Financing in Chicago>Question Details

Yammers, Home Buyer in Chicago, IL

I'm a UK national looking to finance a condo in Chicago. I would want to rent the property out. Does anyone know any suitable lenders? Many

Asked by Yammers, Chicago, IL Fri Jun 1, 2012


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Bill J Deligiannis’ answer
Are you in the UK or are you working in the USA?

If you are working here, then you should be able to get financing.
If you are in the UK, things get hairier.

Feel free to contact me with an Q's.

Bill J Deligiannis
First Centennial Mortgage
0 votes Thank Flag Link Fri Jun 8, 2012
Call Chase Bank in Chicago. Make sure you get an inspection done! We do the inspections for the BANK.
0 votes Thank Flag Link Fri Jun 1, 2012
Yammers-there are quite a few options available. I believe HSBC and some of the larger banks have different programs. Most require 35-45% down payment and 6-12 months of reserves on deposit. I am checking with a few of my local lenders in Chicago if they can help. But, at least you have some options. Debbie
0 votes Thank Flag Link Fri Jun 1, 2012
Hi Debbie, thanks for responding. Let me know how you get on with your local lenders.
Flag Fri Jun 1, 2012

You will have a tough time acquiring financing here from the UK. I would check with some of your banks to see if they would finance real estate here, and give you the loan.

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0 votes Thank Flag Link Fri Jun 1, 2012
It depends. You would need to have some sort of money here. Whether it be a bank account, your employer, etc. I have a lender that is very good with this sort of thing, and we deal with many international buyers.
0 votes Thank Flag Link Fri Jun 1, 2012
Matt, thanks for your response. Could you put me intouch with your lender?
Flag Fri Jun 1, 2012
That might be difficult, but my web site has some lender references. Give them a call.
0 votes Thank Flag Link Fri Jun 1, 2012
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