Well since you have dual citizen ship there shouldn't be a problem in obtaining a loan. I have given out loans throughout California and I would be more than willing to help you out in your situation.
Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!
Brian Nguyen Sr.
NMLS # 659743
415 505 7197
I don't know all the answers yet and I can't tell you how we could best help without knowing more. What I can say is that there are two main parts to your eligibility for any loan. They are:
1) Your citizenship status (you've answered this above).
2) The documentation you can produce (income, assets and credit).
When any of us lenders have an opportunity to review the details of both, we could then advise you on your options. Our process is free and does not obligate you and if you need more information, please get in touch at any time.
You can get financing, we are located in Marin County and I will be delighted to meet with you.
We will require credible documentation for 2 yrs. + year-to-date Income, credit report or alternative credit to demonstrate â€˜Aâ€™ quality credit worthiness, and seasoned funds in a known financial institution (does not have to be seasoned in a US bank account). Translation of documents may be necessary if the statements from Thailand are not in English.
No Credit required(as you might not have an established credit in the US if you moved to Thailand 5 yrs ago)â€¦but some credit references required â€“ alternate credit from Thailand is okayâ€¦international credit reports are also acceptable. (We usually Google the applicant's Country of residence to determine if they have credit reports & tax filing).
We require 2-years income verification history but it is not necessary to have U.S. tax returns (although if you are a US citizen you must have filed U. S tax returns)â€¦Tax documents from country of residence are okay. If Thailand does not require to file the equivalent of tax returns, then we need an employment letter on your company's letter head explaining compensation. If the employment letter is in a language other than English we need to get a statement from a tax preparer or equivalent that can provide evidence of your credentials by translating the documentsâ€¦it must be on letterhead so that we can verify the company through 3rd party sources.
We must be able to source seasoned assets in a known verifiable worldwide financial institution (i.e., Credit Suisse, HSBC, UBS, Bank of Tokyo)â€¦the funds may not be in an Institution which cannot be verified. The main reason for sourcing the income and assets is for OFAC (Office of Foreign Assets Control) which monitors foreign countries, regimes, known terrorists, etc.
Power of Attorney (POA) is allowed for a US citizen. Or you can go to an American Consulate to sign and have loan documents notarized.
Feel free to call me to stop by my office in Marin County
Senior Loan Consultant
By Referral Only
All California Mortgage, Inc
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
Usually, LTV (Loan to Value) for such a loan is 70% (or 30% down).
Your employment or self-employment will be verified, as well as assets and international credit report.
It makes sense to work with a mortgage broker, who has many lenders to work with.
A large bank usually is less lenient in terms of their guidelines and requirements for supporting documentation. So, as upfront as to what exactly you'll need to provide as your income proof.
If you have been coming and going in and out of the country, you could get a loan as a U.S. resident/citizen - again, subject to the particular situation and lender(s)' guidelines.
Hope this helps,
Beachfront Realty, Inc.