can student visa foreigners buy homes in US? financing?

[Jennifer Lee]

hi BP

I need your collective experience.

I have a potential client asking if she can buy a house holding a student visa? and can she obtain financing 20% down?

she claims her friends in other states can... so asking my advise.

thanks in advance

[Account Closed]

CASH or 50% DOWN is the usual expectations of foreigners with little/no credit in the USA, as an individual or shareholder. some credit references will STILL be required for underwriting, as for a loan there must be some level of creditworthiness established in absence of FICO scores.

check into Bank of the Internet and other lenders that lend to foreign nationals.