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Help With DREAMer Client (TX)

Last fall, I had a buyer sent to me by a trusted lender. They were pre-approved and ready to go, using an FHA with downpayment assistance. At the time, the market was difficult and finding homes in their price range was tedious. Around Christmas, they decided to put it off for a year in the hopes that they could save up some money and try again this year.

In late October, he called and said they were ready to jump back in. They got back in touch with their lender and we were given the go-ahead to start looking again. We've shifted into a buyer's market, interest rates are great, everything looked perfect. We found a house last Friday, but because they were traveling to Mexico for the holiday, he asked if they could have time to talk about it. I knew it was probably safe to wait, it's a neighborhood with a dozen homes for sale, each with over 100 DOM, agents offering all kinds of incentives to get them sold- now I'm glad I agreed to wait on writing an offer.

Today, I received an email from the lender that essentially said, "oops, my bad- I forgot to verify his citizenship, he's classified as C33 and not a permanent resident alien." He gave us no alternatives, basically just said "sorry, out of luck."

I have been "in the business" for five years, but only flying solo just short of two years, so this is a first for me. Most of the info I've come across today says they can only use a conventional loan, but I've also come across conflicting info that says there are ways around it.

I am absolutely livid. I'm angry with the lender and I'm angry with myself for not thinking to ask. I just want to fix it. I'd like to know what our options are. The lender left me to break the news to them, so I'd like to be able to go back to them with a "hey, we can't do this, but we can try this." They are going to be absolutely heartbroken.

Has anyone dealt with this scenario before, do you have any advice, or are we totally out of luck?

TIA for any helpful advice.

submitted by /u/boozymctits
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source https://www.reddit.com/r/RealEstate/comments/e3nhih/help_with_dreamer_client_tx/
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