1) First, relax -- at least for now. Unless you're reading this from China, you probably don't have much invested in these markets. Foreigners own just 1.5% of Chinese shares, according to Capital Economics. That number is growing, but only very gradually. 2) For Chinese investors, however, it's been a very wild ride.
For the purposes of NMSDC's program, a minority group member is an individual who is a U.S. citizen with at least 25 percent Asian-Indian, Asian-Pacific, Black, Hispanic or Native American heritage. Documentation to support the claim is required.
As a result of this guarantee, lenders who might otherwise feel queasy about your qualifications will be more inclined to lend to you. As a bonus, the FHA only requires a 3 percent to 3.5 percent down payment from first-time homebuyers. You can find lenders that work with the FHA in communities across the nation.