Home Buying in Meadow Woods>Question Details

Gloria, Home Buyer in Jacksonville, FL

Hi i'm from Australia and i wuold like to know the interst rate for an overseas investors to get a loan to buy property in Orlando Thank you

Asked by Gloria, Jacksonville, FL Sun Mar 17, 2013

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Abraham Bidhendi’s answer
Hi Gloria:

I have a lender who is specialized in Foreign National Loans. Their rate hovers between 6% to 7% right now and they need 35% down from you.

Please let me know if you would like me to email you their info.

Thanks and I look forward to hearing from you.

Abraham Bidhendi - Top Producer Realtor® with over 25 years of experience
Awarded as the TOP Buyer side Transactions for the State of Florida
We have had 142 successful transactions during the past year alone.
Exit Realty Access, LLC
Direct: (407) 744-2533
Fax: (407) 444-9925
Email: REOsofflorida@msn.com Or abidhendi@ORLANDOPROPERTIESONLINE.COM
Website: http://reosofflorida.mfr.mlxchange.com/ Or http://abidhendi.orlandopropertiesonline.com
Kissimmee Office: 391 N. Main St., Kissimmee, FL 34741
Altamonte Springs Office: 660 Palm Springs Dr., Suite D, Altamonte Springs, FL 32701
0 votes Thank Flag Link Mon Mar 18, 2013
You need 40% down payment and the going interest rate for international loans are 9%.
I can give you more information, if you like,
Feel free to call me @ 407-222-2032
or e mail @ bakerhannahleah@gmail.com
Thanks and all the best,
0 votes Thank Flag Link Mon Mar 18, 2013
As noted in Marion's answer, there are a lot of banks that say they do foreign national loans, but when you look at the details, they charge outrageous interest rates. (35% down and 7% in March 2013, come on be real.) If any one can find a program for non-Canadian foreign nationals at reasonable rates, we'd all love to know.
0 votes Thank Flag Link Mon Mar 18, 2013
HI Gloria
I have just helped an Australian buy 2 properties here in the Disney area. I have several Foreign National lenders who can help you. Loan will need to be $100k minimum with 35% down. Rate will depend on your personal financial stuation.

I am from UK and helping buyers from different countries is what I have been doing here in Orlando for the past 12 years.

Please get in touch if you would like more help
0 votes Thank Flag Link Mon Mar 18, 2013
Thank you very much
Flag Mon Mar 18, 2013
I have heard as low as 4% with 25% down...
0 votes Thank Flag Link Mon Mar 18, 2013
Hi Gloria,
The interest rate for a residential property is anywhere from 3.5% to 4.25%.
It also depends on what type of loan you get, amount of interest payments, and the discount points.
If you need to pre-qualify I can assist you with the process. If you want me to send you properties in the price range you are looking for, I can do that for you as well.

Please call Hannah Bake cell: 407-222-2032
E mail:BakerHannahLeah@gmail.com

Have a wonderful evening,
Hannah Baker
Century 21 Carioti.
0 votes Thank Flag Link Sun Mar 17, 2013
Foreign national loans typically require 35% Down Payment and average 7% interest rate. Please contact me and I can put you in touch with several lenders that can work a foreign national loan. I work for a global real estate firm that also works with a lot of buyers/investors from overseas.

Marion Thacker
Engel & Voelkers Orlando
0 votes Thank Flag Link Sun Mar 17, 2013
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