Conditonal Resident and buying a home

[Abby&Mario 100]

On 7/10/2017 at 4:25 PM, Team_Healey said:

Nice! Please keep us updated! I hope everything works in your favor! 

 

UPDATE! We closed last Thursday. The fact that he isn't a U.S. citizen never even came up.

[TBoneTX 43,057]

You must feel great.  Thanks for the happy update.

[PeterH 0]

Evening! So my wife and I are going through the same thing. We have a loan we are meant to close on next week. It is an FHA loan. I am on a Conditional Permanent Resident Card. We are currently processing on the i-751 (we actually are getting to the end of our year extension its taking so long....) Did other people on here get approved for an FHA loan whilst on a Conditional Permanent Resident Card?

[Team_Healey 6]

Yes, we were approved while on conditions. The key for us was using a local lender and a really hard working realtor on our side. It was a long and daunting experience but when it finally wrapped up in our favor all was forgotten! Also, looks like we will be needing our stamp this coming month since it is taking way too long for my Husband's new card!

[PeterH 0]

Great! We have a local lender and love our realtor - do you have any advice or documentation how they got the underwriters to write the loan?

 

Yes - they seem to be taking a long time to process the i-751 form...I think they are only on March of last year....   

[Team_Healey 6]

All I can say is keep copies of everything requested. Sometimes they asked for the same documents over and over again. Anything signed keep a copy for yourself as well. Lots of paperwork but when the LO is working with the underwriter back and forth it helps to know you gave everything they requested without a doubt. Every Underwriter has their own checklist in doing their final approval, sadly at first we got stuck with an underwriter who wanted more than we could offer them at the time for the green card. Our 2nd local underwriter let us know what we had was enough! I hope your process goes smoothly!

[kyrachos 11]

Hi! My husband and I are in this predicament right now...truth be told, I never thought it was going to be an issue (We are doing immigration the "right" way, aren't we? It should be smooth sailing! HA HA) until our mortgage banker (local bank) started asking about my husband's status. We applied to remove conditions on my husband's residency in December 2017 and his green card expired in February 2018. The extension letter says plain as day that his residency and right to work are extended for 12 months. The mortgage banker doesn't have any experience with this and says that the issue isn't with the underwriter, but with HUD (as we are getting an FHA mortgage). HUD will not approve the mortgage as it apparently thinks my husband isn't a "legal permanent resident" because his residency is conditional and his green card is expired. They have requested an EAD card, which my husband, of course, does not have because he is a legal permanent resident! The banker asked us to schedule an InfoPass appointment to see if we can get any sort of documentation attesting my husband's legal permanent resident status (because his extension letter isn't good enough, apparently?) OR an EAD card. We scheduled the appointment, but of course, we are not optimistic that we will leave with anything useful.

Has anybody obtained an FHA mortgage (using both spouses as co-borrowers) while undergoing the process to remove conditions? If so, how did you appease HUD? 🤯

[price411 68]

On 8/4/2018 at 8:04 PM, kyrachos said:

Hi! My husband and I are in this predicament right now...truth be told, I never thought it was going to be an issue (We are doing immigration the "right" way, aren't we? It should be smooth sailing! HA HA) until our mortgage banker (local bank) started asking about my husband's status. We applied to remove conditions on my husband's residency in December 2017 and his green card expired in February 2018. The extension letter says plain as day that his residency and right to work are extended for 12 months. The mortgage banker doesn't have any experience with this and says that the issue isn't with the underwriter, but with HUD (as we are getting an FHA mortgage). HUD will not approve the mortgage as it apparently thinks my husband isn't a "legal permanent resident" because his residency is conditional and his green card is expired. They have requested an EAD card, which my husband, of course, does not have because he is a legal permanent resident! The banker asked us to schedule an InfoPass appointment to see if we can get any sort of documentation attesting my husband's legal permanent resident status (because his extension letter isn't good enough, apparently?) OR an EAD card. We scheduled the appointment, but of course, we are not optimistic that we will leave with anything useful.

Has anybody obtained an FHA mortgage (using both spouses as co-borrowers) while undergoing the process to remove conditions? If so, how did you appease HUD? 🤯

Any updates on this case.? 

