Mortgage application using extension letter

[anikkandtim 15]

Hi, I submitted application for removal of condition in Feb this year. I know it will take about a year before I get the new card. USCIS is still working on July cases. Well I just applied for a mortgage. I'm in the process of closing the house soon.my file was approve with underwriting. The mortgage is only on my name since my USC husband has recently changed his job ( not on the same line of job he got last year). 

 

In order to close for the house,y lender needs my GC. I submitted the expired GC together with the extension letter. However my lender said they can't accept the extension letter. They need unexpired GC. W

 

Anyone experience this? Can someone please help

[Michelle13 39]

I was denied being able to co-sign on our car loan due to my "expired green card." 

[anikkandtim 15]

5 minutes ago, Michelle13 said:

I was denied being able to co-sign on our car loan due to my "expired green card." 

Chances are I'll be denied too?😢😢😢

 

everything looks on my mortgage application. I got a car loan last year even without my GC. My GC took so long to arrive last year. But I was granted for a car loan, I just showed my driver's license card. But I know mortgage is harder than getting a car loan.

[nightingalejules 678]

6 hours ago, anikkandtim said:

Hi, I submitted application for removal of condition in Feb this year. I know it will take about a year before I get the new card. USCIS is still working on July cases. Well I just applied for a mortgage. I'm in the process of closing the house soon.my file was approve with underwriting. The mortgage is only on my name since my USC husband has recently changed his job ( not on the same line of job he got last year). 

 

In order to close for the house,y lender needs my GC. I submitted the expired GC together with the extension letter. However my lender said they can't accept the extension letter. They need unexpired GC. W

 

Anyone experience this? Can someone please help

I haven't experienced this (yet) but a lot of corporations and government offices (dmv etc) who won't accept the letter (even though they should) WILL accept a passport with the I-551 stamp. Make an infopass appointment at your local USCIS office and explain the situation and most officers will give you the stamp, which is effectively a new, valid green card.

That should satisfy your lender.

Let us know how it goes! (And good luck!)

[anikkandtim 15]

6 hours ago, nightingalejules said:

I haven't experienced this (yet) but a lot of corporations and government offices (dmv etc) who won't accept the letter (even though they should) WILL accept a passport with the I-551 stamp. Make an infopass appointment at your local USCIS office and explain the situation and most officers will give you the stamp, which is effectively a new, valid green card.

That should satisfy your lender.

Let us know how it goes! (And good luck!)

Ok thanks, I will update you guys. 

[roc2017 10]

 

[anikkandtim 15]

On 8/24/2017 at 0:44 PM, roc2017 said:

 

Thanks for the info

[anikkandtim 15]

On 8/23/2017 at 6:21 PM, Michelle13 said:

I was denied being able to co-sign on our car loan due to my "expired green card." 

 

On 8/24/2017 at 0:25 AM, nightingalejules said:

I haven't experienced this (yet) but a lot of corporations and government offices (dmv etc) who won't accept the letter (even though they should) WILL accept a passport with the I-551 stamp. Make an infopass appointment at your local USCIS office and explain the situation and most officers will give you the stamp, which is effectively a new, valid green card.

That should satisfy your lender.

Let us know how it goes! (And good luck!)

 

On 8/25/2017 at 9:23 PM, anikkandtim said:

Thanks for the info

Update update !!!

I went to immigration yesterday. They check my case and said Vermont is still working on cases blah blah blah. Took my passport and gave me a stamp. I wasn't even had a chance to explain why I need it. I emailed my lender and sent her a copy and voila it's accepted 😊

[nightingalejules 678]

Yay! Congratulations!

 

[AK_2014 113]

On 9/8/2017 at 11:50 AM, anikkandtim said:

 

 

Update update !!!

I went to immigration yesterday. They check my case and said Vermont is still working on cases blah blah blah. Took my passport and gave me a stamp. I wasn't even had a chance to explain why I need it. I emailed my lender and sent her a copy and voila it's accepted 😊

That's great news!

 

And thanks for updating so we know how things turned out -- it's so helpful for future VJ'ers in the same situation who may stumble across this thread in the future looking for advice.

[anikkandtim 15]

3 minutes ago, AK_2014 said:

That's great news!

 

And thanks for updating so we know how things turned out -- it's so helpful for future VJ'ers in the same situation who may stumble across this thread in the future looking for advice.

No problem. We help each other here 😊 

 

[dnp2014 44]

I am also on the same boat with Wells Fargo.  Any one have experience with Wells Fargo Underwriters ? 

 

I already explained to the loan officer. He said have to wait until the end to see what they will say about the extension letter.. 

[Ouryear 15]

On 10/3/2017 at 2:53 PM, dnp2014 said:

I am also on the same boat with Wells Fargo.  Any one have experience with Wells Fargo Underwriters ? 

 

I already explained to the loan officer. He said have to wait until the end to see what they will say about the extension letter.. 

We're are probably going to be in the same situation as we are building and plan on closing Dec/Jan by that time his GC will be expired as well.  He did just start a new job and the letter was excepted, but that could be because his GC isn't actually expired yet and don't know how lenders handle it. Could you let us know how yours turns out, and what you did?

 

We're also thinking about doing the info pass appt, but don't know if they'll do it now since technically his GC has not yet expired.

[dnp2014 44]

42 minutes ago, Ouryear said:

We're are probably going to be in the same situation as we are building and plan on closing Dec/Jan by that time his GC will be expired as well.  He did just start a new job and the letter was excepted, but that could be because his GC isn't actually expired yet and don't know how lenders handle it. Could you let us know how yours turns out, and what you did?

 

We're also thinking about doing the info pass appt, but don't know if they'll do it now since technically his GC has not yet expired.

I heard it won't be an issue if you are dealing with one of the major bank (citi,wells, chase, or BAC)..local bank or small lenders will make this as a big issue. I think they will accept your letter since it won't expire until next year. 

 

if I consider 1 year from date of letter, my letter will expire 10/11/17 . The letter just states residency is extended for 1 year. I just hope the underwriter will believe that extension is for an year from GC expiration. If they make issue then I am forced to get the stamp. 

 

Edited October 5, 2017 by dnp2014

[ColGil 126]

On 8/23/2017 at 2:43 PM, anikkandtim said:

 

In order to close for the house,y lender needs my GC. I submitted the expired GC together with the extension letter. However my lender said they can't accept the extension letter. They need unexpired GC. W

This was a condition of my mortgage (US Bank) so here's what I submitted to the underwriters:

 

photocopy of my expired GC,

photocopy of the extension letter,

a cover explaining that although the GC is expired my residency is permanent and I filed to remove the conditions of my residency on mm-dd-yy and what the USCIS current processing times state

a screenshot of the USCIS processing times, with the current time highlighted

a copy of the USCIS webpage which shows the process for having conditions removed

 

They accepted this as proof of residency.  I've attached a screenshot of the letter I sent with personal information removed.