US Home Loan Eligibility 2025: Expats & International Applicants
US Home Loan Eligibility 2025 has become more structured to include international applicants, expats, and NRIs. With demand for real estate in cities like New York, Los Angeles, Chicago, and Houston, lenders have rolled out special mortgage products designed for foreigners and expats living in the USA.
Eligibility Criteria for US Home Loan (2025)
- Applicant must have a valid work visa, green card, or long-term residence status.
- Minimum credit score of 620+ for conventional loans, 580+ for FHA loans.
- Debt-to-income ratio (DTI) below 43%.
- Minimum income requirement: $3000 per month or equivalent.
- Down payment: 20% for conventional, 3.5% for FHA loans.
- Proof of employment and stable income for at least 2 years.
Top 10 Lenders Offering US Home Loans to Expats
1. Wells Fargo Expat Mortgage
Special loans for expats in US.
Benefit: Low EMI.
2. Bank of America NRI Loan
Supports NRIs & foreigners.
Eligibility: Valid visa holders.
3. Citibank Global Mortgage
Flexible rates for expats.
Benefit: Online approval.
4. Chase International Buyers Loan
Loans for overseas buyers.
Eligibility: Non-resident applicants.
5. HSBC Premier Expat Home Loan
Global property financing.
Benefit: Multi-currency repayment.
6. US Bank Foreign National Loan
Home loans for non-US citizens.
Benefit: Quick approval.
7. TD Bank Mortgage for Expats
Friendly terms for immigrants.
Eligibility: Work permit holders.
8. PNC Bank Global Loan
Expats in US supported.
Benefit: Low down payment.
9. Capital One Expat Mortgage
Competitive interest rates.
Eligibility: Foreign residents.
10. FHA Loans for Expats
Government-backed mortgages.
Benefit: Low credit score accepted.
Required Documents
- Valid passport and visa copy.
- Proof of address in USA.
- Tax returns for last 2 years.
- Bank statements (6 months).
- Credit history (if available).
- Employment letter and salary slips.
Benefits of US Home Loans for Expats
- Chance to build credit history in USA.
- Access to affordable real estate in US cities.
- Government-backed options (FHA, VA loans).
- Long tenure repayment (up to 30 years).
- Option for joint applications with spouse.
FAQs: US Home Loan Eligibility 2025
Q1. Can foreigners buy property in USA?
Yes, foreigners and expats can apply for US home loans with valid documents.
Q2. What is the minimum down payment?
3.5% for FHA loans, 20% for conventional loans.
Q3. Can I get a US loan without a SSN?
Some lenders allow ITIN-based loans, but options are limited.
Q4. What if I lose my visa status?
Lenders may call the loan; stability is required.
Q5. Are expats eligible for refinancing?
Yes, expats can refinance existing home loans in the USA.