CBC Mortgage Agency Supports HUD's DACA Policy Update
HUD announces that homebuyers classified under DACA can apply for FHA mortgages
--More than one quarter of CBC Mortgage Agency's first-time homebuyers are Hispanic--
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CEDAR CITY, Utah, Jan. 21, 2021 /PRNewswire/ -- CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, welcomed the U.S. Department of Housing and Urban Development's decision to allow individuals classified under the "Deferred Action for Childhood Arrivals" program (DACA) to apply for mortgages insured by the Federal Housing Administration. Hispanics, who make up more than 85 percent of all DACA recipients, already account for over one quarter of CBCMA's borrowers.