Are you a non-U.S. citizen looking to buy a home in the United States? You might be surprised to learn that you may still qualify for an FHA loan. Let’s break down the eligibility requirements for both permanent and non-permanent resident aliens.
Permanent Resident Aliens:
Good news! If you’re a lawful permanent resident alien (green card holder), you can apply for an FHA home loan under the same terms as U.S. citizens. The lender will need to document your mortgage file with evidence of your permanent residency status, which is typically issued by the U.S. Citizenship and Immigration Services (USCIS).
Non-Permanent Resident Aliens:
Even if you’re not a permanent resident, you may still be eligible for an FHA loan, but there are some additional requirements:
- Principal Residence: The property must be your primary residence.
- Social Security Number: You must have a valid SSN.
- Work Eligibility: You need to be eligible to work in the U.S.
- Employment Authorization Document (EAD): This is required as part of your loan application package.
Important Notes on Documentation:
- Your Social Security card cannot be used as evidence of work status.
- The EAD is the key document for proving work eligibility.
- If your EAD will expire within a year, lenders may consider your history of residency status renewals. With prior renewals, they might assume continuation will be granted.
- Without prior renewals, lenders must assess the likelihood of renewal based on USCIS information.
Remember, FHA loans can be a great option for many non-U.S. citizens looking to buy a home. However, the specific requirements can be complex, so it’s always best to consult with an experienced FHA-approved lender to understand your options fully.
Whether you’re a permanent resident or on a temporary visa, don’t let your citizenship status deter you from exploring homeownership through FHA loans. You might be closer to owning a home in the U.S. than you think!