During the Biden administration, H-1B visa holders were buying houses with 97-100% financing. 97% would come from the FHA, with the rest coming from..

[excalibur]

Just outrageous.

Everything Biden did was against the American people. That is who and what Democrats are.

During the Biden administration, H-1B visa holders were buying houses with 97-100% financing. 97% would come from the FHA, with the rest coming from state first-time home buyer programs.

Zero money down. Thanks to programs that were supposed to be helping low-income American families buy their own homes.

FHA loans to non-permanent residents quickly grew to represent 6% of mortgage issuances. The percentage was undoubtedly higher in places like the DFW area, where H-1B visa holders are disproportionately concentrated.

I don’t have anything against people in America on H-1B visas. I’ve said it before—and I’ll say it again—that I’ve found many of them to be great people on an individual level, and I wish them all nothing but the best. Individual immigrants—especially those here legally—are not at fault for flawed US immigration policy.

But this might be the most radicalizing thing I’ve ever seen. Not only are American workers forced to compete for jobs, they’re also forced to compete in the housing market against people bringing 0-3% of a house’s cost to the closing table, versus the 10-20% most people have to pay.

First, companies import mass numbers of H-1B visa holders, largely in "back office" white-collar fields like IT and accounting. This essentially imposes a lower ceiling on domestic wages in these job categories.

Next, these workers—who are generally concentrated in certain geographic areas—create more demand for housing (especially in good school districts), driving up home prices and the cost of living.

Then, to top it off, they don’t even have to save up money for a down payment. They can close on a $500k house with $0-15k plus a 97% FHA loan. Meanwhile, ordinary American families are forced to come to with $50-100k for the same down payment.

I don’t care how you feel about Trump or what your preferred immigration policies are; there’s no defending this. It screws over hard-working American citizens several different ways over, and it’s yet another reason why I will always be glad Trump won and Kamala Harris lost in 2024.​

 

[excalibur]

 

[drudge X]

Most of the buyers were Chinese from China. Too bad Democrats are afraid to purge their own Chinese agents.

 

[MarcATL]

What has Trump and the Republicans done to put a stop to this madness OP?

Did they, by chance, have anything to do with it?

 

[Dante]

Doesn't tell the whole story and is here only to bait people with a hysterical rant, and disingenuous flaming.

 

[excalibur]

What has Trump and the Republicans done to put a stop to this madness OP?

Did they, by chance, have anything to do with it?

From post #2.

Here you can very clearly see the impact of Trump’s policy change in May of 2025

We went from 6% of FHA loans going to non-permanent residents to almost zero, overnight​

 

[MarcATL]

From post #2.

Here you can very clearly see the impact of Trump’s policy change in May of 2025​

​

We went from 6% of FHA loans going to non-permanent residents to almost zero, overnight​

I guess I didn't notice it.

 

[Moonglow]

Just outrageous.

Everything Biden did was against the American people. That is who and what Democrats are.

During the Biden administration, H-1B visa holders were buying houses with 97-100% financing. 97% would come from the FHA, with the rest coming from state first-time home buyer programs.​

​

Zero money down. Thanks to programs that were supposed to be helping low-income American families buy their own homes.​

​

FHA loans to non-permanent residents quickly grew to represent 6% of mortgage issuances. The percentage was undoubtedly higher in places like the DFW area, where H-1B visa holders are disproportionately concentrated.​

​

I don’t have anything against people in America on H-1B visas. I’ve said it before—and I’ll say it again—that I’ve found many of them to be great people on an individual level, and I wish them all nothing but the best. Individual immigrants—especially those here legally—are not at fault for flawed US immigration policy.​

​

But this might be the most radicalizing thing I’ve ever seen. Not only are American workers forced to compete for jobs, they’re also forced to compete in the housing market against people bringing 0-3% of a house’s cost to the closing table, versus the 10-20% most people have to pay.​

​

First, companies import mass numbers of H-1B visa holders, largely in "back office" white-collar fields like IT and accounting. This essentially imposes a lower ceiling on domestic wages in these job categories.​

​

Next, these workers—who are generally concentrated in certain geographic areas—create more demand for housing (especially in good school districts), driving up home prices and the cost of living.​

​

Then, to top it off, they don’t even have to save up money for a down payment. They can close on a $500k house with $0-15k plus a 97% FHA loan. Meanwhile, ordinary American families are forced to come to with $50-100k for the same down payment.​

​

I don’t care how you feel about Trump or what your preferred immigration policies are; there’s no defending this. It screws over hard-working American citizens several different ways over, and it’s yet another reason why I will always be glad Trump won and Kamala Harris lost in 2024.​

The Act was never voted into existence.

The OP is a fake news event.



First-time home buyers may be eligible to receive a $25,000 grant to purchase a new home through the Downpayment Toward Equity Act. The Act, also known as the $25,000 First-Time Buyer Home Grant, stems from the Biden-era first-time home buyer initiative to help Americans enter the housing market.Jan 6, 2026

What Is the $25,000 Down Payment Toward Equity Act? | 2026​

The Mortgage Reports
https://themortgagereports.com › 25000

 

[Moonglow]

FHA loans do not have a specific minimum or maximum income requirement, meaning there is no required salary (e.g., $50,000/year) to qualify. Instead, lenders focus on your ability to repay the loan by verifying stable employment and analyzing your debt-to-income (DTI) ratio. [1, 2, 3, 4, 5]
Key Income and Financial Requirements

• Proof of Income & Employment: Lenders usually require two years of stable employment history, often verified through pay stubs, tax returns, and bank statements.
• Debt-to-Income (DTI) Ratio: While not a strict income amount, lenders prefer a DTI of 43% or lower, though ratios up to 50% or higher may be approved with compensating factors (like a high credit score).
• Job Stability: While two years is standard, income stability is more important than longevity at a single job; changing jobs within the same industry is acceptable.
• Minimum Credit Score: Generally, a score of 580 or higher allows for a 3.5% down payment, while scores between 500–579 require a 10% down payment. [1, 2, 3, 4, 5]

 

[Moonglow]

Why is it yous people have no idea how FHA loans dough?

 

[MayorQuimby]

If Biden was as bad as he was, then the question becomes, who voted for him? And did these voters know about, or care about, policies like this one? I really hope that they didn't; that Biden sprang this on everybody after he got voted.

This is something that I have been talking about, sometimes, election candidates do not reveal all the things that they plan on doing if elected. They only say enough to get in the office, and then once in, they can do pretty much what their heart desires. This needs to change.

 

[JoeB131]

Everything Biden did was against the American people. That is who and what Democrats are.


During the Biden administration, H-1B visa holders were buying houses with 97-100% financing. 97% would come from the FHA, with the rest coming from state first-time home buyer programs.

Zero money down. Thanks to programs that were supposed to be helping low-income American families buy their own homes.

You obviously have no idea how FHA loans work.

The government isn't paying anything. The mortgage holder is. It's just they don't have to put any money down.

If they default on the loan, the government owns the house and sells it at a profit.