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I am on H1 Visa in US . Can I get home loan to buy an studio

Posted on: 04th Apr, 2007 02:42 am
H1 Visa are isued to non-immigerant skiled workers
Kakrananil,

I don't think you can buy a studio with a home loan.
Posted on: 04th Apr, 2007 02:51 am
hi kakrananil,

a home loan/mortgage cannot be used for purchasing a studio. mortgage can be used for purchase or refinance of a residential property or it will fall under the category of commercial mortgage.

brumelle
Posted on: 04th Apr, 2007 11:52 am
Hi,
you seems thinking to use a home loan in a business. I think it is not possible for an immigrant or anybody to do such deal.
Posted on: 04th Apr, 2007 11:00 pm
hi,

home loans are given for home purpose and buying a studio with home loan not possible so plz change your mind
Posted on: 05th Apr, 2007 05:12 am
Yes!!
My brother and his wife lived here for 3 years. he had a H4 and she had a H1 and they were able to buy a house, a car, etc. Normal life! As long as you are here legally and have the financial resources.
Good Luck!
Posted on: 07th Apr, 2007 06:29 am
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