NAMB Advocates for Fair Access to Home Loans — What You Need to Know
- Neil Caron
- Apr 1
- 2 min read
At ReadySetLoan, we’re committed to keeping you informed about important changes that could impact your path to homeownership. Today, we want to share an update on a significant issue currently being addressed at the national level.
The National Association of Mortgage Brokers (NAMB) has sent a formal letter to FHFA Director Bill Pulte, voicing concerns over recent FHA policy changes that limit access to FHA-insured loans for non-permanent resident borrowers. NAMB is urging the FHFA not to adopt similar restrictions for Fannie Mae and Freddie Mac loans.
🐷 Why This Matters (RSL Piggy Points)
Homeownership Opportunity at Risk
Non-permanent residents who lawfully reside in the U.S., hold valid Social Security numbers, and have work authorization have historically been able to qualify for FHA and GSE-backed mortgage loans. These borrowers play a vital role in supporting the housing market and the broader economy.
FHA’s Recent Change
FHA has removed non-permanent residents from its Single-Family Title I and II loan programs—effectively cutting off access for many qualified individuals.
Potential FHFA Impact
If FHFA implements similar policies for Fannie Mae and Freddie Mac, the effects could be widespread:
Market Contraction: Fewer eligible buyers could lead to slower home sales and reduced property values.
Risk Concentration: Excluding well-qualified borrowers could skew lending portfolios.
Community Consequences: Limiting access to homeownership affects the diversity and vitality of neighborhoods.
RSL’s Perspective
At ReadySetLoan, we strongly support fair and responsible lending policies. We believe borrowers who meet standard underwriting requirements—regardless of their immigration status—should not be unfairly excluded from the opportunity to own a home.
We fully support NAMB’s request for FHFA to engage with stakeholders before considering any changes that could limit access to homeownership for non-permanent residents.
We’ll keep you updated as this situation develops. In the meantime, if you have questions about your eligibility for a home loan or want to explore your financing options, our team at ReadySetLoan is here to help guide you across the finish line.
🏁 Let ReadySetLoan be your educational partner and resource guide. Reach out today and take your first step toward homeownership with confidence!
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