#Spotlight: The US housing market is seeing a sharp decline in participation from H-1B visa holders after new Trump-era restrictions. Recent data shows federal housing loans to non-permanent residents, including H-1B workers, have dropped to near zero. The Federal Housing Administration now limits its insured mortgages to US citizens and permanent residents only. Indians, who make up nearly 70% of all H-1B visa holders, are the hardest hit. Cut off from government-backed loans, many are unable t

An FHA loan is insured by the Federal Housing Administration and protects lenders from financial risk. Lenders have to meet certain criteria for their loans to be termed “FHA-approved,” after which the FHA backs the loans the lender issues in case a borrower defaults on the mortgage. Borrowers must also meet requirements to qualify for one of these loans. | FHA.com