I-485 pending/ buying a house

A

arbee

Registered Users (C)
Hi All -

Has anyone had the experience of buying a house while their 485 was pending?

I am going through that process - my H1 expires in September 04, and my employer has said they won't renew it as I have an EAD. The loan bank is asking for a renewal of the H1 Visa!

Please share any thoughts!

Thanks in advance.
 
when we got loan our ext was pending and we gave a copy of I-485 receipt and EAD. that worked.
try some other bank or persuade ur employer to help you out
 
arbee said:
Hi All -

Has anyone had the experience of buying a house while their 485 was pending?
--- many baught when they are on H1
I am going through that process - my H1 expires in September 04, and my employer has said they won't renew it as I have an EAD.
----Ask the employer does he give any guarantee that I-485 will have no problems?? Having EAD does not mean that you cant file H1 extension, I will ask the employer to file H1 extension, inform him clearly that you dont want to use EAD
The loan bank is asking for a renewal of the H1 Visa!
---- H1 status is always a good back up
** you have not posted if I-140 approved and I-485 pending more than 180 days, if that is true you can change employer with H1 transafer any time and can use AC21
Please share any thoughts!

Thanks in advance.
Click to expand...
 
arbee said:
Hi All -

Has anyone had the experience of buying a house while their 485 was pending?

I am going through that process - my H1 expires in September 04, and my employer has said they won't renew it as I have an EAD. The loan bank is asking for a renewal of the H1 Visa!

Please share any thoughts!

Thanks in advance.
Click to expand...

We bought a house when I was on an O-1 visa, then refinanced twice while 485 pending. In the question on the loan form: US Citizen or LPR, I marked "no", but I wrote "pending" next to LPR and gave a copy of my 140 approval and 485 receipt. The most important thing, according to my mortgage broker, was three years tax returns and a clean (and hopefully somewhat long) credit history. My broker was really good - he only shopped our loan to banks that were savvy with immigrants, and we got a great interest rate too.
 
Thanks!

All - thanks for sharing your experience. In my case, I-140 is approved, so I will give them I140 approval and I485 receipt notices, and see if they agree.

FYI - the banks is Wells.

Thanks again.
 
Arbee,

Did your bank accept I140 approval and I485 receipts notices? I am also in the same boat, my bank (Wellsfargo) is asking for visa document. I told them my status is 'I-485 adjustment of status' and sent them I485 receipt notice.

Thanks,
Manju
I-485 RD 05/02
FP - 09/04
AD - ????
 
I believe the I-485 receipt is OK. But u may need explain it a little bit in case the loan officer doesn't understand.

We used Wells Fargo and no problem.
 
If you have a problem with a specific bank, you can always use a good and reputable mortgage broker to find a loan... they usually find very good rates with banks that are immigrant savvy, at least in my experience.
 
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