We basically did NINJA loans again but this time with non-US citizens
Many homebuilders, such as Bloomfield Homes in Celina, TX offered access to FHA loans for H-1B visa holders through their preferred lenders until May of 2025, when Trump had HUD shut these lending practices down
Some of these FHA loans offered 100% financing through a combination of a standard FHA loan and access to State assisted first time homebuyer grants for the 3% downpayment
Yes, you read that correctly, your tax dollars funded home-buying grants for non-US Citizens during the Biden administration
Is it just a coincidence that home prices began falling at a rapid pace in Celina, TX almost immediately after Trump shut this program down?
How many people bought a brand new home with zero money down at peak 2022-2024 pricing?
You won’t see an impact at a national level, but you WILL see it in certain markets with a lot of H-1B tech workers and new construction