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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 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 U.S. Citizenship and Immigration Services (USCIS) permitting you to work in the U.S. If EAD card will expire within 1 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 greater 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 you can get Pre-Approved for.

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 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:

  • Vincent Bullen • July 10, 2017

    It was a pleasure to work with Joan and Elena at Clear Lending Mortgage. They guided us through the process step by step and were always available to answer questions. They worked with our situation, and made it possible for us to purchase our first home. I would recommend them without reservation.

  • Roberto & Irene • August 04, 2017

    I wanted to buy a second home, without having to sell my primary home in Florida. I had originally contracted another mortgage broker to help me secure a loan. I spent so much valuable time with this broker only for her to tell me that I could not obtain any financing unless I sold my house in Florida. I was so frustrated with the original broker that I decided to look online for another mortgage company. I found Clear Lending. OMG talk about professionalism, knowledgeable, and the dedication Joan from Clear Lending, and his staff that in 3 months I had a new home in Texas, without selling my home in Florida. The best part of this that under the Clear Lending umbrella I was able to get my mortgage and Real Estate agent under one roof.

  • Gema Ibett • July 31, 2017

    Our experience with Joan was phenomenal. He worked diligently throughout the holidays last year to ensure we closed as promptly as possible. Will and have definitely recommended him to anyone else that's been looking. Thanks again for everything you did!

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