How to Buy a House After Immigrating to the United States

Anyone who succeeds in their application for immigration will want to plant their roots, so to speak, in the US—allowing them to have a great start in their new life. Buying a house is one of the best moves to make at that period.

An immigration lawyer will also advise this move because it is one of the basic needs of an individual and their family, should the asylee wish to petition them in the future.

In this article, we will go over the things you can do to buy a house in the US after immigrating. These are simple and basic steps to get you started on your journey.

Apply for a Loan

It is one of the fastest ways for you to buy a house, even if you’re a permanent resident. The approval rate of your loan application will vary from one lender to another because of varying policies. But one of the things that they have in common is that you have to prove your residency status.

A permanent resident or a green card holder will be determined as having less risk. This is ideal if you’re looking to get a housing loan. On the other hand, it may be a bit more difficult if you have a nonpermanent status, but it is still possible. You just have to show proper documentation and authorization for your stay in the country.

Credit Score Consideration

Lenders will do a background check on the applicant, and one of the things they will look at is your credit standing. Sometimes your credit score from your home country will not get counted. Still, in some cases, it may be considered through a non-traditional credit check provided you have the proper documentation based on your credit history from your home country. Before applying for such a check, it is best to consult your immigration lawyer about the best thing to do.

Home Loan Options for Immigrants

Immigrants will have different options. Conventional mortgages are expected to be seen in the picture. It allows the immigrant to get a 1-unit primary residence which will be paid at a minimum fee depending on what type of loan they get qualified in.

FHA loans are also an option if you have a good credit score. They will require the applicant to show a 2-year work history to increase the chance of approval.

Ruby Powers Law

We specialize in immigration law and can guide you through the many avenues of the US Immigration System. We are easy to reach and are always available to provide you with expert and professional assistance in reuniting with your family in the country.

Conclusion

Getting your immigration application approved is a great achievement. This is why you have to make the most out of this opportunity that can be the way to improve yours and your family’s life altogether. Make sure to find a way to secure a home as soon as you can to be planted right and thus bear fruit in your season.

Call us at (713) 589-2085 to schedule a consultation for your immigration law inquiries. You can also visit our website at www.rubypowerslaw.com for more information on our professional services.

Source: https://www.rocketmortgage.com/learn/applying-for-mortgage-non-us-citizen