Banks or financial institutions lending to non-residents?

Asked by may, Santa Ana, CA Thu Sep 4, 2008

I am looking to buy a cheap condo in Santa Ana, CA. My budget is $100K. I have $50K cash to put as downpayment, and need to borrow the other $50K. Does anyone know any bank or financial institution willing to lend me (a non-resident) this amount?

Thanks for any pointer.

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Bill Eckler, Agent, Venice, FL
Thu Sep 4, 2008
May,

With 50% down you shouldn't have any problem with financing. We would recommend beginning with the bank you normally do business with. They will be able to refer you to a US bank that might be able to provide the most favorable terms.

One of our customers from London, Onterio actually found a branch of his bank in our location with superior terms. Start with your own bank, it may be able to help more than you can imagine.

Good luck,
The "Eckler Team"
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may, , Santa Ana, CA
Thu Sep 4, 2008
Bill Eckler: Thank you, Bill, for your suggestion. I will check it out with my bank manager here in Australia. Although a lot of times, I often have to educate her instead of the other way around - as we have investment properties in Australia.

Marty: Thank you, for your reply. I will email you with questions.
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