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

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kakrananil Joined: 04 Apr 2007 Posts: 1 1.25 Dollars($)	Posted: Wed Apr 04, 2007 2:42 am    Post subject: I am on H1 Visa in US . Can I get home loan to buy an studio Like 0 Dislike 0 H1 Visa are isued to non-immigerant skiled workers
Mac_7 Guest	Posted: Wed Apr 04, 2007 2:51 am    Post subject: Like 0 Dislike 0 Kakrananil, I don't think you can buy a studio with a home loan.
brumelle Guest	Posted: Wed Apr 04, 2007 11:52 am    Post subject: Like 0 Dislike 0 Hi Kakrananil, A home loan/mortgage cannot be used for purchasing a studio. Mortgage can be used for purchase or refinance of a residential property or it will fall under the category of commercial mortgage. Brumelle
linkmanager1 Joined: 09 Mar 2007 Posts: 17 13.52 Dollars($)	Posted: Wed Apr 04, 2007 11:00 pm    Post subject: Like 0 Dislike 0 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.
heavenhack7 Joined: 05 Apr 2007 Posts: 76 1.14 Dollars($)	Posted: Thu Apr 05, 2007 5:12 am    Post subject: Like 0 Dislike 0 hi, home loans are given for home purpose and buying a studio with home loan not possible so plz change your mind
Mbrwr Guest	Posted: Sat Apr 07, 2007 6:29 am    Post subject: Like 0 Dislike 0 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! _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant

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