Why Indians in the US buy homes immediately

Indians moving to the United States often buy homes right away instead of waiting for a green card. In an Instagram video, Parth Vijayvergiya explained that 30-year fixed-rate mortgages make monthly payments similar to rent, allowing buyers to afford a home with a 10-15% down payment. He bought a house for $359,000 (around Rs 3.25 crore) three years ago with a $45,000 (around Rs 40 lakh) down payment, and its value has since risen to $390,000-400,000.

According to the National Association of REALTORS' 2025 report, about 66% of Indian buyers purchase primary residences, the highest share among major foreign-buyer groups in the US. The Times of India notes that homeownership also aligns with cultural values around property and security for many Indian immigrants.

Some netizens pointed out that the cost comparison varies by state. One user in the Bay Area said home prices there exceed $1.5 million, while another noted that New York City two-bedroom flats start at $1.2 million. Another commented that low interest rates were more common a decade ago.