Hi Liliana, it's best to speak with a local lender. Good luck.

Yes, there are several lenders who will work with you with a TIN number. There will be extra steps, verification processes and a down payment of 30% or more is quite common.

I have helped several international clients and my background pre-real estate is also international. If you have further questions, please feel free to post here or email me directly.

Regards
Debroah Madey - Broker
Peninsula Realty Group
732 530-7755 Main
732 530-6350 Direct
Deborah@PeninsulaFirst.com

You donot have to be a resident alien or a citizen to purchase there are banks that will loan to foreign nationals. There are programs out there that will let you buy a property with no consumer credit history at all. These loans are usually for foreign nationals, and usually require downpayments of 30%. The banks usually always will be really hard on verifying funds even, if there from a foreign bank. The patriot act is why they are so cautious on these loans and verifying the origin of the assets.

Liliana, congratulations on your choice to buy! As someone who has worked with international clients quite a bit in the last few years, I thought I'd take a minute to reply.

Mortgage brokers and online lenders might have appealing offers, but I'd recommend going to your local bank and asking what their requirements are for individuals with international credit. Most banks will loan for a home purchase by working directly with the underwriter to finance the loan, or they'll even finance it themselves, and all that is required is - as Ken said - just a few more hoops. Typically, if you or your husband have international credit established, a bank can get a copy of that and begin the process of approval. It's really very simple, and doesn't add to the normal amount of time needed to close.

Good luck with your search, all the best!

Hello,

You may be able to qualify for a TIN prgram (Tax Identificaiton Number.) I would contact a mortgage professional that has experience using TIN number to qualify people for loans. These programs generally take 45-60 days to close. You may have to jump through a few more hoops than conventional financing, however the rewards of home ownership are worth it.

Good Luck,
Ken Herrera
Century 21 Infinity

Hi Liliana. While you don't have to be a citizen or permanent resident alien to purchase, qualifying for a loan maybe more difficult depending on what his status is. You should speak to a loan consultant about your options. You also want to check out what's involved when you sell. I don't know if it makes a difference, but it's better to ask the question ahead of time so that you know for sure. Good luck.

You need to have credit history to buy anything. You will probably be required to have at least 2 yrs of tax returns. I strongly advise going to a mortgage company to see what your options are before you go house hunting.