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

kakrananil · Joined: 04 Apr 2007 Posts: 1 1.25 Dollars($)

H1 Visa are isued to non-immigerant skiled workers

Guest 0.10 Dollars($)

Kakrananil,

I don't think you can buy a studio with a home loan.

Guest 0.10 Dollars($)

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: 22 13.66 Dollars($)

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: 73 0.78 Dollars($)

hi,

home loans are given for home purpose and buying a studio with home loan not possible so plz change your mind

Guest 0.10 Dollars($)

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!

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