The U.S. Department of Housing and Urban Development (HUD) recently addressed eligibility for FHA mortgage loans for Deferred Action for Childhood Arrival (DACA) recipients in Mortgagee Letter ...

-Usually a faxed request in writing with borrower’s authorization is required. Turnaround times can vary but are typically 24 to 72 hours.-The payoffs are often good to the end of the current month.

The borrower satisfies the same requirements, terms and conditions as those for U.S. citizens – This just means that all the other requirements that apply to a US Citizen, also apply to DACA ...

The borrower’s payment was due on the first day of the month. On Friday the 14th, the borrower logged on to the servicer’s website and authorized an electronic (ACH) payment.