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  #1  
Old 06-12-2002, 10:03 PM
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non-citizens owning real estate ?

What is the name of your state? TN

(I've also cross posted this to the immigration law forum)

Is it possible for someone here with a green card, with a full-time job (don't know if it was sponsored or not) to buy/own real estate in the US ?

I know back in the mid-1800's an immigrant could not buy or own real estate unless they filed an intent to naturalize (my gr-gr-gr-grandfather went thru it).

Does that law still hold true in some form or is it completely gone ?

I know there are people from all over the world with property here, and corporations as well, but I was wondering how this worked ?
  #2  
Old 06-14-2002, 08:50 AM
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I know that on an FHA loan, permanent resident aliens as well as non-permanent resident aliens can get an FHA mortgage provided they have a social security number,are eligible to work in the US and owner occupy the property. Citizenship is not required for eligibility under the FHA programs. So I think the answer to your question is "Yes".
  #3  
Old 06-14-2002, 10:22 AM
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In addition, lenders that do non FHA (FNMA and Freddie too) also loan to non US citizens.
Buyers paying in cash are welcome. There may be tax and other implications on a purchase or sale.
  #4  
Old 06-14-2002, 01:41 PM
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Interesting... Thanks HUD and HG
  #5  
Old 06-17-2002, 10:36 PM
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No problem.
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