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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Answer: FHA provides no detail on the acceptability of visas and requires the lender to determine that the borrower resides and works in the US legally and their residency status and income is stable and likely to continue for at least 3 years. We have attached our Interactive VISA Status Chart which was just released and […]
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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 […]
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