When coming over to the US, you have a couple items to pay attention to so you can eventually get a Mortgage. I will go over the specific things to address when you move to the United States and how to be better prepared for eventually getting a Mortgage. Here they are:
Your Visa- Most likely you will be here on a Visa. You want to make sure that Visa is an approved Visa to get a mortgage. For the list of Visa's: Immigration Visa. If Your Mortgage Lender denied you for a mortggage because of your Visa, but it appears on this list, Contact Me.
Your Credit- When moving to the US, your mortgage lender wants to see stability and a payment history. Even thou you may have credit in your prior country, it will not show up on an American credit report. Unless it was an American account. So you will want to open at least 3 credit accounts. The easiest way to do this is to open a credit card account with stores such as Target, Best Buy, Conn's or a secured credit card from your bank. Use this credit card monthly, but make sure to pay it off monthly also. Or leave a small balance. If you can, getting a car loan will also be helpful. But make sure the Car loan will be reported on your Credit Report.
Job- If you are getting transferred to the US with the same job, that is great. We will just need to verify that you are going to make the same income. If you are starting a new job, we need to have 30 days worth of paystubs. If you did not work for a long period between your last job and the new one, you may have additional guidelines
Money- If you plan on moving money from your past country to the United States, you will need to document that. So if you transferred money to your bank here, we will need proof of the last 60 days of your prior bank account. Bank Statements would work. If you have cash before and are transferring that to the US, you will need to have that money here in the US for 60+ days before applying for your mortgage.
Rent- When paying your rent pay with a check. Many times a lender will want to see a payment history of your rent payments. This way you will have a record of your payments.
Conclusion: Every lender has different rules for situations like this. And this article is a general overview so you will be better prepared for any lenders requirements. Your Visa must be on the list. For Credit, it is best to have 3 credit tradelines for 12mths. But, sometimes I can get someone approved with less. Like I mentioned every lender may differ in their specific guidelines. I suggest finding a Great Mortgage Banker as soon as you move here and ask him to make a specific plan for you. That way when it comes time to buy a home you are prepared and able to get approved for your mortgage.
You can get a mortgage if you have a H1B visa, along with other type of Immigration Visas. If you are here in the United States and on a VISA you will want to know if you can get a mortgage to purchase your dream home. Below is the list of Visa's that someone can have to get a FHA or Conventional Mortgage:
H1B and H1C
L-1A and L-1B
Visa's that have requirements:
H-4:only if H-1B is on the loan
L-2: only if L-1A and/or L-1B is on the loan
P-4: only if P-1 is on the loan
R-2: only if R-1 is on the loan
TD: only if TN is on the loan
K-1:only if American citizen is on the loan also
K-2,3,4: only if American citizen is on the loan
All of these Visa's that have requirements are for spouses or children of the person with the approved visa.
Anja Drewes added Resort Certification Expertise in Second-Home and Resort Market
Sugar Land, Texas, June 23,2011 — Introduced in January 2006, the Resort and Second-Home Property Specialist (RSPS) Certification is a nationally-recognized certification awarded by the National Association of REALTORS® to real estate professionals who wish to demonstrate and promote – to consumers and their peers alike – their expertise in the varied specialty. Anja Drewes from Re/Max Elite was awarded this Certification.
Just about every market contains second-home properties, not just obvious resort areas. In addition to classic vacation homes, the niche also includes properties for investment purposes. “The RSPS certification program offers one of the most powerful networking opportunities. You will connect with agents across the country and share your local knowledge to attain referrals. In the process you will educate yourself above your competitors by attaining insight of other second home and resort areas in the United States and abroad. You can connect through the many social media sites or in person at the Resort and Second Home Symposium- the premier education and networking event for this group.”
The Ocean Star. Email me for more pictures and pricing
Just around the corner from Schlitterbahn waterpark.
Beachfront views. One bedroom, one bath. Sleeps five. Cute and airy with spectacular views. Great patio over looking the gulf. Great sunrises. Use of three pools, hot tub, weight room. Next to water slide Jungle Surf, movies, bungee jump, surf shops, restaurant, and largest fishing pier on the island.
Maravilla is on the western edge of Seawall Boulevard, a paved 7 mile walkway perfect for walking or biking while enjoy the ocean waves and the many birds. In addition, you are also close to Schlitterbahn Water Park, Moody Gardens, and downtown where you will find the Strand, the historic district, the Railroad Museum, shopping, great restaurants as well as exciting Galveston nightlife.
You will love our wicker furniture and the cozy athmosphere. We offer a full equipped kitchen and towels and linen are also provided. Watch the sunrise over the ocean every morning, from the living room, or balcony with nice patio furniture or just a few steps away on the uncrowded beach.
A TV and DVD with Movies is also there for watching your favorite movies while on the sofa and listen to the sound of the ocean. Your master bath features a tub/shower combination. The master suite has a queen bed.
There are two bunkbeds in the hallway for the kids and a sofabed in the living room. .
There is also a charcoal grill in the picnic area. Vending machine, washer and dryer on every floor, as well as an elevator for your use, covered Parking is $10.00 for the entire stay.
Torre Veiramar is located in Santo Domingo's hot spot. The elegant 10-story condominium, conveniently located on Santo Domingo's Malecon,Spectacular Ocean Views of the Caribbean Sea & it's Coastline. Terraces with Aluminum & Glass Railings. Panoramic Doors & Windows in Aluminum w/Insulated Acoustic Glass. Central Air Conditioning. Modular European Kitchens with Granite Counter Tops. Walk-in closetsFully furnished. Amenities: Pool, gym, parking spaces, 24 hr security, Concierge service
What a darling Home in the middle of First Colony. Walk to the lake and Park. One Story with 4 Bedrooms, Granite just installed, Stove, Oven, Dishwasher brandnew. New paint inside, ready for you to move in. Big family room with Fireplace and extra Formal Dining room for your special gatherings. 2012 SF, Sale Price $210,000
There are so many great neighborhoods and communities in the Houston/ Fort Bend area, and finding the right one is a challenge when you're coming from outside the region. We can help you understand all the options, from beautiful suburbs and subdivisions to city neighborhoods and specific condominiums and townhouses. We will provide you with insights into local schools, transportation, amenities and more.
Come celebrate the Annual World Yuanji Day and experience Yuanji Dance which began one thousand years ago, during the Yuan Dynasty. This Taichi and Chinese traditional dance style combined with Kung-Fu movements helps to enlighten the mind, body and soul, improve cardiovascular fitness, improve body balance and more!