There a few foreign national programs available. Generally you'll need approximately 30-35%
down plus closing costs and reseserves for taxes and insurance. Your 60k is short of this 220k
purchase price if 30% is used. generally there is no variance in the banks requirements. Are you able
to negociate a lower price? If so, you can accomplish your goal. I have been serving the state of Florida
as Mortgage Broker and will give you a good faith estimate as to financing and closing costs with no
obligation or upfront cost to you.
Hope this helps;
Interest rates for foreign national buyers is typically a little higher than the standard current best rates. The best source for this information will be from your loan agent.
Wells Fargo is currently making loans to foreign buyers. I'm sure there are others. You might want to check out their website:
I work with a several banks that do foreign national loans. They usually require 25-30% down. I am mortgage broker, let me know if you need me to help you out getting pre-qual for a mortgage.
Manhattan Mortgage Co.
Direct: 407/ 617-0807
Office: 813/ 470-4620
Fax: 813/ 470-4329