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E2 visa and mortgage

E2 visa and mortgage

Old Feb 7th 2009, 9:22 pm
  #1  
JGo
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Default 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?
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Old Feb 8th 2009, 2:49 am
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Default 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
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Old Feb 8th 2009, 2:50 am
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Default 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?
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Old Feb 8th 2009, 4:27 am
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Default Re: E2 visa and mortgage

Originally Posted by JAJ View Post
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?
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
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Old Feb 8th 2009, 4:28 am
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Default Re: E2 visa and mortgage

Originally Posted by JGo View Post
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?
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 ..
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Old Apr 22nd 2009, 7:54 pm
  #6  
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Default Re: E2 visa and mortgage

Originally Posted by JGo View Post
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?
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.
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