Tag: DACA

Fannie Mae – DACA & Non-US Citizen Policy Clarified by Fannie Mae – Fact Sheet Issued for Non-Citizen Borrower Eligibility – Dated March 2019-Released on March 22, 2019

Written By: Lloyd Rutherford, Staff Writer At long last, we have finally received clarification from one of the agencies regarding lending to DACA status clients!  In this update, Fannie outlines very clearly how to assist Non-US Citizen applicants. Rule Synopsis: Fannie Mae issues their first ever Fact Sheet to provide more clarity around a topic […]

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Fannie Mae – DACA & Non-US Citizen Policy Clarified by Fannie Mae – Fact Sheet Issued for Non-Citizen Borrower Eligibility – Dated March 2019-Released on March 22, 2019

Written By: Lloyd Rutherford, Staff Writer At long last, we have finally received clarification from one of the agencies regarding lending to DACA status clients!  In this update, Fannie outlines very clearly how to assist Non-US Citizen applicants. Rule Synopsis: Fannie Mae issues their first ever Fact Sheet to provide more clarity around a topic […]

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Fannie Mae-Freddie Mac-FHA-VA & USDA: I used to be able to offer DACA Visa Status C-33 borrowers mortgage financing. My lenders now say “No”, is this true? [MC-Visa Training Part One & Two Class-Visa Terminology Chart-Visa Reference Chart]

Answer: Our experts and a subscriber accustomed to doing DACA loans reached out to multiple agencies to get their answers as to whether DACA is or is not acceptable. We have published the relevant parts of those responses under the Reference section. Since the rescission of DACA in February of 2018, the secondary markets have […]

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FHA – DACA Status Buyer: My client has a C33 (DACA Status) Visa and an Employment Authorization Document. Another lender turned her down and I’d like to know if FHA will do this loan. [Visa Status Chart-Visa Terminology-Visa Status Class]

Answer: USCIS shows DACA in an un-rescinded status. Unless that changes to rescinded, someone with DACA status and an EAD (Employment Authorization Document), is permitted to work in the US. FHA allows this type of borrower provided they meet the conditions I have outlined below.  While there is no FHA guideline that says DACA status […]

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