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ClemsonC

Mortgage application / foreign credit check

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Filed: IR-1/CR-1 Visa Country: Canada
Timeline

Hello everyone! 
 

We will be selling our home after my husband moves back to the US From Canada to resistablish his domicile. Well, we will be selling it once I move with the kids, after we get our visa. 
 

I’m just wondering how the mortgage process works down there? Will he have to provide his Canadian credit report in addition to his US one?  I’m curious as the banks don’t pull foreign reports from what I’ve read. 
 

 


IR1 / IR2  

Canada

March 2020 - Sent I-130

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October 2020 - NVC Welcome Letters

April 12 2022 - Submitted everything to NVC

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~ Still trekking on 

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IF you are doing a Hard Money loan, they use the property and your rehab cost.

 

For a conventional mortgage the most important is your current income, either by taxes for 1099, or seeing recent paycheck stubs for like a prior month or so. 

 

I am out of the loop on pulling your score since.

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Filed: IR-5 Timeline
6 hours ago, ClemsonC said:

Hello everyone! 
 

We will be selling our home after my husband moves back to the US From Canada to resistablish his domicile. Well, we will be selling it once I move with the kids, after we get our visa. 
 

I’m just wondering how the mortgage process works down there? Will he have to provide his Canadian credit report in addition to his US one?  I’m curious as the banks don’t pull foreign reports from what I’ve read. 
 

 

Banks will be checking his credit report based on his US Credit history.  Since he used to live in the US, I am assuming he should have credit history establishment already.


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While you can use your Canadian credit history to get credit cards in the USA, it will not help with a mortgage unfortunately. 


You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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On 7/31/2020 at 9:35 PM, ClemsonC said:

Hello everyone! 
 

We will be selling our home after my husband moves back to the US From Canada to resistablish his domicile. Well, we will be selling it once I move with the kids, after we get our visa. 
 

I’m just wondering how the mortgage process works down there? Will he have to provide his Canadian credit report in addition to his US one?  I’m curious as the banks don’t pull foreign reports from what I’ve read. 
 

 

If you decide to do a mortgage, I would stay away from a bank like Bank of America, last time I refinanced they are so slow and want all kinds of paperwork, I had them start on refi of my current house a few years ago, and they already had the note.  They started asking for all kinds of paperwork, and fees like to appraise my house.

 

I found another place that promise quick closing, they did an desktop appraisal, and they were ready to close in about 3 weeks, about the same time Bank of America was asking for some more paperwork from me.  I told Bank Of America to pound sand.

 

A few months earlier my relative refi with BOA, he told me it took them forever and a day to refi and he had BOA was the note holder, he said if he ever did it again he would never use BOA.

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Filed: IR-1/CR-1 Visa Country: Canada
Timeline
8 hours ago, Allovertheworld said:

If you decide to do a mortgage, I would stay away from a bank like Bank of America, last time I refinanced they are so slow and want all kinds of paperwork, I had them start on refi of my current house a few years ago, and they already had the note.  They started asking for all kinds of paperwork, and fees like to appraise my house.

 

I found another place that promise quick closing, they did an desktop appraisal, and they were ready to close in about 3 weeks, about the same time Bank of America was asking for some more paperwork from me.  I told Bank Of America to pound sand.

 

A few months earlier my relative refi with BOA, he told me it took them forever and a day to refi and he had BOA was the note holder, he said if he ever did it again he would never use BOA.


We will likely be using Veterans United, as my husband is a US Veteran.  

That’s good to know about BoA! 


IR1 / IR2  

Canada

March 2020 - Sent I-130

October 2020 - Approved 

October 2020 - NVC Welcome Letters

April 12 2022 - Submitted everything to NVC

April  20 2022  Requested Expedite at NVC

April 22 2022 - Conditional Expedite at NVC

~ Still trekking on 

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4 hours ago, Allovertheworld said:

Get USAA for your homeowners insurance, Outstanding claims service.

 

I work about 100 Home Owners claims per year.  Stay away from Allstate

 

Agreed.  USAA is easily the easiest bank we have worked with.  I was added to the account before moving to the USA.  We still do most of our banking with them.  However we also use Navy Federal as they have more branches and if you need something right away (like you're buying a car and need the check asap) they're great to work with. 


You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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