[kyrachos 11]

28 minutes ago, price411 said:

Any updates on this case.? 

We got our house, but nothing we did or supplied was good enough for HUD. My husband wasn't able to get anything from his infopass appointment. Ultimately, my husband was taken off the mortgage application and they used my income alone (which fortunately was enough). It was a big headache, but worked out in the end. HUD told us that "there's a possibility his ROC won't be approved," but not before accusing him of being an illegal alien (eye-roll). The mortgage banker thought there was a possibility that my husband would be approved if we went through a private mortgage, but we didn't have enough money for a 20% down-payment to do that.

[price411 68]

1 hour ago, kyrachos said:

We got our house, but nothing we did or supplied was good enough for HUD. My husband wasn't able to get anything from his infopass appointment. Ultimately, my husband was taken off the mortgage application and they used my income alone (which fortunately was enough). It was a big headache, but worked out in the end. HUD told us that "there's a possibility his ROC won't be approved," but not before accusing him of being an illegal alien (eye-roll). The mortgage banker thought there was a possibility that my husband would be approved if we went through a private mortgage, but we didn't have enough money for a 20% down-payment to do that.

Wow. 

I'm in the same predicament right now. I have my expired green card + my extension letter. Have been pre approved already, am in contract .. I will be meeting with a loan office on Wednesday.  She asked me to bring all the required docs including my green card. Hopefully everything goes well.. going the FHA program in NJ 

[kyrachos 11]

1 minute ago, price411 said:

Wow. 

I'm in the same predicament right now. I have my expired green card + my extension letter. Have been pre approved already, am in contract .. I will be meeting with a loan office on Wednesday.  She asked me to bring all the required docs including my green card. Hopefully everything goes well.. going the FHA program in NJ 

We were pre-approved, too, but when we got to the mortgage application, we had problems. The mortgage banker never dealt with a permanent resident buying a house before, let alone one undergoing ROC, so he had no idea the "expired conditional" status would cause a problem with the underwriters. Good luck! Please update this thread when you find out more/close on the house!

[Nitas_man 3,100]

On 4/7/2017 at 2:35 PM, Team_Healey said:

Hello all! 

 

It has been a crazy ride once my husband and I moved to the USA!

We are in the process of buying a home, in fact stuck in the underwriting phase of the process for the passed 4 weeks, our closing has been moved up 3 times already. 

Here in lies the issue, our underwriter can not seem to understand my Husband's status as a conditional resident.

He has his green card valid for 2 years until we file our I-751 in June, a valid non-restricted social security card, and driver's license and has filed for Taxes in the USA. 

 

• The underwriter in the beginning of the process requested our EAD. Sent a LOE explaining we don't have one and do not need one as he is a conditional permanent resident. 

Waited for a week

• Requested his I-94 form, again sent a LOE explaining we do not have that form as we came into the country on a CR-1 Visa to get his Conditional Resident Green Card valid for 2 years. 

Waited another week! 

• Requested a stamp that we do not have at all yet, called the temp I-551 stamp that validates an expired green card for another year until you get your 10 year green card. Send an LOE explaining we are not yet at that part of our process as a conditional permanent resident as we must file 90 days before the expiry of our green card, which is not until June 10th. Explained this can not be done any earlier and the stamp can not be supplied by USCIS unless new green card never arrived in allotted time of 6 to 12 months after filing I-751 form. 

*much cursing, headaches and calls to our Loan Officer later...*

 

Find out Underwriter has stopped communications, won't give us an update and left us basically at the stage of where they asked for the stamp we can in no way get. 

 

Has anyone ever bought a home as a conditional resident before they filed their I-751 ROC form? I have searched the forum and have only found people buying a home while waiting on their new green card, and a few comments stating they bought a home on CR-1 without any problems. 

 

My husband is the only one on the loan application as a permanent resident for FHA guidelines, the Loan Officer said we had everything in order as far as documents went and we were approved with conditions until the underwriter suddenly kept adding more conditions that made no sense. We may end up losing about 2k (2 appraisal fees, earnest money, home inspection...) and worse yet losing the home because of this confusion. 

 

Any information or even those with the same experience is greatly appreciated! 

Yes we bought one.

 

I was on the loan, we were jointly on the deed.  Problem solved.