Guidelines For Non-U.S. Citizen Borrowers – MortgageDepot

Are you trying to buy a house in the US however usually 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 underneath the identical phrases accessible to U.S. residents.

Eligibility Pointers:

To be thought-about legally current in the US, a borrower will need to have a Social Safety Quantity (SSN) and present, verified standing. This standing could 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 varieties, resembling base, bonus, additional time, or fee. Nevertheless, if continuity of revenue documentation is required, the borrower’s authorized standing doesn’t influence the evaluation.
Our discretion in evaluating particular person borrower conditions and figuring out applicable documentation for authorized presence.
We are able to determine what documentation to retain within the mortgage file to exhibit a borrower’s authorized presence.

If you’re a non-U.S. citizen trying to buy a house in the US, 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.