Mortgage with F1/H1B Visa

4 Replies

Hi everyone,

Thank you so much in advance for helping answer my question. I’m a first-time homebuyer student on an F1 visa thinking of purchasing a multifamily property in South Boston with the help of my family. I’ve messaged several lenders and was told that with an F1 visa I would need to put a 40% down payment in addition to other restrictions.

Would you know if this would change on an H1B visa or if there is another option that would give me access to better rates or allow me to put only 20% down?

Trying to understand if I should wait until my visa status changes to purchase property. Thank you again!