TAMPA, Fla – DACA recipient Joshua Contreras has at all times wished to personal a house and plans to kick off the method inside a yr.

“It has at all times been a dream and I believe it has at all times been a dream for everybody. It does not essentially imply the place you are from, or authorized standing, or financial background – the dream is at all times to purchase a home, ”he stated.

What would you prefer to know

  • FHA Coverage Modifications Now Permit Dreamers To Qualify For Loans
  • Beforehand, non-U.S. Residents with out authorized residency have been unable to qualify
  • Beneath is an inventory of what you should qualify:

Till just lately, FHA coverage prevented dreamers like Contreras from qualifying for federally backed mortgages.

This coverage modified in January when the company up to date its tips.

Till then, the wording of the coverage saved non-US residents with out authorized residency on these loans.

Credit score officer Kenneth Benitez-Aulet says many dreamers nonetheless do not know their new choices.

He says it is not talked about sufficient and nonetheless hasn’t seen a rise within the variety of Dreamers making use of for FHA loans.

“Perhaps they nonetheless do not imagine it or they’re nonetheless afraid of their scenario. There’s lots of data hole on how this property works, ”he stated.


  • A legitimate social safety quantity or qualifying employer identifier
  • USCIS Employment Authorization.
  • A minimal credit score rating of 500
  • A debt-to-income ratio of lower than 43%

“[It] makes the dream of residence possession, the American dream, somewhat simpler, ”stated Benitez-Aulet.

“Anybody who is able to purchase a home and needs to use for the FHA mortgage, this reveals a really clear message to Congress and the President that we Dreamers wish to keep on this nation and we wish to construct our lives on this nation,” stated Contreras.

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