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FHA Loan for Visa holder

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Re: FHA Loan for Visa holder


@JVille wrote:
“The EAD card is required to substantiate work status. If the EAD card will expire within (1) year and a prior history of residency status renewals exists, the underwriter may assume that the continuation will be granted. If there are no prior renewals, the underwriter must determine the likelihood of renewal based on information from the USCIS. (this would be proof of registration for renewal in process with the USCIS website)”

How many times have you renewed?

I don't have an EAD card, and don't qualify for one, that is the issue.

 

I have not had to renew my visa yet (it is a 5 year visa) I have however submitted the necessary paperwork for my Green Card

Message 11 of 16
Valued Contributor

Re: FHA Loan for Visa holder

The rules say 3 yrs plus remaining on your Visa or proof of likelihood of renewal based on prior renewals.
Message 12 of 16
New Member

Re: FHA Loan for Visa holder


@JVille wrote:
The rules say 3 yrs plus remaining on your Visa or proof of likelihood of renewal based on prior renewals.


o The borrower satisfies the same requirements, terms and conditions as those for US
citizens. The EAD card is required to substantiate work status. If the EAD card will
expire within (1) year and a prior history of residency status renewals exists, the
underwriter may assume that the continuation will be granted. If there are no prior
renewals, the underwriter must determine the likelihood of renewal based on
information from the USCIS.

 

I see this about the EAD, but I can't find anything about needing 3 years on a Visa? With the sole exception of a first time issued E-2 visa, all US non resident work visa's are 2 years in duration

Message 13 of 16
Valued Contributor

Re: FHA Loan for Visa holder

Apparently the folks who write the Guidelines do not understand the finer points of Visas Smiley Sad
Message 14 of 16

Re: FHA Loan for Visa holder

Imagine that!!!

 

Perhaps you could book an Infopass appointment and get a kindly officer (does such a thing exist? Not in my experiance) to write a letter stating that your visa IS your emplyment atuh, and that as such you are not elligable to apply for or receive a distinct EAD card.

 

I would suggest you ask this question over at https://britishexpats.com/forum/usa-57/ too, we are a pretty knowledgeable bunch and maybe someone can come up with a better suggestion.

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Message 15 of 16
Established Contributor

Re: FHA Loan for Visa holder

I have closed several FHA loans for borrowers with Visas  i.e. (E1, E2, H1B, H2A, H2B, H3, L1 and G1-G4) or with EADs. You applied with the wrong lender.

Mortgage Banker - Since 1988 offering FHA, VA, USDA, Conventional, Jumbo and Portfolio Loan Products. Licensed in AL, AZ, CA, FL, GA, IL, IA, IN, KY, LA, MI, MO, NC, NE, NV, NJ, OH, OK, OR, PA, SC, TN, TX, VA and WI.
Message 16 of 16
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