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FHA Loan For a Co-Borrower with a A-10 Work Permit
If a man is a permanent resident and his wife has a work permit A-10, are they eligible for an FHA loan as borrower and co-borrower? Thank you.
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1 Reply
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A husband who has permanent resident status can pair up with a wife on a category A-10 work permit and still apply for an FHA mortgage together.
- The Federal Housing Administration lets lawful permanent residents step into its loan program as though they had full U.S. citizenship.
- The man will probably show his green card Form I-551 to prove his status, and that is usually all the lender needs.
- If his credit is decent, his income holds up, and his debt picture stays within FHA lines, he may become the primary borrower.
- The wife’s A-10 work permit, formally known as an Employment Authorization Document (EAD), isn’t an exception.
- It often appears with folks under Temporary Protected Status (TPS).
- FHA rules let non-permanent resident aliens access its loan program so long as they cross a few clear hurdles.
- First, the borrower must maintain a valid EAD that permits U.S. employment.
- Second, there has to be a real promise to treat the new house as a main address.
- Of course, all the usual FHA checks on income, credit, and debt ratios still apply to someone who isn’t a citizen or green card holder.
- Oddly enough, the law never insists that a co-borrower be a permanent resident.
- The key piece is that work card.
To keep the paper trail tidy, the wife drops the live A-10, a Social Security number, and proof that she plans to stay put in the new digs. Suppose those documents stack upright, and the couple still hits the income and credit benchmarks. In that case, they step into the FHA pipeline like any other husband-and-wife team.
Yes, a husband with a Green Card and a wife holding an A-10 work permit can still land an FHA mortgage together. Both borrowers must clear the usual hurdles: decent credit, steady income, and plans to live in the home full-time.
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