This is not a problem.
There are many lenders who do foreign national programs.
I can recommend a couple of mortgage professionals for you.
To answer your comment, more desirable areas have higher prices - so rate of return is lower.
You could get 10% in condotels - but the purchase would need to be cash.
You could also buy with a hard money lender (if foreign national program does not work).
I can recommend a good one.
Best - to meet and go over different "profitable" areas for your purchase.
To talk more specifically, feel free to contact me and my team.
Hope this helps,
Beachfront Realty, Inc.
You can get a loan as Foreign National. Not all lenders are doing this type of loans. You will be required to do at least 25% down payment depending on the type of property.
I can advised who are doing the loans and help you get the right property.
You can contact me anytime,
Miami Premier Realty
I was just talking to a mortgage broker this week who told me he did mortgages for "L" visa holders.
If you're here on a tourist visa (or you're from a visa waiver country), you will have to qualify under the Foreign National rules. If you have a long-term working status, there may be other options available.
assistance let us know we can make some good recommendations for some good Realtors in the area in which you intend to buy, so thaT the Realtor you select will be able to connect you with the
Good Luck to you!
Edith YourRealtor4Life! Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike.... Covering the city of Chicago, all N and NW suburbs and the fine homes of the North Shore. Edith always goes the X-tra Mile with SMILE for her clients.
@Properties Northshore - 30 Green Bay Road, Winnetka, Il. 60093
Feel free to visit my website to get to know me and my services better.....
You don't have to be a US citizen in order to get a mortgage.
It all depends on the lender, but typically you will get the same conditions like a citizen if you are a greencard holder. If you don't have a greencard either, the lender will probably ask you for a higher down payment than he would from a citizen or greencard holder.
You should talk to a couple of lenders and ask them for their conditions. There are a lot of international investors in Miami, so lenders deal with it on a regular basis. Mortgage rates are on a historic low again.
Good luck! And do not hesitate to contact me, if you have questions of if you need assistance with your home buying process. I am happy to help!
Coldwell Banker RE