J1 visa home loan

Last activity 22 March 2016 by oenos

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GuestPoster8407Guest11 January 2015 15:30:02

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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

special310Member12 January 2015 13:12:50

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

oenosNew member22 March 2016 01:38:32

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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