IS ONE QUALIFIED FOR A MORTGAGE LOAN IN AMERICA IF LIVING OUTSIDE AMERICA AND A NATIONAL OF ANOTHER COUNTRY?

Ritz
Home Buyer
Jamaica Plain, Boston,...

Answers (2)
Ken Lambert
Mortgage Broker
or Lender

Portsmouth, NH

Hello Ritz- That is a tough one. Would most likely have to be a nonprime mortgage- a specialty loan.
You would likely have to have 40% down payment- minimum. If you want to contact me I'll try to steer you in the right direction, after I have some further information.

Are you buying it to soon move into, for a vacation house, or as an investment property??

Can you document all your income and assets? Thanks, and good luck,
Ken

Wed Oct 28 2009, 08:46
Christina Burks
Agent
Garland, TX
FIRST ANSWER

In order for a consumer to apply for a mortgage on a foreign property, you must apply through a bank, broker, or financial institution offering mortgages in that particular country.

Tue Oct 27 2009, 05:41

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 183
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback