Can you apply for a loan?
2006-07-26 01:09:24 · 5 answers · asked by miami09 1 in Business & Finance ➔ Renting & Real Estate
Yes you can buy a house, even if you are not a citizen. In fact, even illegal immigrants are buying houses (whether it is right or not of course is a different thing).
SFgate.com has an interesting article you may want to read entitled "Selling illegal immigrants the American dream" that discusses how illegals are getting loans and mortgages for their homes.
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/06/15/MNGRMJEGM81.DTL
The article says:
"... a handful of banks, including some major institutions, have begun offering home-mortgage loans to people who don't have Social Security accounts. Instead, borrowers can use individual taxpayer identification numbers, or ITINs, which are used to file income tax returns. These lending programs also allow borrowers to use unconventional ways to demonstrate their creditworthiness."
All you have to do is to find a real estate agent who can help you find mortgage lenders that will lend money to you.
2006-07-26 01:16:23 · answer #1 · answered by imisidro 7 · 4⤊ 0⤋
I wouldn't buy anything if you run the risk of your Visa expiring and having to leave until it gets renewed. Most loans require you to provide a social security number. If you have that information then they probably will process the loan.
2006-07-26 08:14:18 · answer #2 · answered by thunder2sys 7 · 0⤊ 0⤋
you don't have to be a U.S. citizen to by a home or to apply for a home loan
2006-07-26 08:41:11 · answer #3 · answered by Financial Planner 1 · 0⤊ 0⤋
If you have a permanant resident card/green card you would be fine.
2006-07-26 11:06:29 · answer #4 · answered by lindsaytejeda 2 · 0⤊ 0⤋
as long as youre a permanent resident, then you shouldnt have a problem...
2006-07-26 08:12:46 · answer #5 · answered by Lola P 6 · 0⤊ 0⤋