Buying A House After E-2 Visa: Home Mortgage Eligibility

Buying a house after E-2 visa approval might seem challenging, but it’s entirely possible. If you’re an E2 investor residing in the United States, you may wonder, “Can I get a mortgage with an E-2 visa?” The good news is that you can. While there may be some additional requirements, the overall process is similar to that of U.S. citizens.

Renting vs. Buying a House After E-2 Visa Approval

One of the most significant decisions you’ll face is whether to buying a house after E-2 visa or rent. Each option comes with its own set of advantages and considerations.

  1. Temporary vs. permanent stay

    Renting: If you’re planning to stay in the U.S. for a limited period or if your long-term plans are uncertain, renting may be the more practical choice. It provides flexibility, allowing you to easily relocate when your visa expires or if your business circumstances change.

    Buying: If you envision a long-term or permanent stay in the United States, buying a house after E-2 visa approval may be a wise investment. Homeownership can provide stability and a sense of belonging in your adopted country.

  2. Financial stability

    Renting: Renting requires less upfront cost. You’ll need to pay a security deposit and monthly rent, which can be more affordable in the short term.

    Buying: Home purchases often require a substantial down payment and ongoing mortgage payments. Ensure you have a stable income and a solid financial plan to cover these expenses.

  3. Mortgage eligibility

    Renting: Renting doesn’t involve obtaining a mortgage, so you won’t face the challenges associated with mortgage approval.

    Buying: If you decide to buy, you can get a mortgage as an E-2 visa holder, but there are additional requirements. Lenders typically ask for a higher down payment, usually around 30% to 40% of the property’s value. You must also provide proof of your visa status, employment, and credit history.

  4. Location and real estate market

    Renting: Rental markets can vary significantly by location. Consider the cost of renting in the area where you plan to live and whether it aligns with your budget.

    Buying: When buying a house after E-2 visa, location is a crucial factor. Research the real estate market in your desired area to determine if it’s a buyer’s or seller’s market, as this can impact property prices and availability.

  5. Tax considerations

    Renting: Rental payments typically don’t involve property taxes or mortgage interest deductions. Your tax obligations as a tenant are generally simpler.

    Buying: When you buying a house after E-2 visa, you’ll be responsible for property taxes and may benefit from tax deductions on mortgage interest, potentially reducing your overall tax liability.


Renting vs. Buying a House after E2 Visa Approval: The Benefits of Each








  • Flexibility and mobility
  • Lower upfront costs
  • No maintenance or repair responsibilities
  • Predictable monthly expenses
  • Access to amenities and services



  • Building equity over time
  • Stability and control of your living space
  • Potential for property appreciation
  • Tax deductions for homeowners
  • Freedom to customize and modify your property


Securing a Mortgage with an E-2 Visa

Buying a House After E-2 Visa

If you’ve decided to buying a house after E-2 visa approval rather than rent, you must follow these essential steps to secure a mortgage.

What are the eligibility requirements for an E-2 Visa mortgage?

To achieve homeownership, it’s essential to understand the specific eligibility criteria and requirements that apply to E-2 visa holders. Here are the key factors you need to consider:

  • A valid E-2 visa

Naturally, you must possess a valid E-2 visa issued by the US. government. Your visa should remain in good standing throughout the mortgage application process.

  • An operating business

As an E-2 visa holder, you likely have invested in a US business. Lenders may require that this business is operational, generating revenue and employing U.S. workers.

  • Minimum investment amount

Many lenders prefer to work with E-2 visa holders who have made a substantial investment, often exceeding $150,000. A substantial investment signifies your financial commitment and stability.

  • Proof of Income, residency, and financial assets

Mortgage lenders typically require proof of a stable income, US residency status, and financial assets. This documentation is crucial to demonstrate your capacity to make consistent mortgage payments.

  • Minimum credit score

A credit score of at least 620 is often a minimum requirement for E-2 visa holders seeking a mortgage. However, some lenders may be open to applicants with no or limited US credit history.

  • Employment history

Many mortgage lenders prefer applicants with at least two years of prior employment in the United States.

  • Financial documentation

Expect to provide essential financial documents, such as tax returns from the past two years, W2 forms, and bank statements. These documents allow lenders to assess your financial stability and reliability.

  • Down payment

E-2 visa holders typically encounter higher down payment requirements compared to US citizens. A down payment of at least 20% or more is commonly requested by lenders.

What is the mortgage process for E-2 visa holders?

  • Determine your eligibility

Before starting the mortgage process, ensure that you meet the eligibility criteria for E-2 visa holders seeking a mortgage, as discussed above. This includes having a valid E-2 visa, stable income, and financial documentation.

  • Establish financial stability

Lenders will scrutinize your financial stability, including your credit score, employment history, and income. Take steps to enhance your credit rating and collect the required financial paperwork.

  • Calculate your budget

Calculate a suitable budget for your home purchase by evaluating your income, expenses, and financial objectives. This will help you identify the price range of homes you can consider.

  • Research lenders

Look for mortgage lenders experienced in working with E-2 visa holders. Different lenders have different criteria for visa holders, so find one familiar with your situation.

  • Pre-approval process

To strengthen your position as a buyer, consider getting pre-approved for a mortgage. Pre-approval involves providing financial information to a lender, who will then issue a pre-approval letter indicating the amount you’re qualified to borrow.

  • Mortgage application

Submit a mortgage application with the lender you’ve selected. You’ll need to provide personal and financial information, as well as documentation such as tax returns, bank statements, employment history, and details about your E-2 visa.

  • Property selection

Once your mortgage application is in progress, search for a suitable property. Keep in mind your budget and the specific requirements of your visa.

  • Underwriting and approval

The lender will examine your mortgage application and evaluate your creditworthiness. They may request additional documentation or information during this process. If everything checks out, you’ll receive a mortgage approval.

  • Closing process

You and the seller will complete the necessary paperwork and financial transactions to finalize the purchase. This includes signing the mortgage agreement, making the down payment, and paying closing costs.

  • Homeownership

Once the closing process is complete, you’ll officially become a homeowner. You’ll start making regular mortgage payments according to the terms of your loan agreement.

It’s important to note that the mortgage process for E-2 visa holders may require some extra diligence due to your visa status. Be prepared to work closely with your lender, provide any requested documentation promptly, and communicate any concerns or questions that arise during the process.

If you’re an E-2 visa holder looking to invest and own a home in the United States, E2VisaFranchises is here to help. Our knowledgeable professionals understand the requirements of E-2 visa holders and can provide customized guidance to navigate the mortgage process and make well-informed investment choices.

Contact us today to explore our franchising opportunities and support services.

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