Getting mortgage while pending i130

[Abcd1234 102]

So i am applying i130 for my wife and i know it will take time, however meanwhile while she is waiting for the process, i ( U.S citizen) want to buy a house on Mortgage. Is it true that we need to have both of our names in mortgage? Can we still do it while she is not here , with no ssn or tax no. Anyone did it before? Thanks.

   If I do want to add her name, how the process would go? Oo also what if her visa didn't work out,  can we sell the house with she being not here.

Also we want to rent it out and have rental income....would it make things complex for taxes or is it doable.

  Any advice...

Thanks in advance

Edited July 27, 2019 by Abcd1234

[Just Paul 4,591]

4 minutes ago, Abcd1234 said:

So i am applying i130 for my wife and i know it will take time, however meanwhile while she is waiting for the process, i ( U.S citizen) want to buy a house on Mortgage. Is it true that we need to have both of our names in mortgage? Can we still do it while she is not here , with no ssn or tax no. Anyone did it before? Thanks.

   If I do want to add her name, how the process would go? Oo also what if her visa didn't work out,  can we sell the house with she being not here.

  Any advice...

Thanks in advance

You will need to ask your mortgage company.

 

Your timeline is empty and some of the answers depend on the state.

[Tanish 197]

You would need to talk to any mortgage lender and see what information is needed to add your spouse on mortgage. They would be able to help.

[Daphne . 1,638]

Adding her to the mortgage is not a must, it would be part of the co mingling of finances evidence. With this I mean that it is not a specific requirement or anything. If there is evidence of other co mingling of finances, that would be sufficient too. All the normal co mingling that normal couples would have.

No need to create evidence just to have it, that would be backward thinking.

My husband payed off his mortgage so I would not be on any mortgage either. 

[Pininfarina 74]

We just bought a house with a pending I-130.  Spouse cant be on the mortgage but is on the title.

 

 

Edited July 27, 2019 by Pininfarina

[Abcd1234 102]

6 hours ago, Pininfarina said:

We just bought a house with a pending I-130.  Spouse cant be on the mortgage but is on the title.

 

 

So, did you need spouse signature or something. Can you please explain a little how it went? 

 

[Pininfarina 74]

12 minutes ago, Abcd1234 said:

So, did you need spouse signature or something. Can you please explain a little how it went? 

 

At the real estate office with a notary we both had to sign a big stack of papers.

 Both had to show ID of course. 

 

So your spouse has to be present during closing date.  

[Abcd1234 102]

29 minutes ago, Pininfarina said:

At the real estate office with a notary we both had to sign a big stack of papers.

 Both had to show ID of course. 

 

So your spouse has to be present during closing date.  

Oo so has to be present. Thanks 

[Nitas_man 3,100]

13 hours ago, Abcd1234 said:

So i am applying i130 for my wife and i know it will take time, however meanwhile while she is waiting for the process, i ( U.S citizen) want to buy a house on Mortgage. Is it true that we need to have both of our names in mortgage? Can we still do it while she is not here , with no ssn or tax no. Anyone did it before? Thanks.

   If I do want to add her name, how the process would go? Oo also what if her visa didn't work out,  can we sell the house with she being not here.

Also we want to rent it out and have rental income....would it make things complex for taxes or is it doable.

  Any advice...

Thanks in advance

You can have both names on the deed and your name on the mortgage

[carmel34 3,507]

2 hours ago, Abcd1234 said:

Oo so has to be present. Thanks 

I just went through this same process, buying a house with a pending CR-1 visa, my husband still living in Brazil (he's arriving in three weeks with visa in hand now).  The rules about spouses and mortgages depend on the state where the property is purchased, some states like California require any spouse to be part of the mortgage papers at least to sign off with a form stating that he waives his interest in the property, that's what we did to satisfy the laws of California.  He signed the papers in Brazil and sent them via FedEx to me and I sent them to the mortgage company.  I couldn't get the mortgage on my own in California without these papers signed by my husband.  So ask your lender and title company what the laws are for your state and how you can do this.  Most likely there is a way to sign papers waiving the foreign spouse's interest in the property if the law of your state requires this so he does not have to be there to sign all the papers at closing.  Some states may not even require the spousal waiver form, so check it out.  Good luck!

Edited July 27, 2019 by carmel34