Home Buying in Palatine>Question Details

Kenny, Home Buyer in Hoffman Estates, IL

Any company provide loan to new immigrants (i.e no credit score) ? I can put up to 25% down payment.

Asked by Kenny, Hoffman Estates, IL Tue Dec 4, 2012

I am an immigrant to USA, just landed here a month ago. I want to buy a condo ($60-70,000) in Palatine/Hoffman Estates/Carol Stream area. How can I get a loan ? Are there any company who gives loan to immigrants (i.e no credit score) ? Can anybody here give me suggestions ?

Help the community by answering this question:


Our company provides loans to non-citizens with no credit history. Be aware, that the rate will be above market rate. We also have stated income loans where the rate is about 4.25% or so.
0 votes Thank Flag Link Mon Apr 29, 2013
I'd be happy to refer you to a lender that has done so for a number of my past clients.

As an FYI - it is best to never buy through the listing agent of a property (or even tour an open house without representation) - as they are on the seller's side - so you'd get into a dual agency conflict of interest situation. Best to use an expert negotiator, and one who has no home showing biases - an Exclusive Buyer Broker (they and their companies never list property for sale - and are specialists - not generalists.) A regular so-called "buyer agent" might push more of their own in-house listings on you - or their own listings. We never list (represent sellers) - so that we may be 100% on the buyer's side - 100% of the time. Buyers can trust our advice and representation, and be assured that there won't be any conflicts of interest, or have their information compromised by shared fax machines, file cabinets, overheard phone conversations, shared buyer feedback with listing agents, or in other ways. They also stand a much better chance of getting a lot better purchase price on their home, as well as loan savings. Feel free to call me at 847-566-7558 to schedule an appointment if you have not already purchased.
0 votes Thank Flag Link Mon Apr 29, 2013
I would try several Lenders to see where you stand.
Bart Sitzberger
Broker Associate
0 votes Thank Flag Link Fri Dec 7, 2012
I might be able to find you a rent to own property. Give me a call.
Herb 847-347-8304
Keller WIlliams
0 votes Thank Flag Link Wed Dec 5, 2012
It is harder to get a loan under $100k for anyone, but not impossible.
You should contact a good Loan Officer. Here is one:

Marty Maher
Loan Officer/Branch Manager
NMLS# 408728
3701 Algonquin Road, Ste 720
Rolling Meadows, IL 60008
Cell: (847) 757-5363
Office: (847) 483-5324
Fax: (800) 840-4815

He will help you out or answer any question you might have.


Andrew Malak
0 votes Thank Flag Link Tue Dec 4, 2012
Thanks Andrew... I will contact the person you referred above.... let's see what are my chances... ;-)
Flag Wed Dec 5, 2012
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