E2 visa and mortgage
 

Does anyone know how to get a home loan if we are have a E2 visa? Big banks are rejecting us because we are self employed. Do any small banks provide mortgages to E2 visa owners?

Re: E2 visa and mortgage
 

It's probably because you don't have credit history rather than the visa...

read the wiki on credit history...and welcome to BE :)

Re: E2 visa and mortgage
 

Is it really a good idea to buy a house in the U.S. when you have a visa that doesn't allow you to remain long term?

Re: E2 visa and mortgage
 

Thats not quite true ...There is no limit on renewal of that visa
I know a few who have been here on one for 15 years

Re: E2 visa and mortgage
 

For anybody to get a mortgage at the moment is difficult
you probably need to get a credit rating first ..try again in a year ..

Re: E2 visa and mortgage
 

I got rejected by about 50 lenders but eventually got approved with no credit history by Wachovia. My "status" is as a foreign national so the interest rate is slightly higher than other good deals around but my broker assures me that once I have been in the system for 18 months or so then I stand a better chance of shopping around and refinancing to a better deal.

Good luck. It helps if you have a good broker and realtor who will work together and bend over backwards to find the deal that will work for you.