H-1B Mortgage Guide: How to Buy a U.S. Home in 2026
- Although FHA loans are no longer available to most non-permanent residents, H-1B visa holders can still qualify for conventional mortgages.
- Many lenders require a credit score of about 620 and at least two years of steady work history.
- Some banks and lenders specialize in mortgage programs designed specifically for foreign nationals.
If you’re in the U.S. on an H-1B visa, buying a home is possible. Many banks and lenders will issue a mortgage to non-permanent residents. Success depends on having a stable work history and a good credit score.
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Do H-1B holders qualify for a mortgage?
H-1B holders typically qualify for home loans in the U.S. To qualify, you generally need:
- Valid status: A current H-1B visa or an employment authorization document (EAD).
- Credit history: A U.S. credit score, typically 620 or higher.
- Work history: At least two years of steady employment.
- Income: Proof of your salary through pay stubs and tax forms.
However, as of May 2025, H-1B holders, and all other non-permanent residents, can no longer get loans insured by the Federal Housing Administration. These loans often required smaller down payments and were easier to qualify for. But you can still get conventional loans backed by other private and public loan companies.
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Requirements for H-1B holders to apply for a mortgage
Applying for a mortgage loan on an H-1B visa involves proving your financial stability and your legal right to stay in the U.S. Eligibility requirements can shift between banks, but most lenders look for the same core data points.
Proof of legal status
Lenders need to see that you’re legally allowed to live and work in the U.S. You’ll usually need to provide a copy of your valid H-1B visa. Some lenders may also ask for an EAD.
U.S. credit history
Your credit score tells lenders how well you manage debt. For a standard loan, you typically need a credit score of 620 or higher. If you’re new to the country and have no U.S. credit, some specialized lenders may look at your credit history from your home country.
Stable employment history
Most banks want to see that you’ve been employed for at least two years. This proves you have a steady income to pay back the loan. They’ll ask for recent pay stubs and W-2 tax forms from the last two years.
Down payment funds
You must show you have enough money saved for a down payment. While some lenders allow for less, putting 20% down can help you avoid extra monthly mortgage insurance costs.
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Steps for H-1B holders to apply for a mortgage
Buying a home involves several steps:
1. Get pre-approved by a lender
Before looking at houses, you must know how much you can borrow and for what interest rates. A mortgage officer experienced with foreign nationals will check your H-1B visa, pay stubs, and credit score.
- Cost: Usually free, but some lenders charge a small credit report fee (usually less than $30).
2. Hire a real estate agent
Your agent finds homes and handles negotiations. They ensure the purchase agreement protects your interests. Make sure your agent understands visa-related closing timelines.
- Cost: Free for buyers. The seller typically pays the agent’s commission.
3. Conduct a home inspection and appraisal
Once you find a home, you must check its condition. The lender will also order an appraisal to ensure the house is worth the loan amount. You’ll need to hire a licensed home inspector.
- Cost: Between $300 and $1,000 for inspection. Between $300 and $2,000 for appraisal.
4. Close the deal
At closing, you sign the final papers and pay your down payment.
- Cost: 2% to 5% of the loan amount (includes title insurance, taxes, and fees)
Estimated cost summary for a $500,000 home
| Step | Service Provider | Estimated Cost |
| Pre-approval | Mortgage lender | $0 to $30 |
| Inspection | Home inspector | $300 to $1,000 |
| Appraisal | Appraiser | $300 to $2,000 |
| Closing costs | Title company/attorney | $15,000 |
| Down payment | Mortgage lender | $100,000 |
Choosing a mortgage lender for H-1B visa holders
Selecting the right lender is a critical step in the home-buying process. While many banks offer mortgages, some may be better equipped to handle the needs of H-1B holders. Because they’re no longer eligible for FHA loans, H-1B holders seeking to become homeowners should focus on conventional loans or lenders specializing in foreign nationals.
1. Large national banks
These institutions offer competitive mortgage rates and a wide range of loan products.
- Best for: Borrowers with a strong U.S. credit score and work history.
2. Digital-first lenders
These lenders use technology to speed up the loan application process. Their online platforms make it easy to upload documents and track your application status.
- Best for: Professionals who want a fast, paperless experience.
3. International banks
These banks may be able to use your credit history from your home country to qualify you for a U.S. mortgage.
- Best for: New arrivals to the U.S. who have not built a high U.S. credit score.
4. Specialized lenders for foreign nationals
Some credit unions and specialized firms have specific loan programs designed for foreign professionals.
- Best for: H-1B holders who can demonstrate creditworthiness through foreign credit reports or financial records.
Buying a home as an H-1B visa holder
Your H-1B visa status is not a barrier to homeownership. While FHA rules have changed, conventional mortgages remain available to skilled professionals. By preparing your credit, saving for a down payment, and choosing a lender experienced with first-time homebuyers and visa holders, you can secure your future in the U.S.
At Manifest Law, we can guide you through the process of securing a Green Card to go with your new home. Contact Manifest Law today to learn how we can support your immigration journey.
Frequently asked questions
Do I need permanent residency (a Green Card) to buy a house?
No, you don’t need a Green Card to purchase a home or get a mortgage. As long as you have a valid visa and a U.S. Social Security number, you can qualify for the same conventional loan terms as a U.S. citizen.
Can my spouse (H-4) be on the mortgage?
Yes, your spouse can be on the mortgage, but lenders may only consider your income to qualify for the loan, since not all H-4 dependents can work.
Can I buy a house if I’m in the middle of the Green Card process?
Yes, and lenders may feel more comfortable seeing that you plan to remain in the U.S. long-term.
What happens to my mortgage if I lose my H-1B job?
If you lose your job, you generally have a 60-day grace period to find a new employer or change your residency status. You’re still responsible for your mortgage payments.
