Tag: Visa Status

Diplomatic Status & Home Financing

Question: My client’s Visa status is A2, which is a Diplomat.  Will the agencies accept this status for financing? Answer: While that is an acceptable status for financing, you will need to make sure that your client does not have diplomatic immunity, as lenders will generally not take a client without waiving their immunity. This […]

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FHA Mortgage Letter 2021-12, Eligibility Requirements for Certain Non-Permanent Resident Borrowers, May 28, 2021, must be implemented for mortgages with case numbers assigned on or after July 26, 2021.

Written by: Tracey Rumsey, Staff Writer UPDATED Visa Status – Non-U.S. Citizen Guidelines – All Agency Guidance Working with clients who have not been granted permanent residency but are permitted to live and work in the US can be complex.  The reason is that the agencies offer little guidance and leave the decisions up to […]

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Expired Work Visas

Question: I have two borrowers whose current work permit (Category A18) expired and they are in the process of getting it renewed. We have documents to showing the application and pending renewal. Will this be acceptable to Fannie Mae? MC – Visa Status – Non-US Citizen – All Agency Guidance Chart Answer: The USCIS defines […]

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Is the C-08 Asylum Status Accepted by Mortgage Lenders?

Question: Our client is under a C08 Visa Status.  Will any of the agencies accept this status? MC Chart – Visa Status Reference, MC-Visa Status Terminology for Mortgage Lenders, MC Online Training Classes for Non-U.S. Citizen Borrower Lending Answer: The CO8 Visa is a temporary asylum status with an application pending for permanent asylum. This […]

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