Ask Experts Questions for FREE Help !
Ask
    f1student's Avatar
    f1student Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 24, 2009, 05:31 AM
    Buying a condo as an F-1 visa student
    Dear,

    I am a european student starting a graduate study in September,which will take at least 5 years. Therefore I am looking to buy a condo in Boston, MA. I will be issued an F-1 visa during my study.

    My question is whether it will be possible for me to buy a condo after residing one year in the USA. Will buying real estate affect my visa status? What are typical conditions with respect to downpayement, etc. Will I be subject to closing costs after 5 year, and the like...

    Thank you very much for your consideration!
    lawanwadee's Avatar
    lawanwadee Posts: 3,653, Reputation: 124
    Immigration Expert
    		  
    #2

    Mar 24, 2009, 04:25 PM

    Buying property in US doesn't make it automatic on your visa. If you don't maintain your visa status by going to school full time, you can be deported like everyone else. I don't think lender would approve.. in most cases that I know of, purchases were made in cash.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Tourist visa to student visa [ 4 Answers ]

I have sufficient funds to support my studies and my parents are willing sponsor me. Will it be difficult to change my B2 visa to F1 if in case I plan to study in US? Do I really need to declare my intention to study upon arrival at the port of entry?

L2 visa status change to student visa [ 5 Answers ]

HOw do I go about changing my daughters L2 visa to a student visa as she wants to start college in the fall, Her L2 visa expires in June 2009

College Student Looking Into Buying A Home [ 4 Answers ]

Hey guys, like the title says, I'm a college student looking into buying a home as an alternative to renting. I've rented for the last 2 years or so (an apartment) and I'm just tired of throwing my money away - thus why I thought it would be better to purchase a home and then rent a couple of the...

Real estate's Basics for Buying Condo in St Paul MN [ 1 Answers ]

Hi there, How are you people ? I hope you will be doing great. And Happy new year too. Actually I don't know crap about real estate so I thought I should ask people how that goes. like, what are the key points before buying a property? I want to buy but I also want to sell that back in a year or...

F-1 Visa & Buying a House [ 1 Answers ]

My girlfriend (British citizen) has just received her F1 visa for graduate study starting this August. We are considering buying a house together in the area where she will go to school (I work in the area). She wouldn't be on the mortgage, but would be on the deed (she would essentially be...

View more questions Search