If you are not a U.S. citizen, trying to get home loan financing can be a long and difficult road — though it’s not necessarily impossible. If you have a Social Security number or permanent work stability, here are some basics to help get you on the road to a mortgage.
Some important terms to know
For the purposes of getting a mortgage, U.S. citizens and permanent resident aliens are practically the same, with one subtle difference: The permanent resident alien needs a green card validating their citizenship authenticity in the U.S. It’s important to note that many lenders won’t make loans to borrowers who don’t have Social Security numbers or permanent work stability — as shown by a three-year continuance. Here’s a breakdown of the main citizenship categories: