Ar_home_b_search
 

Loan QuestionsThe buyer was brought over here by the U.S. government to work for one specific company because he had unique skills / abilities that no one here had and he has a 01 Visa (lets him work for this one company - if he gets fired before his permanent green card comes through I guess he has to go back to the UK), he has good credit in the UK - but no credit to speak of here in the US.  He has had 3 mortages over there.  He has "permanent employment" status with his company and is only a few months way from having a permanent green card - I guess he's been here for 16 or 17 months now. 

His down payment and income have all been verified, at this point it's all about the non-US credit history and his greencard status.  All other contingencies on the contract have been removed.  He was preapproved when the property went into escrow, but because of his Visa status I guess they will not fund the loan.

Do you have any suggestions or referrals for a loan that might be able to go through for him?  Has anyone been in this situation and how did it turn out?  Sale price is $675,000 with 20% down.  Thanks for any insight!



BIO:  Christine Wade has successfully owned and operated a Real Estate Virtual Assistant business, specializing in Real Estate Support Services, since March of 2000. I have several accreditations and have received many client testimonials over the years.  I have over 20 years of administrative experience, I am a licensed agent in California (#01442002) and I specialize in on-going, value-based services provided to real estate agents and brokers...long term relationships with my clients are my greatest success stories. I am a contributing author over at RealBlogging.com, you can read my articles that I have written, all directed towards real estate professionals, by clicking here.  I am also a fairly active participant / contributor on Active Rain...you can visit my profile page here.

Sign up to receive my blog via email! / Sign up for my own monthly Email Newsletter, "eRealty News Bites" Today

LADIES! Have you heard about the National Association of Women Real Estate Agents?

visit tracker on tumblr

 
This post has been included in California Real Estate News San Diego County, CA Real Estate News
Post is included in group: Addicted to Active Rain
Post is included in group: Mortgages
Post is included in group: Realtors®
Post is included in group: "Texas, Florida and Cali Connections"
Post is included in group: FREEDOM Office: Professionals Working from Home

2 Comments on Home Loan for Foreign National in US on O1 Visa?

MAR
18
2010
371,925 Points 2 Featured Posts Outside Blog Attended Rain Camp

Christine that is a unique situation.  I would try emailing someone like Jim Crawford.  I bet he could help.

3:59pm • #1
MAR
20
2010
153,729 Points 4 Featured Posts Localism Sponsor Called Shot Master

John - Thanks for your advice / referral.  I have a great gal here working on it with some progress right now, but if I don't get some guarantees (are there really ever any in life>) by Tuesday...I may have to call Jim!  Thanks again.

7:19pm • #2

What does the graphic say?

Leave a response…



(optional)
What does the graphic say?
 
Christine_purple Rainmaker_large

Real Estate Virtual Assistant & North San Diego County Real Estate Agent

Vista, CA

More about me…

Christine Wade

Address: Vista, CA, 92084

Office Phone: (888) 582-1087

Cell Phone: (760) 390-1641

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog

Find CA real estate agents and Vista real estate on ActiveRain.