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3 HR CE | Self-Employed, Foreign International, Down Payment Assistance Programs

August 16 @ 10:00 am - 1:00 pm

Live Zoom only 

CLICK HERE TO REGISTER  

 

Mortgage Qualifications and Rules

Self-employed buyers can still qualify for the same loan programs as traditional borrowers.

The key to a self-employed borrower successfully obtaining a mortgage is income verification. Lenders want to be sure your buyer can afford their mortgage. For the self-employed that requires some extra paperwork. These documents can include tax forms, bank statements, contracts and other records, which all help to prove your buyers ability to repay your mortgage.

Foreign Internationals find it difficult to navigate the complex home buying process when living abroad especially when they want a mortgage to finance a home. International buyers should expect larger down payment, currency conversion rate, green cards, work visa, etc.

One point to keep in mind is that the requirements for getting a home loan depend in large part on one’s residency status. Most borrowers tend to fall within one of the following groups:

Permanent residents with a green card (Form I-551)
Non-permanent residents with a valid work visa (E1, E2, H1B, H2A, H2B, H3, L1 and G1-G4)
“Foreign nationals,” whose primary residence is not in the U.S.

Let’s take a look at how the loan process differs for the self-employed and foreign internationals, and how your buyers can improve their chances of getting approved. Down payment assistance programs are available and each program has its own qualifications. 

 

Details

Date:
August 16
Time:
10:00 am - 1:00 pm
Website:
https://www.eventbrite.com/e/375430782577

Venue

Online Only
GA United States

Organizer

Cathy McDaniel
Phone:
404-550-0775 (Text)
Email:
classeswithcathy@gmail.com
View Organizer Website