#139631 - 05/09/0701:38 AMcan non-resident qualify for a loan?
Kelingdun
Member
Registered: 10/25/06
Posts: 119
Loc: Santa Clara, California
I have a client couple, both are professionals with advanced degree. They are both on work visa, combined income 80K. They are applying for green card but have not gotten it yet.
Question: Can they qualify for a loan with no green card? What is the monthly PITI to income ratio for loan qualification now? 45%?
#139636 - 05/09/0702:12 AMRe: can non-resident qualify for a loan?
[Re: Kelingdun]
Prodigy
Veteran Member
Registered: 11/15/05
Posts: 724
Loc: Riverside County, California
I am under the impression that they could qualify with a visa, they are technically a non-resident alien right? If so they would qualify for a loan. My first stop would be Countrywide since at one point they offered loans to illegals. That's good business, emerging markets and all....
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#139684 - 05/09/0710:45 AMRe: can non-resident qualify for a loan?
[Re: Prodigy]
MaineMortgage
Member
Registered: 09/11/06
Posts: 60
Loc: Saco,Maine
There are several lender out there that will do this loan. Novastar, Citi, Wells Fargo, Bank of America, Banco Popular, and Indy Mac should be able to help you.
This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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