permanent resident

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|

Compliance – Visa Requirements: What are the general guidelines for permanent and non-permanent status borrowers? [MC Visa Buyer Chart] [Visa Classifications that Allow You to Work in the US] [MTP™ Mortgage Loans for Non-US Citizen Clients]

Answer: Mortgage lenders will require a Visa type that allows a non-permanent resident to be here legally and work.  They will also require a social security number, which means that they are allowed to work in the US. General guidelines include: Employment Authorization Document [EAD] which is issued by the Dept. of Homeland Security (USCIS) [...]

2018-10-25T08:45:56-05:00October 25th, 2018|