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Illegal Immigrant

Hi, I am an illegal immigrant with a steady job and substantial down payment... are there options for me to get a loan for a mortgage? by mari18_545_648 from Charlotte, North Carolina. May 20th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Unfortunately, there are no conforming loan products that will allow for someone here illegally to obtain a mortgage.. Hard money lenders might roll the dice, but expect a large down payment and absorbent fees... .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

May 20th 2013
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Unfortunately, in today's lending world, there are no traditional lenders that will grant a loan to someone that does not have legal residency. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

May 20th 2013
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Michael Zimmerman (MichaelZimmerman)
#60 ranked lender in Virginia - 36 contributions

I agree with the comment above, the only chance might be hard money.

May 20th 2013
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Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

look for private lender in your area

May 20th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Yes, there are foriegn national loans and the majority of the ones I know of require at least a 40% down payment.

May 20th 2013
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Thank you so much for the quick replies. I found some sites that look a little sketchy... almost too good to be true...http://www.foreignnationalmortgages.com/index.php#and alsoITIN Lending.net

May 20th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Private lender, or seller financing.

May 20th 2013
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

The company is legitimate, but your not reading it correctly.. they will lend to a foreign national, so long as they are LEGAL, either temporary visa, or work visa, just not a visitors visa.. you are not here legally, so they will not lend to you.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

May 20th 2013
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Ricardo Cobos (RicardoCobos)
#54 ranked lender in North Carolina - 10 contributions

Maria,I assume that you have a ITIN which denotes that you are like you said, you are in the country without permission to work and could be subject to deportation, which as you know is why most lenders will not give you a loan. However, unlike the other lenders, I actually do know of two lenders in North Carolina who makes loans for people with ITIN and verifiable income sources. Both are credit unions. One lender is located in Raleigh while the other is located in Durham. Both lenders will require at least a 5% down payment and will require 2 years of in state residency and verifiable work history and a credit score greater than 680.Drop me a line if you can meet those requirements and I will put you in touch with a loan officer from both places.Best of luck,Ricardo Cobos919.526.0183Mortgage Loan Officer extraordinaireNMLS 120651

May 20th 2013
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Natalya Hill (natalyahill)
#53 ranked lender in North Carolina - 11 contributions

Do you have a work visa? If so there may be some options for you

May 21st 2013
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Natalya Hill (natalyahill)
#53 ranked lender in North Carolina - 11 contributions

Do you have a work visa? If so, there may be some options.

May 21st 2013
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