Qualifying for a Mortgage as a Non-U.S. Citizen
Owning a home is still very much a part of the American dream. However, did you know that non-U.S. citizens can also enjoy this? While there are challenges to homeownership if you are not a citizen, know that lenders are open to extending credit to non-citizen homebuyers.
Let's look at how you can qualify for a home loan even when you are a foreigner residing in the U.S.
Residency Status
Permanent residents with green cards have a better chance of getting a loan since they represent less risk for lenders due to their immigration status, which indicates they are in the country for the long haul.
Nonpermanent residents may encounter more challenges getting approved since their ability to work in the U.S. is tied to their visa. However,…
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