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22 - May
(Nearby Event: Business)
Where:ATLANTA TRAINING CAMPUS, 6251 Smithpointe Dr., Peachtree Corners, Georgia, United States
Jennine M. Hunter              Self-Employed, Foreign International Home BuyersDown Payment Assistance Mortgage Programs   Mortgage Qualifications and Rules  Self-employed buyers can still qualify for the same loan programs as traditional borrowers. The key to a self-employed borrower successfully obtaining a mortgage is income verification. Lenders want to be sure your buyer can afford their mortgage. For the self-employed that requires some extra paperwork. These documents can include tax forms, bank statements, contracts and other records, which all help to prove your buyers ability to repay your mortgage.  Foreign Internationals find it difficult to navigate the complex home buying process when living abroad especially when they want a mortgage to finance a home. International buyers should expect larger down payment, currency conversion rate, green cards, work visa, etc. One point to keep in mind is that the requirements for getting a home loan depend in large part on one's residency status. Most borrowers tend to fall within one of the following groups:  Permanent residents with a green card (Form I-551) Non-permanent residents with a valid work visa (E1, E2, H1B, H2A, H2B, H3, L1 and G1-G4) "Foreign nationals," whose primary residence is not in the U.S. Let's take a look at how the loan process differs for the self-employed and foreign internationals, and how your buyers can improve their chances of getting approved. Down payment assistance programs are available and each program has its own qualifications.  My CE Class, LLC #5914 |Expires 12/3 | 404-550-07753 Hour In-Class Course | Continuing Education | 404-550-0775   
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