By Victoria Harker | Chamber Business News
It just got easier and more affordable for Dreamers to buy a home.
Recipients of the federal DACA program, known as Dreamers, can once again apply for FHA loans, according to the Federal Housing Administration.
The program was closed to recipients for three years under the Trump administration. Recently, the FHA reversed that decision. That means Dreamers can access the popular first-time home buyer program that offers a lower down payment than most conventional loans.
“Fitting that Dreamers are once again eligible to participate in FHA loans which quite literally encapsulate the American dream of homeownership. This is welcome news with little downside to anyone involved.”
Darius Amiri, Rose Law Group Immigration Law Dept. Chair