6) Major Financial Decisions

Buying a home on a visa (H-1B, L-1, etc.) is 100% legal, but the banks will be stricter.

• You are ready when you have:
  1. A 20% down payment (to avoid extra insurance costs).
  2. A Credit Score above 740 (to get the best interest rates).
  3. At least 2 years left on your visa or a pending Green Card.
• Start by getting a Pre-Approval Letter from a lender. This proves to sellers that you have the money. Look for National Banks or International Mortgage Brokers who understand visa holders.