Financing in Reunion>Question Details

Smartloobylou, Home Buyer in Davenport, FL

What are the current loan requirements for foreign national investment lending?

Asked by Smartloobylou, Davenport, FL Thu Aug 19, 2010

UK buyer looking to purchase a vacation rental single family home in florida with 30% deposit - how easy is financing now and where do i go for a fast pre-approval on a loan? Will they take into account rental income stream?

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Yes and we can do foreign nationals to 85% pretty easy to do, I have four wholesale lenders standing by to fund your loan.

Probably will not take rental income but I can ask....

You can apply right on our website and I wil submit to lender and usually get an answer in 24 hrs if you ahve a property picked out.
0 votes Thank Flag Link Fri Aug 20, 2010
Unfortunately no, they will not take the rental income stream into account when making you a loan. If your UK assets and income stream can not support the mortgage, then you are unlikely to get one. Sorry.
0 votes Thank Flag Link Thu Aug 19, 2010
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