Moving to the United States and Purchasing a Home: Key Steps to Consider

Relocating to the United States from another country involves both immigration planning and financial preparation. For those considering purchasing a home after arrival, understanding the documentation, financing options, and legal processes involved can help create a smoother transition.

Below is an overview of common steps individuals often take when moving to the U.S. and preparing to buy property.

Step 1: Understand Visa and Residency Status

Before purchasing property, individuals relocating to the U.S. typically ensure their immigration status allows them to live and work in the country legally. This may include work visas, permanent residency (green cards), or other approved classifications.

Information about immigration pathways and documentation requirements can be found through U.S. Citizenship and Immigration Services (USCIS).
https://www.uscis.gov/

While U.S. law does not prohibit non-citizens from purchasing property, lenders often require proof of legal residency when applying for a mortgage.

Step 2: Establish a U.S. Financial Profile

Building a financial presence in the United States is often one of the most important early steps. This may include:

Obtaining a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
Opening a U.S. bank account
Establishing U.S. credit history
Transferring assets according to applicable banking regulations

The Consumer Financial Protection Bureau provides guidance on establishing credit and preparing for homeownership.
https://www.consumerfinance.gov/consumer-tools/mortgages/prepare-for-homeownership/

Many lenders rely heavily on U.S.-based credit history when evaluating mortgage applications.

Step 3: Understand Mortgage Eligibility as a Non-Citizen

Mortgage eligibility varies depending on residency status, income documentation, and lender guidelines. Some lenders offer financing for:

Permanent residents
Visa holders with valid work authorization
Certain non-resident foreign nationals

Down payment requirements, interest rates, and documentation standards may differ from conventional borrower profiles. Federal Housing Administration (FHA) loan eligibility details can be reviewed through HUD.
https://www.hud.gov/buying/loans

Because requirements vary, speaking directly with a mortgage professional familiar with international buyers can help clarify options.

Step 4: Prepare Required Documentation

In addition to standard mortgage documentation, international buyers may need:

Valid passport and visa documentation
Proof of U.S. address
Employment verification
Tax returns (U.S. and possibly foreign)
Bank statements and proof of transferred funds

Lenders may also require funds to be “seasoned,” meaning deposited in a U.S. account for a specified period before closing.

Step 5: Understand Tax and Reporting Requirements

Foreign nationals purchasing U.S. real estate may be subject to specific tax considerations, including FIRPTA (Foreign Investment in Real Property Tax Act) rules when selling property in the future.

The Internal Revenue Service provides general information about tax obligations for non-resident property owners.
https://www.irs.gov/individuals/international-taxpayers

Consulting with a tax professional familiar with cross-border transactions is often recommended.

Step 6: Work With Experienced Professionals

International purchases can involve additional layers of documentation and coordination. Working with professionals experienced in relocation transactions can help ensure compliance with federal, state, and lender requirements.

Real estate agents, lenders, and attorneys familiar with international buyers can assist in navigating timelines, escrow requirements, and regulatory documentation.

In Summary

Relocating to the United States and purchasing a home involves careful coordination of immigration status, financial preparation, mortgage eligibility, and documentation. While non-citizens are permitted to purchase property in the U.S., financing and tax considerations may differ from standard domestic transactions.

Planning ahead and understanding the process can help reduce delays and provide clearer expectations when transitioning into homeownership in the United States.