Are you trying to buy a house in america however are not a U.S. citizen? Fannie Mae has pointers in place to assist non-citizens who’re lawful everlasting or non-permanent residents safe a mortgage beneath the identical phrases out there to U.S. residents.
Eligibility Tips:
- To be thought of legally current in america, a borrower will need to have a Social Safety Quantity (SSN) and present, verified standing. This standing will be documented by an employment authorization doc (EAD), Inexperienced Card, work visa, or different legitimate documentation.
- Debtors who meet the authorized presence standards should additionally meet all different underwriting and eligibility necessities for the mortgage to be eligible on the market to Fannie Mae. This consists of continuity of revenue necessities.
- Documentation of revenue continuity is mostly not required for many employment-related revenue sorts, comparable to base, bonus, time beyond regulation, or fee. Nevertheless, if continuity of revenue documentation is required, the borrower’s authorized standing doesn’t affect the evaluation.
- Our discretion in evaluating particular person borrower conditions and figuring out acceptable documentation for authorized presence.
- We are able to resolve what documentation to retain within the mortgage file to reveal a borrower’s authorized presence.
If you’re a non-U.S. citizen trying to buy a house in america, our pointers present a pathway to homeownership. Contact us to study extra about how one can qualify for a mortgage as a non-citizen borrower.