Effective Immediately, Gateway First Bank will purchase DACA loans that are underwritten and closed for either Fannie Mae (DU) or FHA loan types. Freddie Mac, USDA, VA, and HUD-184 loans are currently not eligible. An EAD Code of “C33” – an alien who has been granted Deferred Action for Childhood Arrivals, is required for purchase. CAFA Gold 100, SETH Goldstar, and GSFA OpenDoors are available to DACA borrowers on FHA loans only.
Please direct any questions to your Regional Sales Manager