Home Buying in New York>Question Details

Ashok Thakwa…, Real Estate Pro in Outside U.S.

I am resident of India looking to buy property in USA. The questionI have is whether mortgage finance will be available to a non US citizen.

Asked by Ashok Thakwani, Outside U.S. Fri Jun 29, 2012

Help the community by answering this question:


Hi, Ashok.
Most foreign investors secure their financing overseas, and then pay cash here. US banks need to see a credit history here and ties to the US in order to lend. HSBC does do mortgages to foreign buyers, but they also are known to not close at the last minute, which is a disaster to all involved. I have heard Emigrant is good, but do not have first-hand knowledge of them. I have helped many foreign investors; they were either cash buyers of got a loan in their country.
1 vote Thank Flag Link Fri Jun 29, 2012
On behalf of Keller Williams Realty Inc, America’s Inspiring Real Estate organization, emerged as second-Largest Real Estate Franchise in the United States based on the total number of sale Professionals, according to the REAL Trends. Great entrepreneurs are able to find opportunities when others cannot see-it-and capitalize on those. Keller Williams Realty Worldwide is an opportunity for you if you are one of those entrepreneurs. We are looking for entrepreneurs who are ready to capture the unprecedented opportunity of today’s market. I am pleased to provide you with our Marketing and Strategic Business Plan and extend to you an opportunity to invest in real estate the “No Hassel” way. This is an excellent opportunity for buying real estate in United States where most of the banks are offering up to 75% loans for International Non-Residents clients buying homes in U.S, like Citibank and HSBC Bank are accommodating hundreds of new clients in this industry from all over the world. I have included some details for you in this correspondence; additional information will be mailed to you once you decide to purchase the property. If you have U.S Visa to travel we will pay for your Airfare and stay in Five Stars Hotels during the completion of your closing. You can always call for details. If you do not have a Visa for the states, we will get you one based on your personal circumstances, call for details regarding different Visa availability for you and your family members. Closing procedure in that situation is different from those who have the Visas. Log in the Web sites http://malikzaman.com or http://mzaman.yourkwagent.com for the choice of your property, email us, at zamanmalikkw@hotmail.com or mzamankw@hotmail.com call at 001-561-729-7624 and discuss your options with one of our trained business professional who will guide you through step by step procedure. Details about phone No’s, Email addresses and Web Sites are also mentioned on the Brochure, looking forward to hear from you soon.
Sincerely yours,
Zaman, Malik Hamid Sr Realtor of Keller Williams Realty Inc.
0 votes Thank Flag Link Mon Dec 24, 2012
Hi Ashok,

If you are not an American citizen but want to purchase a house here, there are home loans for you. Many mortgage lenders offer foreign national mortgage programs, which work very much like standard U.S. loans -- except that the required down payment is generally larger -- about 30% -- and you may have to get your mortgage from either a large bank or a niche lender.

Feel free to contact us for any further question.

Good Luck,


BSD Equities
174 Fifth Avenue #301
New York, NY 10010
Office: (212) 367-7200 Ext.18
Cell: (646) 269-4942
0 votes Thank Flag Link Mon Jul 2, 2012
Hi Ashok,

Yes, there are mortgage products available for non-citizen. Nevertheless I will need further information to determine your qualification.

Alvin F. Outarsingh
(516) 352-0100
0 votes Thank Flag Link Sat Jun 30, 2012
I work with a good mortgage broker who has different programs for overseas investors. it is time consuming, all documents have to be translated, legalized, etc. some programs provide up to 60% finance.

Elena Ravich
Rakita Realty
646 593 7207
0 votes Thank Flag Link Fri Jun 29, 2012
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