-
Non-Permanent Residents
Living in the U.S. on a work visa or EAD? You may qualify for Conventional or FHA mortgages. Our step-by-step guide covers eligibility, documents, and next steps—built to make approval simpler. Call 800-900-8569.
-
1 Reply
-
Qualified non-permanent residents in the U.S. with a valid work visa or an Employment Authorization Document (EAD) are eligible for FHA loans, along with other types of mortgages. There are other mortgages available to Gustan Cho Associates clients, as a valid work visa or employment document is sufficient for access.
A loan for a mortgage with a work visa or EAD is accessible for many non-permanent residents. Take a glimpse at the summarized document below.
Non-Permanent Resident Mortgage
- Who qualifies: Individuals lawfully living in the U.S. with an active employment visa or EAD.
- Loan types available: Conventional loans with edge under Fannie Mae or Freddie Mac, FHA loans, eligible VA loans, and non-QM portfolio loans.
Other Document Requirements
- For Conventional and FHA Loans:Visa: Valid work visa or EAD (Form I-766 or I-765).
- 2 years of U.S. employment: (Same waiver applies for employment with the global company abroad).
- 2 yrs. of credit history: (Canadian credit checks accepted).
- Employer’s Visa: A Letter from the employer confirming that the visa is valid for less than a year, confirming the renewal.
- Proof of legal residency (Form I-797A with I-94),
- For Portfolio Loans (non-QM).
- Employment with a U.S. company or subsidiary.
- The loan amounts can range from $100,000 to $5 million.
The Rates and Terms.
- With Conventional and FHA loans on the same rates and terms.
- The down payments, like most loans, remain the same.
- However, portfolio lenders may request something different.
- Those who apply for residency as Temporary Residents are not accepted.
Those with Diplomatic Immunity
- Apply directly online at the Gustan Cho Associates website.
- You can contact me at 800-900-8569 or write to me at gcho@gustancho.com, and I’ll be happy to assist you with more detailed options.
- Please ensure you have all the necessary documents ready so we can expedite the approval process.
If buying a home on a visa or EAD is something you’re considering, this is one place to start. If you need assistance with your loan documents, I am here to help.
https://gcamortgage.com/foreign-national-mortgage-loans/
gcamortgage.com
Foreign National Mortgage Loans
Foreign National Mortgage Loans are non-QM loans offered by portfolio lenders to expats who have a work visa and work in a U.S. based company.
Log in to reply.