Return to US and buying house

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r2p2007
Posts: 11
Joined: Tue Jan 23, 2007 8:25 pm

Return to US and buying house

Post by r2p2007 »

I am currently in India and planning to return to US in few months. We have been in India for last 2 years and working in a US-based firm. Plan to return back within the same firm or another. We plan to buy a house right away in US. Will there be any problem getting a mortgage and buying right away? Credit history, etc is all good.


Thanks.
Chakraan
Posts: 1493
Joined: Thu Feb 08, 2007 2:43 pm

Return to US and buying house

Post by Chakraan »

Yes , the mortgage company will ask for last 6 months pay stub,last two years of tax return, will look for continuous job for last 3 years.

Getting approval for loan is difficult now a days.

Some bank may give you if you put heavy down payment but the rate will be slightly higher.

Best of luck.
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