DACA Home Loan Options

U.S. residents with DACA status – FHA is willing to approve home loans for DACA recipients – meaning they’ll get access to the low-down-payment FHA mortgage program that’s so popular with U.S. home buyers.

At Supreme Lending Dallas, we’re immensely proud to offer DACA home loans that take your home-buying dreams and turn them into a reality. With our exclusive loan program for Texas Dreamers, you can explore a consumer-friendly DACA FHA loan that introduces the opportunity for lower minimum down payments, lower credit score requirements, and more flexibility with existing debts.

Our team is dedicated to your home-buying dream. We invite you to fill out the contact form below, or contact our office so we can get started on your DACA home loan today!

For loan approval, you must satisfy both of the following criteria:

  • The property must be your primary residence
  • You must qualify under existing FHA requirements

FHA will require the following documentation:

  • Valid Social Security Number
  • Valid I-766, EAD-C33 – an Employment Authorization Document issued by US Citizenship and Immigration Service (USCIS) showing Category C-33
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What Does DACA Mean?

Deferred Action for Childhood Arrivals (DACA) is a federal program created for individuals brought to the U.S. as children who are undocumented and technically living here illegally. DACA recipients were raised in the United States and typically identify as Americans. They are also known as DREAMers because they have been granted temporary conditional residency with the right to work under the Development, Relief, and Education for Alien Minors Act. DREAMers can apply for a Social Security number, driver’s license, and work permit but aren’t granted citizenship or official legal status.

FHA Home Loan Program Requirements for DACA Recipient

The loan must be for a home that will be the borrower’s primary residence, and the DACA recipient must have:

  • Minimum 3.5% down payment
  • Credit score of 580 or higher
  • Valid Social Security number
  • Category 33 Employment Authorization Document (EAD) issued by the U.S. Citizenship and Immigration Services (USCIS)

When buying a house with DACA, any prior EAD cards that are currently expired must also be included with the DACA application.

How Can I Find Out If I’m Eligible for a FHA Home Loan for DACA Recipients?

There are over 1.4 million DREAMers that can potentially benefit from the DACA homebuying program. The eligibility requirements for DACA state that the individual:

  • Arrived in the U.S. before they were 16 or were between the ages of 14 and 31 on June 15, 2012.
  • Lived in the United States for at least five years.
  • Graduated from high school or actively served in the military.
  • Has not been charged with a felony or found guilty of multiple misdemeanors.

The Fair Housing Act forbids anyone in the real estate industry, including real estate agents, lenders, and sellers, from asking about someone’s immigration status. It also prohibits discrimination against homebuyers or sellers based on their citizenship status.

If you meet the FHA Home Loan program requirements, you can apply for a loan. Being eligible for an FHA home loan as a DACA Recipient and being approved for the loan are not the same. Loan approval is not guaranteed for everyone that is eligible, but eligibility is the first step toward homeownership.

Why Choose Supreme Lending Dallas for a FHA Home Loan if you are a DACA Recipient?

At Supreme Lending, the Loan Officers of Team Martilla have extensive experience with the DACA recipients and can guide you through the loan process. Our FHA home loan program team will ensure that all the necessary steps are complete to help make your dream of homeownership come true as quickly as possible.

Whether you found your dream house and are ready to buy, or you are just thinking about buying a house and you are a DACA recipient, it’s always a good idea to look into your options. Learn more about the types of home loans we offer — and give us a call when you’re ready to get started!

Other Frequently Asked Questions About the DACA Eligibility for Home Loans.

Here are some more common questions from other customers about buying a house if you are a DACA recipient and the loan process. You can also visit the Frequently Asked Questions page for more information.

Can You Get an FHA Loan When Buying a House With DACA?

The U.S. Department of Housing and Urban Development (HUD) recently addressed eligibility for FHA loans for Deferred Action for Childhood Arrival (DACA) recipients in Mortgagee Letter 2021-12. They clarified that as of January 19, 2021, potential borrowers who meet the qualifications for FHA home loans, and are also legally permitted to work in the U.S., are eligible to apply for mortgages backed by the FHA.

How Does the Home Loan Process Work for DACA recipients?

At Supreme Lending, we work to get you into your new home fast. Buying a house when you are a DACA recipient is basically the same as other options once you have the required information and finances in order. Here are the main steps in the loan process:

  1. FHA Home Loan Program Application – We make it easy for you to apply. Choose online, in-person, or by email, phone, or fax.
  2. Loan Set-Up – We order appraisals and send disclosures.
  3. Loan Processing – The loan processor helps you compile all the necessary documentation.
  4. Underwriting – The borrower(s) income and assets are reviewed to ensure they meet guidelines and the property is evaluated to make sure it meets Supreme Lending guidelines.
  5. Closing – From dealing with the title company to handing over the keys, these are the final steps to purchasing a home loan.

On average, it takes about 25 days to complete the process.

Make Supreme Lending Your Choice for FHA Home Loans If You Are a DACA Recipient

Thanks to updated regulations, buying a house with DACA is now easier to attain than ever. Dreamers with a minimum credit score of 620, steady employment and savings can take advantage of the FHA loan program and make owning a home a reality.

We’re proud to offer affordable rates and closing costs with quick turnaround times, so you can get the financing you need. We welcome you to talk to one of our mortgage professionals about FHA home loans for DACA recipients. Contact us to take advantage of the homebuying programs available to DACA recipients today!

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