How to Get DACA Mortgage Loans in Houston?

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All the people who live in the U.S. are not the lawful resident of the country. There are some people, who came here in their childhood with their parents unlawfully and have been staying here for years. Now, when they grew up and earning in this country, they want to buy a home. But due to their unlawful entry, they fail to get approval for a home loan.

Are you also one of them? You can buy a home with a DACA status in the U.S. DACA mortgage loans Houston allow unlawful residents of the U.S. to get approval for a home loan easily. Do you have some questions about the loan? Here we have tried to answer a few for you –

  1. Is it possible to get a home loan as a DACA recipient?

It is the first question that you can have to a mortgage lender. Being a DACA recipient, you may hear that you can’t get loan approval. However, the reality is completely different. Nowadays, even the DACA recipients can apply for a home loan, get approval and fulfill their dreams of having a home. So, you don’t have to worry. All that you have to do is to find a reputable lender, who offers loans to the DACA recipients and apply for the loan immediately.

  1. Can a get a loan even after being self-employed?

Yes, you can. A self-employed person can apply for a home loan to finance a property. Some are in the concept that one needs to have more than 2 years of work history to qualify for a mortgage. But it is not true. You can be self-employed and still qualify for a home loan program as long as you meet other requirements.

  1. Do I need to complete a lot of paperwork to apply for a loan as a DACA recipient?

Not at all. Being a DACA recipient does not necessarily affect the amount of paperwork or documentation needed to get a mortgage. You don’t need to fill out additional paperwork due to their residential status. When you apply for a home loan as a DACA recipient, you will require a non-expired Employment Authorization Document (EAD) or other documentation that show your immigration status, pay stubs, employment verification, social security card, bank statements, etc. These are the basic documents required. Some lenders may ask for a few additional documents. So, it would be better to ask your lender about this and then arrange these accordingly. But keep this in mind that you don’t need to complete a lot of paperwork just for being a DACA recipient.

  1. What do I need to do first to buy a home?

Once you have made your mind to buy a home as a DACA recipient, your first step will be getting prequalified by using factors such as income, credit score, and debt. A prequalification gives you an idea of your options and how much you can afford. You can get assistance from mortgage lenders regarding this.

So, these are the general questions that a borrower can have before applying for a home loan as a DACA recipient. Once you get the answer to these questions, apply to a lender to get the loan approval.

 

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