Buying a House on Conditional Green Card

[NxN 10]

@NYCruiser Glad to hear you finally managed to get approved!!

Good luck with it all

[Chris Duffy 1,257]

2 hours ago, NYCruiser said:

I note it depends on the Bank. We had a really difficult time with Citibank, NA (I could use another perjorative word that rhymes with Citibank, but don't)...The took about 3 months with multiple calls to explain to them the 2 year Green card Spousal CR1. In the end, I just told them to shove it.

 

Then I got a call from their Legal Department Section that deals with Immigration of H1B etc people. They cleared the matter up, called Underwriting and the Loan was approved.

 

Yes this IS a pain!!

My wife brought two house will having a conditional greencard, One with me and her on the note, it was fairly simple.  She purchased another one in her own name for rental and it wasn't anything out of the ordinary.

 

Stay away from banks, and the process will go a lot faster and smoother.  Go with a Mortgage lender and it  a lot faster and a lot less pain in the rear.

[KYUK 7]

We bought out house while my husband was on a conditional green card.   I did have 1 lender who told me my husband could not be on the mortgage with a green card (i knew this to be incorrect information so just moved on) I had a 2nd lender who told us that while my husband could be on the loan it would be easier not to include him and refused to move forward in the process unless we agreed to the mortgage being only in my name.  We ended up going with a mortgage lender from a local bank.  She assured us his green card was not a problem conditional or not, and she frequently worked with people in the same situation.  we went thru the process with no problem, and even received a first time home buyer grant to cover the down payment. 

[NYCruiser 423]

17 hours ago, KYUK said:

We bought out house while my husband was on a conditional green card.   I did have 1 lender who told me my husband could not be on the mortgage with a green card (i knew this to be incorrect information so just moved on) I had a 2nd lender who told us that while my husband could be on the loan it would be easier not to include him and refused to move forward in the process unless we agreed to the mortgage being only in my name.  We ended up going with a mortgage lender from a local bank.  She assured us his green card was not a problem conditional or not, and she frequently worked with people in the same situation.  we went thru the process with no problem, and even received a first time home buyer grant to cover the down payment. 

Yes it really depends on the Bank (remember Citibank was involved in the financial debacle in 2008 so they are extra careful). 

[Ouryear 15]

My Husband and I just closed on our home last week. The underwriter accepted the expired green card and extension letter with no questions asked. I think it depends not only on the mortgage company, but the underwriter as well, because even our LO wasn’t sure it would be accepted.

 

[AK_2014 113]

12 hours ago, Ouryear said:

My Husband and I just closed on our home last week. The underwriter accepted the expired green card and extension letter with no questions asked. I think it depends not only on the mortgage company, but the underwriter as well, because even our LO wasn’t sure it would be accepted.

 

It's so good to hear of a positive outcome in this situation! Congrats on your new home.