Question Details

Ken, Home Buyer in malaysia

I am a Japanese citizen living in Malaysia. Do you know if i can buy a property in US?

Asked by Ken, malaysia Sun Dec 30, 2007

I am interested to look for investment property in US, am i able to buy and get financing? any restrictions on foreigner?

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Answers

2
Yes you can!

You would purchase as a foreign national.

Most likely you would need to put 20-35% down minimum depending on the loan program

If you are making a cash purchase, that is even easier.

You may be required to have payment reserves in a USA bank, but that depends on the lender.

The transaction is easy and closing is similar to residents citizens approx 30 days with verifications. Interest rates are similar to resident citizen 2nd home rates.

The best thing for you do do is to find a good experienced knowledgeable agent in the area you want to purchase, you agent will be able to help you with a smooth transaction.

Best of luck
0 votes Thank Flag Link Sun Dec 30, 2007
Hi Ken,
Are you planning paying cash for the property or did you need a loan from the bank?
0 votes Thank Flag Link Sun Dec 30, 2007
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