If you're an H1B visa holder, you're probably wondering if you can buy a home with an FHA loan. The answer is yes!

FHA loans are government-backed mortgages insured by the Federal Housing Administration. They require lower minimum credit scores and down payments than many conventional loans, making them especially popular with first-time homebuyers and H1B visa holders.

For an H1B visa holder, the eligibility for an FHA loan depends on the borrower meeting the following guidelines:

1. The property will be the Borrower’s Principal Residence;
2. The Borrower has a valid SSN, except for those employed by the World Bank, a foreign embassy, or equivalent employer identified by HUD;
3. The Borrower is eligible to work in the United States, as evidenced by the Employment Authorization Document issued by the USCIS; and
4. The Borrower satisfies the same requirements, terms, and conditions as those for U.S. citizens.