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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It never made sense to give mortgages to people on Visas like the H-1B.

The Trump administration thankfully banned the practice:

https://bankingjournal.aba.com/2025/03/trump-administration-eliminates-fha-loan-eligibility-for-non-permanent-residents/?utm_source=chatgpt.com
[/quote]

H-1B holders are still eligible for the much more popular conventional financing along with many other types of alternative mortgage financing products but nice try with your ignorant comment.[/quote]

They aren't government backed.  It's up to the lender if they want to give a temporary resident a loan.

Can't say I'd recommend it.  Pretty dumb.  I don't get it if they do.  Isn't temporary stamped on their Visa?[/quote]

Fannie and Freddie purchase loans with H1B borrowers being eligible per their guidelines. The default rates are lower with H1B holders. Why would they have overlays to make it more difficult for borrowers with lower default rates to get financing?[/quote]

It's there business I suppose.  Pretty dumb though considering.  30year mortgage with a 3year visa.[/quote]

It would only be "dumb" if the loan default rates were higher among borrowers with H1B status. There is a science behind mortgage eligibility guidelines dimwit.[/quote]

In other news scientist grappling with the term "temporary" and "immigration".

You see these are "scientific" phenomena, they're more like government policy.

Scientist have yet to be able to categorize people that don't have permanent residence.  What are they they ask?  Are they illegal aliens from space or something.[/quote]

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