Mortgage before Green Card arrives
#31
Re: Mortgage before Green Card arrives
I got a mortgage in 2001 on an L1A with a letter from the company immigration lawyers stating that they were starting the GC process. i.e. no sign of an actual green card at that point. Oh and this was from WF, so it it for sure possible. On difference might be the downpaymnet. We put down 80% and had more than enough in documented savings to pay off the balance at any time. We only did it to establish credit. We paid it off over 3 years.
Last edited by TimFountain; Jul 27th 2016 at 10:22 pm.
#32
Re: Mortgage before Green Card arrives
The issue is likely either the green card as evidence of someone's immigrant status (as per the OP in this thread), or, that some visas, notably some E-2's, are held by people who are effectively self-employed, and that puts them in a different situation with respect to their creditworthiness and eligibility for a mortgage.