Can non-citizens qualify for a mortgage loan ?
Each loan type has different guidelines for citizens of other countries. FHA requires that a home purchased in this country is a primary residence. A Social Security card and other documentation is required for FHA buyers. Fannie Mae requires that a borrower has permanent resident alien status – a green card. An additional down payment and a U.S. work visa are required for non-permanent resident aliens. Additionally, they must occupy the property. Freddie Mac underwrites loans for permanent and non-permanent residents alike, with no special requirements for the latter. It is important that you make an appointment with your lender before you select a home so that you will be aware of the financing available for your particular situation. Home ownership is encouraged for everyone in the U.S.
