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DACA Loan Program:

Primary, Vacation & Investment Home Loans

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:

  • Jim Bush • January 31, 2019

    FROM GOOGLE: I am a Disabled Veteran who found Clear Lending online. I worked with Joan and did everything over the internet without ever actually meeting him in person. This was a great expeiernce and he was wonderful and helped me with the whole process and answered any questions i had. This is an A++++ service place for loans for veterans. Would reccomend them to any veteran even with less than perfect credit. This people are awesome and Joan helped me with everything. I would suggest every veteran use him

  • David Diaz • June 09, 2016

    Great and very professional experience. They stay true to their slogan Grandiosa Experiencia muy profesional trabajo, Gracias

  • Rildon & Edis • May 04, 2017

    My wife and I had been trying to purchase a home for over two years and due to some other unforeseen issues we felt that that dream would never come true. I am grateful that we found Joan Gallardo with Clear Lending to make our dream come true. Joan was there every step of the way and two months after closing he is still there for us if we need anything or have any questions about our mortgage. Being first time buyers we were scared and nervous about the entire process but Joan made it as simple as possible and the whole experience was great. He gave us all the information we needed to make the home purchase that fit our needs and we could have not asked for a better mortgage lender. Our family is forever grateful for his hard and professionalism.

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