FHA issued an update to their guidelines (ML 2025-09) revising residency requirements for FHA mortgages. The new guidelines only allows U.S. citizens and lawful permanent residents and removes non-permanent residents from being eligible.
From Mortgage Letter 2025-09:
“Currently, non-permanent residents are subject to immigration laws that can affect their ability to remain legally in the country. This uncertainty poses a challenge for FHA as the ability to fulfill long-term financial obligations depends on stable residency and employment.”
This is an evolving situation. I expect other government backed loans to follow suit. Stay tuned.
I am taking a quick vacation to visit my son and family in Japan. I will be back to work as fresh as a cherry blossom on April 8, 2025. (Update: I’m back from vacation!)
As expected, the Fed has decided to leave the Fed funds rate unchanged, leaving the targeted range between 4.25% and 4.5%. This rate does not directly affect mortgage interest rates, but rather influences the direction of mortgage interest rates (unless you have a home equity line of credit that is based on the prime rate).
In today’s digital world, protecting your personal and financial information is more important than ever. One of the most effective ways to safeguard yourself against identity theft and fraudulent activity is by freezing your credit. Whether you’re 
