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6) Major Financial Decisions
Home buying readiness and process
Buying a home on a visa (H-1B, L-1, etc.) is 100% legal, but the banks will be stricter. You are ready when you have: 1) A 20% down payment (to avoid extra insurance costs). 2) A Credit Score above 740 (to get the best interest rates). 3) At least 2 years left on your visa or a pending Green Card. Start by getting a Pre-Approval Letter from a lender. This proves to sellers that you have the money. Look for National Banks or International Mortgage Brokers who understand visa holders.
Buying a home on a visa (H-1B, L-1, etc.) is 100% legal, but the banks will be stricter.
- You are ready when you have:
- A 20% down payment (to avoid extra insurance costs).
- A Credit Score above 740 (to get the best interest rates).
- At least 2 years left on your visa or a pending Green Card.
- Start by getting a Pre-Approval Letter from a lender. This proves to sellers that you have the money. Look for National Banks or International Mortgage Brokers who understand visa holders.
Free Resource:Can You Buy a House on H1B Visa in USA?
Resources
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