Non-Permanent Resident Alien & DACA Changes - Update #21-04


Program Update #21-04 dated 2/1/21

NIFA is sending this Program Update to share changes announced by U.S. Bank to align with new guidelines released by the Federal Housing Administration ("FHA"), Fannie Mae and Freddie Mac ("the Agencies") for Non-Permanent Resident Aliens and Deferred Action for Childhood Arrivals ("DACA") borrowers.

Effective immediately, NIFA will adopt the new FHA, Agency and U.S. Bank guidelines for all first mortgage and second mortgage loan programs.