How do I qualify for a mortgage as a non-U.S. citizen in Idaho?

@milan.glover 

To qualify for a mortgage as a non-U.S. citizen in Idaho, you will typically need to meet certain requirements set by lenders. Here are the general steps to follow:

1. Verify your immigration status: Confirm that you have legal immigration status in the United States, such as a valid visa, green card, or work permit.
2. Build credit history: Establish a credit history in the U.S. by opening and maintaining bank accounts, obtaining a U.S. credit card, and making on-time payments. Lenders usually require a credit history of at least 12-24 months.
3. Obtain an Individual Taxpayer Identification Number (ITIN): Apply for an ITIN from the Internal Revenue Service (IRS). This is an identification number for individuals who are not eligible for a Social Security Number (SSN).
4. Provide consistent income: Demonstrate a stable and verifiable source of income in the U.S. This can be through employment or proof of steady income from investments or business activities.
5. Gather necessary documents: Prepare your financial documents, including bank statements, pay stubs, tax returns, and any additional documents required by lenders. Make sure they are properly translated if not in English.
6. Save for a down payment: Save enough money for a down payment, which typically ranges from 10% to 20% of the home's purchase price. The specific amount may vary based on the lender's requirements and your financial circumstances.
7. Research lenders: Explore different lenders and mortgage programs to find those that offer loans to non-U.S. citizens. Some lenders specialize in providing mortgages to foreign nationals.
8. Work with a mortgage broker: Consider engaging a mortgage broker who can help you identify lenders who offer loans to non-U.S. citizens and guide you through the entire application process.
9. Apply for a mortgage: Submit your mortgage application, along with all the required documents, to the selected lender. Be prepared for additional scrutiny of your financial profile due to your non-U.S. citizen status.
10. Undergo the mortgage process: Complete all the necessary steps, such as income verification, credit checks, property appraisal, and loan underwriting. Provide any additional documentation or information requested by the lender.
11. Close the loan: If approved, review the loan terms, sign the necessary paperwork, and close on the mortgage. Ensure you understand all the conditions and responsibilities associated with the loan.

@milan.glover 

Please note that the specific requirements and process may vary depending on the lender and your individual circumstances. It's essential to research and consult with lenders who have experience in providing mortgages to non-U.S. citizens in Idaho to understand all the available options and find the best fit for your situation.