5-Step DACA Loan Process
Our streamlined process is specifically designed for DACA recipients. Each step is designed to be simple, transparent, and DACA-friendly.
DACA Status Verification
Verify your DACA status and ensure all documentation is current and valid
Requirements:
- Valid DACA documentation
- Current DACA status
- Employment authorization
Income Documentation
Provide income verification using DACA-friendly documentation methods
Requirements:
- W-2 forms
- Pay stubs
- Bank statements
- Employment verification
Credit Assessment
Complete credit evaluation with alternative credit sources if needed
Requirements:
- Credit report authorization
- Alternative credit sources
- Rent payment history
Property Selection
Work with our team to find and select your ideal property
Requirements:
- Property preferences
- Budget parameters
- Location requirements
Program Approval
Final approval and lease-to-own agreement preparation
Requirements:
- All documentation verified
- Property inspection completed
- Agreement terms finalized
DACA-Specific Requirements
Understanding our DACA-specific requirements helps ensure a smooth application process. Our program is designed to work with your unique situation.
DACA Documentation
- Valid DACA approval notice
- Current employment authorization card
- Valid government-issued photo ID
- Proof of continuous DACA status
Income Requirements
- Stable employment for 2+ years
- Sufficient income to cover payments
- W-2 forms and pay stubs
- Bank statements for income verification
Credit Requirements
- Minimum 580 credit score
- Alternative credit sources accepted
- Rent payment history
- Utility payment history
Property Requirements
- Primary residence only
- Single-family homes, townhouses, condos
- Property must meet safety standards
- Homeowners insurance required
Why Choose DreamBuilder for DACA Recipients?
Our program offers unique advantages specifically designed for DACA recipients who want to achieve homeownership.
DACA-Friendly Program
Specifically designed for DACA recipients with no SSN requirement
96.5% LTV Financing
Maximum financing with only 3.5% down payment required
Flexible Credit Requirements
580 credit score minimum with alternative credit options
Government Entity Backing
Secure program with government entity backing
Equity Building
Build equity while renting, position for traditional financing
Nationwide Availability
Available in all 50 states and territories
Frequently Asked Questions
Common questions about the DreamBuilder DACA loan process.
Do I need a Social Security Number to apply?
No, DACA recipients can apply using their ITIN (Individual Taxpayer Identification Number) instead of an SSN.
What DACA documentation do I need?
You'll need your current DACA approval notice, employment authorization card, and valid government-issued photo ID.
Can I apply if my DACA status is pending renewal?
Yes, as long as your current DACA status is valid and you have proof of renewal submission.
What income documentation is required?
W-2 forms, pay stubs, bank statements, and employment verification are typically required.
Is there a minimum credit score requirement?
Yes, a minimum 580 credit score is required, but we also accept alternative credit sources.
How long does the process take?
The complete process typically takes 6-8 weeks from initial application to program approval.