FHA issued Mortgagee Letter 2021-09, clarifying eligibility requirements for non-permanent resident borrowers. Per the Mortgagee Letter, FHA:
- Clarified eligibility requirements for individuals participating in the Deferred Action for Childhood Arrivals (DACA) program; and
- Eliminated the requirement to obtain an Employment Authorization Document (EAD) for non-permanent resident borrowers who are citizens of the Freely Associated States (FAS), maintain lawful H-1B nonimmigrant status, and who have demonstrated stable employment.
The updates are effective with case numbers assigned on or after July 26, 2021 (lenders may, however, implement the changes immediately).
Click to view the FHA Mortgagee Letter 2021-09: https://www.tenaco.com/wp-content/uploads/2021/06/FHA-Mortgagee-Letter-2021-12-05-28-21.pdf
