H1 Housing

[legb2407]

Hi,

One question. Is it ok to be denied a house loan from a bank due to inmigration status H1-B?

Luis

[tonyiznaola]

Hi Luis,

I have attended housing seminars and read some publications about how to get a mortgage even for H1 guys like us.

Is pretty simple to get a mortgage even for ilegal alliens, the reason is because a mortgage is a secured loan by nature (you cannot take your house with you)

Ilegal immigrants, H1's and other non-permanent residents may get a mortgage loan with the difference that the interest rate will be slighty higher that citizens or permanent residents.

The reason(s) a bank denies a credit to any borrower are:
- Bad credit history (check your credit score)
- Short credit history and low income profile.

If you have a decent income (25,000 year and up)
No or low debt
Credit Score of 550 or better
You will be subject for a loan

[immihelp]

Yes, you can get house loan H1. Interest rate may be higher.