Good for you for wanting to buy on the homefront! As everyone has mentioned below, you'll need a sizeable down payment of at least 20% but that's true of anyone buying an investment property. So many programs are available. My brokerage is conveniently located on Bellevue Way and deals with foreign investors on a regular basis. We are also affiliated with Landover Mortgage who can help you find the right mortgage product. You can contact Suzie Sparks at 425-894-7960. Email: firstname.lastname@example.org - she'll be able to help you figure out what you can afford, and what type of down payment you'll need so you can begin your search. Good luck with it, and let me know if I can be of any assistance to you... :)
â€¢ Understanding you are a US Citizen â€“
o Do you file standard 1040 Tax Returns?
o Do you receive W2 wages?
o Do you own a â€œprimary residenceâ€ in the US
Todd and his team will be very helpful to determine if there is a specific loan program available. Feel free to email/call and let him know we referred him. Assuming you can purchase an investment property, we would be happy to help â€“ and Todd is an expert in aiding our clients to fully understand the associated benefits of owning investment property â€“ whether deferred Tax Free gain is your primary objective and/or creating Tax Free income via offsetting depreciation â€“ he will be of great assistance to help you evaluate.
Take care, Jirius Isaac