Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for user0444017

is it possible to raise home loan for HIB visa holders?

i am an employee with Apple in Cupertino, but on H1B visa.  I have been working for 2 years now with the same cooperation. I am keen on buying a condo within a budget of 800 to a million USD. 50% of teh same will be through my personal / family resource.
Will it be possible for me to raise the balance as home loan .
PLease advise
  • November 18 2012 - San Francisco
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (3)

There are some requirement but it's possible. Try contacting Brandon Hoyles of RPM Mortgage. He is great. (BTW, zillow does not allow posting contact info)

Oggi Kashi 
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
  • November 27 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

H1B visa is an acceptable visa for obtaining a mortgage.  feel free to contact me for more details.
  • November 18 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for Connie Klemme
whether or not you can get a loan will really depend on your whole situation and it's best to just contact some lenders, visit with them. 
however...

something important to keep in mind.  When you go to sell, if your home is valued greater than $300,000 and you would still be a foreigh seller, there are consequences to the potential buyer of having to withhold a percentage of the purchase price for the IRS instead of paying it to you- there's a lot more detail to that, but you will want to know it and understand it because it may have a significant impact on whether or not you buy especially with any risk that your H1-B might not get renewed or may get renewed only once etc.  I'm wnt saying don't buy, just saying don't buy without knowing the issues you may have to deal with if you need to sell as a foreign seller.   You might find an agent in your area, that can visit with you about this in detail or maybe someone at work?? 
or just do some research.
-  look for any statistics or trends on renewals etc.   learn about selling your property as foreigner, and all that stuff before you check into getting a loan.
there are some important issues!
  • November 18 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.