I am sooooo grateful I found you. Anyone in need of a dedicated loan officer and team this is the place. Thank you guys so much. I will always be in debt to you. PD: Joan, Mark says the BBQ is coming soon!!! LOL

  • Denita Hawkins • Jule 19, 2017

    Thank you Joan! You TRANSFORMED a Nightmare into a DREAM!

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