About this Event
LIVE ONSITE - 3 HR CE Class 11:00AM - 2:00PM
Silverton Mortgage Homeownership & Finance Education Center
175 Country Club Drive, Suite 400A, Stockbridge, GA 30281
Instructor: Terri Madden - National Director of Community Lending
Self-Employed, Foreign National Home Buyers
Down Payment Assistance Mortgage Programs
Mortgage Qualifications and Rules
Self-employed buyers can still qualify for the same loan programs as traditional borrowers. The key to a self-employed borrower successfully obtaining a mortgage is income verification. Lenders want to be sure your buyer can afford their mortgage. For the self-employed that requires some extra paperwork. These documents can include tax forms, bank statements, contracts and other records, which all help to prove your buyers ability to repay your mortgage.
Foreign Nationalsfind it difficult to navigate the complex home buying process when living abroad especially when they want a mortgage to finance a home. International buyers should expect larger down payment, currency conversion rate, green cards, work visa, etc. One point to keep in mind is that the requirements for getting a home loan depend in large part on one’s residency status. Most borrowers tend to fall within one of the following groups:
- Permanent residents with a green card (Form I-551)
- Non-permanent residents with a valid work visa (E1, E2, H1B, H2A, H2B, H3, L1 and G1-G4)
- “Foreign nationals,” whose primary residence is not in the U.S.
Let’s take a look at how the loan process differs for the self-employed and foreign internationals, and how your buyers can improve their chances of getting approved.
Downpayment assistance programs are available and each program has its own qualifications.
Sponsor: Silverton Mortgage
3 Hour In Class | Continuing Education
My CE Class, LLC - School #5914
Cathy McDaniel | [email protected]
Text: 404-550-0755 |www.classeswithcathymcdaniel.com
Event Venue & Nearby Stays
Silverton Mortgage Homeownership and Financial Education Center, 175 Country Club Drive, Stockbridge, United States
USD 0.00
