June 17, 2019

NDM News

FHA and Deferred Action for Childhood Arrivals (DACA) Borrowers

The Department of Housing and Urban Development (HUD) has issued this letter (click here) indicating DACA recipients are ineligible for FHA financing. 

Effective with new submissions going forward, Nations Direct Mortgage will no longer allow DACA Borrowers on FHA transactions. Loans that have already been approved by Underwriting may continue. 

As a reminder, we do allow DACA borrowers on Conventional and Non-QM loans.

Kevin Gillespie – VP, Credit
Nations Direct Mortgage