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Citizens and Non-Citizens

Mortgages for Citizens of U.S. Territories

 Citizens of U.S. Territories basically have the same rights as U.S. citizens therefore the same guidelines apply.  The tricky part is the same documentation is required as any other loan application, no credit report or tax returns equals no loan.  I have only run across this once in the last 20 years so if you are buying a home in Kentucky this probably isn’t an issue.  The one inquiry I had was trying to say they were going to live in the property when their job was off shore, that didn’t fly. 


Mortgages for Non-U.S. Citizens

Provided borrowers meet the regular guidelines and are in the country legally, they are eligible for the same products, programs and lending parameters (i.e., loan amount, loan-to-value, income-to-debt ratios, etc.) as a regular U.S. citizens.

If you are here legally, do not have diplomatic immunity, have tax returns, a social security number and a U.S. credit report the loan application will probably be treated just like any other application.  If you think there is an issue it is best to cover it on the front end before spending money. 

We must prove that the source of income used to qualify for the loan is likely to continue, same as any other loan application.   This is probably covered in the previous paragraph but I thought it is worth an added blurb.  If the income looks like it will not continue for at least 3 years that is a problem.

We must verify a 2 year employment and credit history using the same basic methods used for other loan applications.