FHA PCF Wholesale is now accepting FHA Loans for DACA Borrowers!
FHA applications and FHA Case Number assignments dated on or after January 19, 2021, as result of a 4000.1 Handbook waiver issued by FHA, individuals classified under the Deferred Action for Childhood Arrivals (DACA) program under the U.S. Citizenship & Immigration Service (USCIS) are eligible for FHA mortgages.
The following FHA 4000.1 requirements for Non-US citizens still apply to DACA status recipients who are borrowers on FHA mortgages:
Borrowers with an EAD that has an expiration date within one (1) year from the application date and with a prior history of USCIS residency status renewal, may be assumed that continuation of their residency status will be granted. If there are no prior renewals, the underwriter must determine the likelihood of renewal based on information from USCIS.
For additional information on the new DACA Guidelines, please reach out to your PCF Account Executive.
Resource Links FHA INFO #21-04
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