I am a Canadian wishing to invest in Atlanta, GA. Does anyone know of a mortgage company that has experience with lending to foreign investors?

Asked by Wally118, Atlanta, GA Fri Nov 9, 2012

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Danny Der, Both Buyer And Seller, Outside U.S.
Tue Nov 13, 2012

I am also a Canadian investing in the US, I am also a member of "Private Money Exchange", its a network of investors who are tired of their returns from their savings accounts and US IRAs looking for higher returns.

Financing is based on the property, not the person so much, so people with lower credit scores can still get funding if the deal is good. Again its based on the property value (ARV), its potential to appreciate and the LTV (loan to value). Terms are negotiable. Usually we lend to 65% of value (LTV) to start and 80% for repeat borrowers with good track record.

Check out this website for more info. http://www.privatemoneyexchange.com/dder/

I am from Edmonton, AB., where are you from?

Danny W. Der
1 vote
Joel Madden, Agent, ATLANTA, GA
Mon Nov 12, 2012
I am currently working with several Canadian investors, and it seems that unless you have taxable U.S. income, you are probably not going to find any available loan programs. I'm sure a lender may be able to answer this more accurately, however this is what several of my Canadian investors have recently determined after speaking with various lenders.


Joel Madden | Associate Broker
404.353.4500 cell | 800.205.2001 efax

Rick Hale and Associates
Keller William Realty Atlanta Midtown
1420 Peachtree St NE, Suite 100
Atlanta GA 30309
1 vote
Will, , Atlanta, GA
Thu Dec 19, 2013
Hi Wally, Depending on your loan size we can lend to foreign nationals upto 55% with exception. If you're still in the market let me know. I can lend in ALL 50 states.

Good Luck and if there's any way I can be of assistance, please don't hesitate to contact me

0 votes
Hello dear ,
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Flag Fri Feb 21, 2014
Tom3591, Home Buyer, Cocoa Beach, FL
Wed Dec 18, 2013
0 votes
caoduc, Home Buyer, Atlanta, GA
Wed Apr 24, 2013
yes, Please call me Duke 678-908-6606
0 votes
miraclebank00, , 30093
Wed Dec 26, 2012
If you are still looking for help please contact me at the below,
0 votes
, ,
Mon Dec 24, 2012
Wow, I'm probably a little late on this one. Westmoore Group is a great company helping people get houses with not so good credit. However, it requires a maximum of 35% debt to income ratio and if you haven't been filing taxes here, chances are, you won't income qualify. Aside from that, they require a social security number. They are mostly used for owner occupied financing, not for investment purchases (as stated on their website - case by case basis).

Private Money Bank is a great source for financing loans for Foreign Nationals. Using the Federal TIN instead of a social security number helps make the process easier. The down payment of 35% can be carried by the seller as a seller held second mortgage. You will have to show proof of assets that you can carry the note (usually at 15%) for about 6 months. They charge up to 8 points in fees. I too, am signed up with them. They will lend up to 65% of the as is value or 80% of the sales price, whichever is less. They do not use ARV (After repair value) because ARV is very subjective and risky. A bank will be very cautious on lending money to repair a home if they believe that the buyer may default on the loan or run out of funds to repair the house.

I do have a lender in NY (not Westmoore) that will lend up to 70%. Even better is the fact that if you can negotiate the price down to 70% of the as-is value, the lender MAY not require a down payment at all. You would only have to pay the fees and closing costs at closing (fees cannot exceed 8% of the loan amount). Rates start at 9%.
0 votes
Sonja Tani, Agent, SNELLVILLE, GA
Thu Dec 6, 2012
Hi Wally,
Certainly Private Lenders are the answer for Foreign Investers. The one thing you need to research thoroghly is that the Lender is well versed in the regulations concerning Foreign Investments.
Below is the contact infomation for a Company that deals regularly in Foreign Investments. They will consider your circumstances and you can be assured that they will adhere to the letter of the law.

The Westmoore Group, LLC
Ph: (646) 801-6190
Fx: (646) 619-4291

Atlanta and its surrounding communities are a prime place for investment right now. You will be able to find some great deals, if you haven't already. With the Westmoore Group on you side you should do very well

Good Luck and if there's any way I can be of assistance, please don't hesitate to contact me.
0 votes
Sonja Tani, Agent, SNELLVILLE, GA
Sat Nov 10, 2012
The Westmoore Group, LLC
Ph: (646) 801-6190
Fx: (646) 619-4291
0 votes
Dagmar Sands, Agent, Johns Creek, GA
Fri Nov 9, 2012
Hi Wally,
I have worked with clients from 58 different countries who invested in the Atlanta area.
Feel free to call me, let me ask you few questions and I will get you in touch with my
lender who I'm sure can assist you.
Dagmar Sands - Real Estate International, Inc.

0 votes
, ,
Fri Nov 9, 2012
Foreign National lending is not currently readily available. Very few lenders offer such a program. Right now, the Foreign National financing that is available is generally only for higher loan amounts and for Second Homes and not Investment Properties.

RBC Bank used to offer financing to Candians through their US banking division. Since that business unit was sold to PNC earlier this year, I doubt that is still a option.

Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
0 votes
Realtor Carm…, Agent, Marietta, GA
Fri Nov 9, 2012
Hello Wally,
You may want to call Carlos Mata 678-689-6147 or Benjamin Rincon 404-252-2211.

I work with a lot of foreign buyers and I know it really makes a differece to work with a lender who understand the requirements and guide lines for non US citizens.

Good Luck!

Carmen Gutierrez
RE/MAX Greater Atlanta
0 votes
Sherrie Crow, Agent, Decatur, GA
Fri Nov 9, 2012
I just spoke to two lenders who both gave me the same information: Due to strict federal guidelines for lending, it will not be possible for you to get financing from a lender in the U.S.

However, they suggested that you inquire about a loan with a Canadian bank. One mentioned Toronto Dominion Bank-- TD Ameritrade-- which has offices here in Atlanta. There are also divisions of Wells Fargo Bank in both countries.

Basically, lenders in the US won't utilize a Canadian credit report.
I hope this helps.
0 votes
Robert Robbi…, , Atlanta, GA
Fri Nov 9, 2012
I can help you find several options.

Call me with Quesions,

Robert Robbins
Cornerstone Mortgage Group, LLC
office - 678-578-7613
Cell - 404-932-5353
0 votes
Michael Hamm…, Agent, Suwanee, GA
Fri Nov 9, 2012
Having a Canadian son-in-law, Wally118, it's hard to think of you guys as foreign, but to try to answer, have you ever or do you currently bank with RBC? Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond





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