J1 visa home loan

GuestPoster8407

11 January 2015 17:30:02

GuestPoster8407

11 January 2015 17:30:02

Hi,
We are a family of 4 and will be moving to Boston, MA at the end of March. We are all French ( though we are coming from Chile). I will be working at Harvard with a J1 visa for a few years though the visa has to be renewed every year ( I understood). We'd like to buy a house but from my initial inquiry it seems difficult to get a home loan with this J1 visa. Note that I already have a SSN and a reedit history ( though it's old since I last worked in the US in 2008).
Any one has had experience getting a home loan with a J1 visa ? Thanks for the information,
Best,
GuestPoster8407

special310

Member

Member since 12 January 2015

Spring Valley

special310

12 January 2015 15:12:50

special310

12 January 2015 15:12:50

Spring Valley

It might be possible to get a mortgage once you have a good credit it might be possible never know

oenos

New member

Member since 26 September 2009

portland

oenos

22 March 2016 03:38:32

oenos

22 March 2016 03:38:32

portland

Your main problem is the J1 visa. This is temporary visa without any possibility of extension once it expires (2 years mandatory stay after expiration of visa) It will be suicidal for a bank to loan money unless you have big collaterals. If you are French, open an account in Bank of The West private banking and ask them to be in relation with BNP France.

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