Easier Mortgage Access for DACA Recipients
This act aims to simplify access to home mortgages for individuals under the DACA program (Deferred Action for Childhood Arrivals). It means their DACA status will no longer be a barrier to obtaining FHA mortgage insurance, Rural Housing Service loans, or to mortgage purchases by Fannie Mae and Freddie Mac. Additionally, the act clarifies that DACA status will not affect veterans' eligibility for housing loans.
Key points
DACA recipients will be eligible for FHA-insured mortgages without restrictions based on their status.
Individuals with DACA will gain equal access to Rural Housing Service home loans.
Fannie Mae and Freddie Mac will not be able to deny mortgage purchases based on a borrower's DACA status.
Veterans who are DACA recipients will retain full eligibility for veteran housing loan benefits.
Status:
Introduced
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