Green Card

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 [...]

2019-04-09T12:31:58-05:00April 10th, 2019|

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 [...]

2019-03-26T10:39:24-05:00March 26th, 2019|

FHA – Expired Green Card: Our applicant has an expired Green Card and was told it could take up to a year to get the new one. Will FHA accept this? [Includes Visa Status Chart]

Answer: Research on this topic reveals that long delays for Green Card renewals are a current problem.  FHA doesn’t provide details on acceptable documentation in these cases, but they do require that the borrower provide proof of lawful residency, which your borrower cannot do with only an expired Green Card.  While I can’t speak to [...]

2018-11-25T20:30:40-05:00November 25th, 2018|

Working With Visa Status Borrowers [New Chart-Visa Status Reference-New Chart-Visa StatusTerminology-New Chart-Visa Classifications That Allow You to Work in the U.S.]

By: Tammy Butler, Master CMB Working with Visa Status borrowers can be a daunting task if you are not familiar with the terminology, what statuses may work and live in the US, and how to count income and probability of income. Compound that with the lack of guidance from the agencies and the varying interpretations [...]

2018-06-01T13:04:33-05:00February 9th, 2018|