Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
Lender FAQ: Are DACA recipients eligible for TSAHC's programs?
Please note: While ITIN borrowers are not eligible to use TSAHC’s DPA programs, they may be eligible for an MCC, as long as they meet all program requirements.
|
Effective Date: All locks on or after March 4, 2021 Lakeview Loan Servicing will begin to permit borrowers classified under the DACA program in the HFA conventional channel subject to the following requirements: Fannie Mae HFA Preferred (loans must contain a DU Approve/Eligible finding) product only. Use of Freddie Mac’s HFA Advantage and LPA will not be accepted for DACA borrowers. Legal residency and eligibility for work in the United States must be documented with both a current, completed I-797 form showing approved DACA status, and a current, valid EAD card with code C33 Please refer to Lakeview's Residency and Eligibility Guide on the Lender Portal for all documentation requirements of Non-U.S. Citizens. Please note: Lakeview allowed DACA recipients access to our DPA with FHA and VA loans for all applications dated on or after January 19, 2021. Also, DACA recipients can access our MCC standalone program and pair it with any type of loan. |