Home Buying in Cincinnati>Question Details

Mubashir Tah…, Home Buyer in Outside U.S.

Loan without credit history

Asked by Mubashir Tahir, Outside U.S. Wed Jan 9, 2013

I live in Switzerland and will going to shift in Cincinnati Ohio next month with my family. I have work agreement for the next five years and an option to extent this agreement also. I got an E2 visa to live and work in US.I will get a yearly salary of 70k Dollar.

I am interested in buying a home in Cincinnati. As I am going to shift next month so I don't have a credit history. In Switzerland I owned my own home where I am currently living. Moreover I also owned a apartment for rent. Swiss banks financed me for both the properties.

How can I get a loan in US for buying a house there. What are the requirements?

Can anybody please recomend me a good possible solution?

Do anybody knows a good loan specialist?

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Answers

3
Bonjour! Car j'espere que vous venez de la Suisse francophone; en effet, je suis francaise! I forwarded your info to 2 loan officers I trust. Otherwise the solution would be to negotiate a land contract: this is a scenario where the seller becomes the bank and finances the sale. A lot depends on how much you can put down in either case. If you can put 20% down, there should not be any problem. Please email me directly.

Patricia Marie Baxter
Realtor with Nextage Achieve
patriciab@nextagerealty.com
513 861 2266 (office)
513 225 0045
0 votes Thank Flag Link Thu Jan 10, 2013
A lot will depend on how much of a down payment you make. What you need is a local bank that will hold the loan (Portfoloio) and not sell it to Fannie, Freddie or government backed loans.

I've worked with a couple different local banks to help people in similar circumstances.

Please give me a call at 513-227-5897 if you would like to discuss this in greater detail

Scott Baker, Realtor
ERA REAL SOLUTIONS

sbaker13.sb@gmail.com
0 votes Thank Flag Link Wed Jan 9, 2013
Congratulations on tour new job & adventure! I know a couple really good loan officers. Shoot me an email & I'll send you their contact information. Please Don't hesitate to contact me with any other questions or concerns.

Thanks,

Visit me online at; http://www.WeLoveOurRealtor.com

Chris Gerke
OwnerLand Realty
513-673-7074 Direct
513-322-7124 Fax
Chris@chrisgerke.com
http://www.iLoveMyRealtorChris.com

REMEMBER, I'LL SELL YOUR HOME IN 29 DAYS OR LESS..................OR I'LL SELL IT FOR FREE!!!
0 votes Thank Flag Link Wed Jan 9, 2013
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