Acceptable Visa Classifications are: Eâ€1, Gâ€2, Gâ€3, Gâ€4, Hâ€1B, Lâ€1A, Lâ€1B and
NAFTA TN for your standard Fannie/Freddie loan. If you want to buy before Oct. then you will need a foreign national program and I do have a Foreign National Program that you could possibly qualify for. The Highlights are below:
MAX Loan to Value (LTV): 65% on a Purchase
Fico Score: min 680 middle credit score
No prepayment penalty
Max DTI: 35/45
Primary and 2nd homes only
The biggest obstacle I see is the amount of Down Payment required. You would need to put down 35%.
That being said I would personally wait till October for the H-1B Visa. I believe rates will be about the same and you will have an easier process and better terms. Give me a call or email me if you have any questions or would like a rate quote.
All the best,
VP of Retail Sales
Toll free: 800-359-1996 x551
NMLS ID: 387922
Visit my webpage: http://www.totalmortgage.com/bankers/fritz-walter/
Company Website: http://www.totalmortgage.com
Total Mortgage Services, LLC - NMLS #2764
Total Mortgage offers a complete selection of mortgage programs including:
Conventional, FHA, FHA 580-639 FICO, FHA 203 Renovation (Streamline & Consultant), HomePath, VA, VA IRRL, USDA, Jumbo financing , and No Income or reduced income. Portfolio, jumbo, and conventional programs offered for self-employed borrowers as well.