Financing in Poinsettia Park>Question Details

Leon Gerber, Home Buyer in Sarasota, FL

Foreign National Programs

Asked by Leon Gerber, Sarasota, FL Thu Jun 19, 2008

Who would you recommend using to provide finnancing to a foreign buyer

Help the community by answering this question:


Because foreign banks and financial institutions are not often willing to make loans for the acquisition of real property outside their home countries, I recommend that you talk top banks in your own country and find out whether they have subsidiaries in the U.S. The Royal Bank of Canada has for instance very close ties with Royal Bank Centura and many canadians who want to get financing for properties in the U.S. use that connection effectively.
Michel J. Bergier
Recipient of Sarasota Magazine's 2008 5 Star: Best in Customer Satisfaction Award
1 vote Thank Flag Link Tue Jul 15, 2008
Hi Leon,

I work for Lloyds TSB and we offer financing for foreign nationals and U.S residents.

Guidelines for properties in the U.S:

+States covered in the U.S: Hawaii, California, Washington State, Colorado, Nevada, New York, New Jersey, Oregon, Connecticut and Florida.
+Minimum property value 400k
+DTI: 50%
+LTV - 50% in California, Florida, Nevada and Oregon. -  60% in all remaining states
+MAX Loan Amount = 5 x income (-) any outstanding mortgage loan balance.
+3-month adjustable rate. (no fixed option available) (international mortgage service)


Felipe Restrepo
0 votes Thank Flag Link Fri Jun 12, 2009
Fannie Mae just released news on a variance for Canadian Foreign Nationals. This is great news considering the Foreign National market became almost non existent one year ago. Canadians wanting to buy a second home or investment property in the US will only need to put 30% down and need a miminum credit score of 700. For more information about getting a mortgage please visit our website at We have investment properties that come with a 36 month lease attached. email
0 votes Thank Flag Link Thu Jun 11, 2009
There are still financing programs available to foreign nationals. Many lenders state they can provide financing, but most of them relied on Wachovia (world savings) to fund all their FN loans. As a mortgage planner, its important to educate our clients on how to properly structure the debt they are going to aquire. We pride ourselve on giving our international clients the tools necessary to be a successful investor.

Please call or email if you in need of our services. There are still options for foreign nationals. :)

Amber Anderson
Global One Investment Group
0 votes Thank Flag Link Mon Aug 11, 2008
I am from UK and bought a property in Davenport a few months ago. The mortgage Broker i used was very helpfull and got me a excellent rate. His number is 407-346-9274 he is also from the UK.
0 votes Thank Flag Link Tue Jul 15, 2008
I would recommend discussing with some one familiar with International affairs and concerns. We often use: Renea M. Glendinning, CPA - Kerkering, Barberio & Co., P.A.
1990 Main Street, Suite 801 Sarasota, Florida 34236
Direct phone: 941-953-7446 Fax: 941-954-3207

Jim Soda 941-809-7759
Prudential Palms Realty
Sarasota - Lakewood ranch - Longboat Key
Web Reference:
0 votes Thank Flag Link Sat Jun 21, 2008
We recently found a Canadian bank branch in the Sarasota/Venice area which was a great help for our customers. Don't rule our banking branches or banks that have agreements with banking institutions in your country.

Hope this helps,

The "Eckler Team"
0 votes Thank Flag Link Fri Jun 20, 2008
Hello Leon,

As a foreign buyer you may also want to speak with some professionals which offer services to buyers outside the U.S. Donna Scarlatelli is an attorney specializing in Immigration Laws (including visas, work permits, etc.). Her contact info is: (941) 917-0066 and email: Website is

Stella Giudicelli is from Moneycorp. They are a foreign exchange organization which can assist with "locking in" the exchange rate which can otherwise fluxuate daily costing you additional dollars. Her phone # is (321) 559-1050 and email is

I have not personally had anyone yet to use the services of these two but they were brought to our attention through our Board of Realtors so feel confident in passing their information along.

Joan Marie Bazo from Coldwell Banker's affiliate Sunbelt Mortgage has assisted with many foreign buyers. If she can't assist you with the best service and pricing for you, she will direct you to the right people for your circumstances. Her phone number is (941) 730-2972 - Mobile and Email:

Let us know if we can assist further.

Jan Petters - Team Vitale
Coldwell Banker Residential Real Estate
423 St. Armands Circle
Sarasota, FL 34236
(941) 685-7573
0 votes Thank Flag Link Fri Jun 20, 2008
Hi Leon:
It is important to use a lender who has some expertise in this area. I could also recommend that you might want to contact RBC Centura Bank. The telephone number in Sarasota is 941/951-4406. Good luck to you....
0 votes Thank Flag Link Fri Jun 20, 2008
World Bank (Wachovia) does a lot of financing for foreign buyers. I would start there. Some of the other banks probably do financing also. Just be aware that your interest rate may be higher, as a foreign buyer because the lender feels they need to protect themselves. But, as an investor from Europe or Canada, your money is worth twice as much as our dollar right now, so really, it is not so bad. .
0 votes Thank Flag Link Fri Jun 20, 2008
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