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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 [...]

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 – ITIN Status: Is someone with an ITIN# eligible for an FHA loan? [MC -Visa Status Chart]

Answer: FHA requires each borrower to have a Social Security Number (see the guideline below) so borrowers with an ITIN are not eligible. Permanent resident aliens refer to someone who has a permit titled a Lawful Permanent Resident Card, otherwise known as a Green Card.  A visa holder is a non-permanent resident alien. Reference: 4000.1  II.A.1.b [...]

2019-02-21T16:24:58-05:00February 25th, 2019|