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Can I use foreign income to qualify for a loan if I don't have a green card?

by tloss540 from , California. Mar 23rd 2017 Reply


Orlando Diaz (odiaz@guaranteemortgage.com)
#1017 ranked lender in California - 3 contributions

It all depends. What type of VISA do you have? Have you filed US Tax Returns claiming foreign income?

Mar 23rd 2017
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,917 contributions

More info needed. First, if you live here in the USA legally, and have a certain type of VISA, then there are conforming loan products which might work.. But this only addresses whether or not YOU qualify.. Now, lets talk about whether or not your income qualifies.. For income to be considered, it must be reported for 2 or more years on a US filed federal tax return (1040). If the income is coming from foreign sources, then the documentation must be converted to US dollars and must be converted into English. If this is not the case, then there are portfolio lenders out there that will lend to foreign nationals, but the down payment requirements are pretty high.. Feel free to contact me should you have further questions.. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Mar 24th 2017
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Larry Gray (lgray_312_247)
#562 ranked lender in California - 1,127 contributions

Hopefully, you got your questioned answered pretty well. For most of our standard loans we are looking to use income showing on U S Federal income tax returns. If it shows up there we likely can use it. There are portfolio loans for foreign nationals typically requiring at least a 25% down payment. I have brokered one in the past. I would be happy to provide more information in regards to that if you contact me via my profile.

Mar 24th 2017
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