Buying a house

[Smoothieon 0]

Hi! My fiancee and I just our K1 Visa petition approved, and we are starting to think of purchasing a home once she arrives. 

 

My fiancee has no established credit (obviously) and has international student loans. Will this affect us getting preapproved for loans once we are married?

 

Any help is greatly appreciated! Thanks!

 

 

[payxibka 10,045]

17 minutes ago, Smoothieon said:

Hi! My fiancee and I just our K1 Visa petition approved, and we are starting to think of purchasing a home once she arrives. 

 

My fiancee has no established credit (obviously) and has international student loans. Will this affect us getting preapproved for loans once we are married?

 

Any help is greatly appreciated! Thanks!

 

 

Only if you do it jointly 

[Limey 551]

21 hours ago, Smoothieon said:

Hi! My fiancee and I just our K1 Visa petition approved, and we are starting to think of purchasing a home once she arrives. 

 

My fiancee has no established credit (obviously) and has international student loans. Will this affect us getting preapproved for loans once we are married?

 

Any help is greatly appreciated! Thanks!

 

 

I imagine it will be very difficult to get a mortgage with no credit rating.

 

I had no credit card for the first year I was in the USA (I always just used a debit card) and then when our car lease came up for renewal we decided to do it jointly. They rejected it as I had no credit rating, so we had to do it just in my wife's name. At that point I got a credit card, just spent 100 per month on it to build up a credit rating. Next time car came up 3 years later no problem with my credit rating.

The salesman at the car dealership knew that I was a recent immigrant and so my credit might get refused (I'd told him this), but his colleague who ran it had no idea, and told our salesman that it was weird because I didn't have a bad credit rating, I had no rating at all. He thought that this was unusual for someone in their 40s (he'd never seen it before) and deduced that I was probably on the witness protection scheme.

[Jimmytho 9]

I sell houses daily, if you have credit and income apply for the mortgage yourself, if you can get approved great, your future husband/wife can be on the title anyways and will sign some documents at the closing table.  

[Smoothieon 0]

awesome! Thank you so much for the replies

[payxibka 10,045]

1 hour ago, Jimmytho said:

I sell houses daily, if you have credit and income apply for the mortgage yourself, if you can get approved great, your future husband/wife can be on the title anyways and will sign some documents at the closing table.  

Might be true in some states, certainly not my state.  

[Jimmytho 9]

That is true, try to speak with a Mortgage Loan Officer from your City to clear the question, but based on my experience just apply for the Mortgage yourself if you add your Fiance/Wife the lender will consider her credit score, income and debt. You can be approved by yourself and remember your future wife will not have permission to work in the US for a while. I just sold one with the Husband on the mortgage and the wife staying at home with the baby, the lender used only his information but as a legally married couple both parties are owners and will be in the title.

[Ryan H 3,812]

Moved from K1 Process & Procedures to Moving to the US and Your New Life In America forum.