Freddie Mac’s weekly mortgage rate report (PMMS) based on a survey of mortgage interest rates from applications last week show that mortgage rates continued to move higher.
Archives for April 2019
Mortgage Rates trending higher
Filed Under: Interest Rates, Uncategorized Tagged With: interest rates, pmms
Mortgage Home Loans for Non-Citizen Borrowers
Recently Fannie Mae added clarity to their guidelines regarding non-citizen borrowers being eligible to qualify for a conventional mortgage. According to Fannie Mae, this is not a change to existing policy, it is just (much needed) clarification for lenders.
In order to be eligible, a borrower must be “legally present” in the United States. This means the borrower must have: [Read more…]
Filed Under: Residential Purchase, Uncategorized, Underwriting and Qualifying Tagged With: citizenship, daca, green card, status, visa
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