Mortgage Myth #24: No, You’re Not a U.S. Citizen, So You Don’t Qualify
Non-citizens can — and do — buy homes every day. Here’s what referral partners need to know.
The Myth
“No, you’re not a U.S. citizen, so you don’t qualify.”
The Truth
Many non-U.S. citizens absolutely qualify for home loans — from green card holders, to certain visa categories, to ITIN borrowers. If you’re turning away clients - or have been turned away yourself - because they of a citizenship, you could be leaving deals — and relationships — on the table....or missing out on a home for you and your family.
Why People Believe This
It’s common to assume citizenship is required because most mortgage guidelines talk about “permanent” or “legal” residency. Without digging deeper, agents and advisors assume non-citizens can’t qualify, and buyers assume the same.
Detailed Breakdown
- Permanent Residents (Green Card Holders): Fully eligible for conventional, FHA, VA (if veteran), and USDA loans.
- Non-Permanent Residents (Visas): Many can qualify as long as their visa is valid — think H-1B, L-1, and more.
- ITIN Borrowers: For clients without Social Security numbers, ITIN loan programs exist. These often require higher down payments but are a powerful path to ownership.
- Documentation Matters: Lenders will ask for visas, work authorization, or ITIN paperwork. The key is knowing what’s required — not assuming it can’t be done.
Real-World Example
A Milwaukee Wealth Manager recently introduced us to a family on an H-1B work visa. They thought renting was their only option, but we secured financing with just 5% down. Another Realtor (R) referred a client using an ITIN — the family is now building equity instead of paying rent, which completely changed their long-term financial outlook.
The Bottom Line
Citizenship isn’t the deciding factor — eligibility, documentation, and the right loan program are. If you assume otherwise, you risk missing opportunities to serve an entire segment of clients who are eager to buy.
Ready to Serve These Clients? Or Is It You?
Don’t let this myth cost you business or a home. Reach out to me today, and let’s walk through the Path to Homeownership Plan for Non-U.S. Citizens so you can guide your clients and your life with confidence. [Contact Me →]
