Posted over 1 year ago

The Many Visa Types That Fannie Mae Allows for Immigrants

Most people are oblivious to the many Visa types that Fannie Mae allows.

The number is actually shocking, as even I had no idea how many Fannie allows until a few weeks ago.

This means that immigrants of numerous types can qualify for Fannie Mae financing with as little as 3% down, credit scores as low as 620, and debt ratios as high as 50%.

Visa Types Fannie Mae Allows

Below is a comprehensive list of the many different types of Visas that Fannie Mae allows as well and descriptions of what each Visa is used for.

Diplomats, Foreign Government Officials, Nationals & Foreign Government Employees Visas

A Visa Series (A-1, A-2, A-3): The A Visa Series are typically issued to diplomats and foreign government officials.
E Visa Series (E-1, E-2, E-2S, E-3, E-3S (spouse), E- 3D (spouse), E-3R (returning)): Nationals of countries with a commerce treaty with the United States who are in the country to engage in substantial trade are eligible under this visa series.
G Visa Series (G-1, G-2, G-3, G-4, G-5): These Visas are issued to employees of foreign governments or international organizations residing in the United States.

Temporary Workers & Professional Employees Visas

H Visa Series (H-1B, H-1B1, H-1C, H-4): Temporary workers with specialized knowledge or skills fall under this category. H-4 Visa holders are also eligible provided the primary Visa holder (H-1B or H-1B1) is on the loan.
L Visa Series (L-1A, L-1B, L-2, L-2S): These are for professional employees working for a non-U.S. company being transferred to an American office or subsidiary, along with their dependents.

NATO, NAFTA & “Extraordinary Ability” Visas

NATO Series (NATO 1-7): Representatives, officials, and experts from NATO countries visiting on official business are eligible under this series.
TN Visa (Canadian and Mexican NAFTA series): NAFTA-specific employees for prearranged official business activities for foreign or U.S. employers fall under this category.
O Visa Series (O-1A, O-1B, O-2, O-3): Individuals with “extraordinary ability” in certain fields along with their spouse or children are categorized under this series.

Additional Types Of Visas Whose Holders Can Qualify For A Mortgage In The U.S.

J-1 Visa: Holders of this Visa may require a down payment of 20-25% for mortgage approval.
F-1 Visa: This is a student Visa, and while it’s not mentioned in the list of eligible Visas for mortgage loans, there are circumstances under which F1 Visa holders might be able to obtain a mortgage, especially if they have a solid financial background and employment authorization.
Additional types of Visas whose holders can qualify for mortgage loans in the U.S.: I, IR1, CR1, CR6, J-2, K-3, K-4, P-1A, P-1B, P-2, P-3, R1, S-1/S-2 (also coded as S-5 and S-6), S-7, T-1, T-2, T-3, T-4, U-1, U-2, U-3, U-4.