Los Angeles

[Guriqbal S.]

HI

I AM A RECENT GRADUATE AND NOW WORKING AS AN ENGINEER.

I HAVE A SSN AND MY STATUS IS F1( STUDENT)

MY SCORE IS 728 AND I HAVE 2 YR OLD CREDIT HISTORY.

I AM ALSO WILLING TO PUT 20% OR MORE DOWN.IF YES?

AT WHAT RATE OF INTEREST CAN I GET THE MONEY?

THANKS

[Candy Havlock]

All of these are good questions but unfortunately other than your 2 year credit history they will look at your work history too.  Most lenders want 1-2 years of continuous work history at one job.  They will want 2 years of tax returns, 2 months of bank statements, etc. 

What I would do is contact our lender on the website which is Bank of America or another direct lender such as Wells Fargo or a mortgage company in your area.  They can go over the requirements for a loan and also give you estimated payments that will fit your budget and will also let you know if and when you may obtain a loan to buy a home.

I wish you luck. If I can be any help please let me know.  Make sure you check with a couple lenders so you can get the best rate they offer.

My number is 661-341-1456 if you have any direct questions that I can help you with.

[Michael Hickerson]

I would add that you might find a favorable outcome at one of the local Credit Unions, and by all means check with the banks that you have an existing relationship with.

[Eric W.]

Unfortunately, you will not be able to obtain a loan due to your current status, F1. However, if your work place is willing to sponsor you for H1B, then you will be able to qualify for a loan. However, like what others have said, the lender will also need your tax returns for the past 2 years along with your bank statements.