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  • Buying a House

    hello all, looking for advise. My landlord has just raised my rent again. I have been renting for 5 years now and am thinking of buying a small house. My rent is extremely high, and i worked otu that my mortgage payments will be much less. Anyway what are my chances of getting a loan or buying a house. I have a apprived I-140 and i am still waiting for my i-485 to be approved, i have I-765. It is possible to buy a house with my status
    thanks all, appreciate it very much

  • #2
    hello all, looking for advise. My landlord has just raised my rent again. I have been renting for 5 years now and am thinking of buying a small house. My rent is extremely high, and i worked otu that my mortgage payments will be much less. Anyway what are my chances of getting a loan or buying a house. I have a apprived I-140 and i am still waiting for my i-485 to be approved, i have I-765. It is possible to buy a house with my status
    thanks all, appreciate it very much

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    • #3
      You should not have any problem with the Mortgage to buy a house.
      Good luck.

      Comment


      • #4
        Sure it is possible ,if u have a good credit, but be sure 100% that u are going to get ur self legalized before buing a house. I will not involve myself in buying a house unless I have my green card in my pocket because I believe in one thing in USA i.e " Hey u never know".

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        • #5
          Hi Umesh,,,,,do they aks for proof of greencard when applying for mortgage. this is my biggest concern. thanks

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          • #6
            They just check your Credit and source of Income.
            Nothing else.
            Good luck.

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            • #7
              Thanks Umesh, you are very helpful, wish you lifes best

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              • #8
                you do not need a green card in order to buy property in the united states. the problem you might run in if you don't have one will be a higher downpayment. your approval notice should be enough to sign the documents. With the intrest rates so low and lender fighting for customers you should not have any problem.

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                • #9
                  two year's tax returns, w-2's, bank statements 2 months, current lease, and pay stubs. rule of thumb for the amount borrowed is your payments can not be higher than 30% of your gross income ( before taxes)so if you make 3 k a month your your payment can be 1000 and your loan amount can be up around 130's

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                  • #10
                    we just applied for a mortgage and they did ask for my green card. They are going to want to know your legal status. Visitor, tourist .....

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                    • #11
                      Maybe they ask for it because you look illegal. No pun intended here, but I am a mortgage broker and have NEVER asked anyone for "greencard". I ask for identification, but not greencard.

                      Stop trying to scare people Marie.

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                      • #12
                        To AMERICAN:
                        Thanks for your reply on this board. We really need people who have knowledge in different fields to give their opinion or expert advise on this Board.
                        Welcome to this Board.
                        God bless you.

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                        • #13
                          I don't know if this happens all the time, but a couple was recently denied purchasing a townhouse here because the seller does background checks prior to sales, including verifying identity, etc. This couple was illegal, got caught, and the seller would not sell them the home. Just wanted you to be aware, Nancy, and thought you might want to wait until things are approved. I'd hate for things to not go your way.

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                          • #14
                            I'm not trying to scare people. I'm just saying what happened to me.
                            They asked if I was an American citizen, that was part of the questions. When I said no, she wanted my green card. They are verifying my employement as well as my husband's.

                            And how does one look illegal??

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