Getting a mortgage on an L1 visa
Dec 15th 2014, 2:42 pm
#16
BE Site Lead
Joined: Aug 2004
Location: MA, USA
Posts: 92,172
Re: Getting a mortgage on an L1 visa
It's the history, not the score that matters. The score itself is pretty meaningless.
Dec 15th 2014, 5:50 pm
#17
L2, GC, Surrey, OH, TX!
Joined: Aug 2007
Location: Surrey to Dallas (via Ohio)!
Posts: 6,363
Re: Getting a mortgage on an L1 visa
we got our first mortgage here in 2008 exactly same position as you. L1/L2 green card applied for but not obtained.
had to jump through silly amounts of hoops during the application - but we did get it.
had to jump through silly amounts of hoops during the application - but we did get it.
Dec 16th 2014, 3:50 pm
#18
BE Enthusiast
Joined: Mar 2010
Location: Oakland County, Michigan
Posts: 846
Re: Getting a mortgage on an L1 visa
We bought our house with a FHA mortgage 4 months after we arrived on an L visa, with the FHA standard 3.5% down. We went through BoA who used a company called Landsafe to build a credit profile - we gave them details of our UK creditors and they conference called us in while they called those creditors and asked them for references, details of payment history, etc.
It's doable, but I would be very sure that you really want to stay in the area that you'll be buying. In hindsight, I probably would have chosen a different area to live in.
It's doable, but I would be very sure that you really want to stay in the area that you'll be buying. In hindsight, I probably would have chosen a different area to live in.
