E2 Visa - 6 months in the USA - Loan advice

[Sylvain Partisotti]

Hello everyone,

My wife and I moved to the USA (Western Pa) at the end of last year on E2 visas (24 months automatically renewed while I work with the company).

We are currently renting an apartment and we are looking to buy our primary residence by the end of the year (the lease ends October 31st).

I contacted a few brokers and they all said the same:

"We can't lend you money on an E2 visa because it is too short, plus you don't have 2+ years of credit history."

Is anybody in this situation or does anyone have some advice for us?

Thank you,

S

[Paul Defngin]

@Sylvain Partisotti, as an E-2 Treaty Investor, you are eligible for conventional financing.  You're speaking to the wrong people.  Need passport with photo and Visa (if expired requires a nonexpired I-94 or Notice of Action Approval I-797 with an I-94, and EAD I-766, when applicable. Or, if qualifying with nonpassive income source, then EAD is not required. You must be employed only by the trade-qualifying company that petitioned for your E-2 status.  

As far as credit goes in the US, if you have not already started, do that now. Having US credit scores will make it a lot easier when you are ready. There are some places / vendors that you can open tradeline or tradelines - you don't need a lot, to quickly establish your credit history, and also plan forward for end of the year. Good job for thinking well in advance before your lease ends. Feel free to send a DM if you have any questions or if I can offer any guidance.