Home Buying in Mercedes>Question Details

Mary Ellen C…, Home Buyer in Mercedes, TX

How can I get a Loan for a house?

Asked by Mary Ellen Clay, Mercedes, TX Thu May 2, 2013

Hello. I currently live in Mexico, American Citizen, but want to buy a house in the Valley Area. How can I get a loan. I can pay the downpayment.

Help the community by answering this question:


You really just need to sit down and talk to a couple lenders to see what your options are. There are many different options depending on the type of loan and down payment amount.

Hope this helps.

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | listings@dongroff.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
0 votes Thank Flag Link Thu May 2, 2013
Good evening Mary,

First steps:

Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.

Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.

Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.

Put together your Team of real estate professionals and shop 'til you drop!

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
0 votes Thank Flag Link Thu May 2, 2013
Hi Mary,

Good morning. You have several options, compare with several lenders to see what they can offer you so you can make the best choice from you.

If you need help with finding a great lender please feel free to call or email me.


JC Carpio
Keller Williams Realty
0 votes Thank Flag Link Thu May 2, 2013
Your question is best answered by a loan officer.

If you are an American citizen living in Mexico, it will depend on where your income is coming from. If you would like a recommendation, email me and I will get you with a loan officer who handles a lot of business like yours.

Steve Tennison
TX Real Estate Broker
RGV Realty

0 votes Thank Flag Link Thu May 2, 2013
Speak to a lender or bank, we would have no idea but they will/
0 votes Thank Flag Link Thu May 2, 2013
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