Question about H1b Visa Renewal

[Lena Chen]

I am working on my first rental property purchase in Socal and trying to close but I have encountered some issue with the financing. My husband and I have our primary residence mortgage, and we are in escrow for a SFR cost 199,000. We are looking at conventional loan with the broker who worked with us on the primary residence. She mentioned the cost is going to be around 7,700 for everything. I think we can find a place with cheaper cost to make it a good investment. However my husband is in the process of renewing his H1B visa for another 3 years and his immigration status is currently expired. The speed that USCIS processing it is slow, as we try to shop around for lower closing cost, the other broker wouldn't accept the expired H1B visa. We are both working full time and the immigration should have no problem to renew it. I am wondering if I can find alternative financing resources which may accept the visa in renewal status. Or if it will be possible to use my income to get the loan. The broker I spoke to said it will not be possible, I don't know what debt-to-income ratio would be acceptable.

I am quite new to REI and I appreciate any thoughts or idea on this!