The criteria for foreign nationals to purchase property in the US is very similar to an US citizen with the exception of financing. Because of the additional risk involved, lenders require a slightly larger deposit toward your purchase. This can be as high as 40% for some lenders.
This is one of the reasons why we are recommending our foreign buyers to explore financing from their country of residence in addition to US financing. Some of our customers have found that there is a significant benefit to borrowing from their local lender, transferring the funds for the purchase, resulting in what is resembles a cash transaction in the states.
Thank you for your question.....
The Eckler team
Michael Saunders & Company