Don’t let the political climate worry you. DACA recipients are eligible to buy a home like everyone else in America.
Some mortgage lenders have additional layers in their approval process and may turn down home buyers due to their DACA status. But that doesn’t mean your dream of owning a home has to end too!
If you have an unexpired Employment Authorization Card AND a valid Social Security Number or an Individual Taxpayer Identification Number, you qualify for a mortgage under the same terms as a U.S. citizen.
As a DACA recipient, you are considered a Non-Permanent Resident. For an FHA loan, there are four basic requirements to be eligible:
If you meet these four requirements, you are eligible for an FHA mortgage!
Dani Hernandez has been working in the mortgage business for more than 11 years specializing in underwriting and getting DACA recipients mortgage approvals. In 2006, she started originating loans and moved into underwriting in 2009. By working on both sides of the process, Dani possesses a unique understanding of the mortgage lending process compared to other industry professionals.
NewCastle Home Loans is a small but mighty mortgage lending team offering a variety of loan options. We work with home buyers and those looking to refinance their mortgages in Illinois, Indiana, Wisconsin, Iowa, Michigan, Florida, Kansas, Missouri, and Tennessee.