I am a foreigner and looking to buy a 1 or 2 bedrooms apartment. What is the maximum mortgage level I could get?

Asked by Mynshk, Fri Sep 20, 2013

Add some detail about your question

Help the community by answering this question:

+ web reference
Web reference:

Answers

8
Anna M Brocco, Agent, Williston Park, NY
Fri Sep 20, 2013
Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously, therefore for a personailized answer regarding a mortgage, visit with any licensed loan officer....
1 vote
Marilyn Maye…, Agent, New York, NY
Fri Sep 20, 2013
Your question can be more accurately answered by a mortgage banker/broker.
Citibank has good lending programs for foreigners. You can contact Adam Sherman a.sherman@citi.com / (212) 559-1361
Adam will tel you what's available. Be prepared to answer questions regarding your income, assets, liabilities, etc.

Marilyn Mayers
Lic. Assoc. RE Broker
Halstead Property, LLC
1 vote
Jim, Both Buyer And Seller, Norcross, GA
Wed Feb 4, 2015
Watch out the guy named Ricard - EI Bey.
He is a fraud. He cannot get you any loan at all. What he does is cheat your money for appraisal which he will never done. Once if he got the money, he will not answer your phone or email anymore. You can search at Georgia License website, he does not have license at all. Just a fraud.
0 votes
Richard- El…, Other Pro, Augusta, GA
Mon Nov 11, 2013
Foreign National Loans

Borrowers using TIN Okay
Borrowers with NO CREDIT SCORE
Borrowers with NO SSN
Foreign Nationals {Expatriate}- NO PASSPORT {Must have valid work visa or 30% Down}
70% LTV Purchases
65% LTV Rate & Term Refinance
50% LTV Cash Out {Possible higher if financials are up to par}
Multiple properties OKAY
Corporation purchasing and refinancing OKAY

Richard- El Bey
Avarice Investments
(706) 399-7813 cell
(678) 752-8062 Office
thegocp@gmail.com
0 votes
Masha Sales, Agent, NY,
Fri Sep 20, 2013
Most likely you will have to put 50% down, some banks do mortgages based on foreign credit but you would need to provide full documentation, my buyer did it a few month ago, it was lots of headache but we won:)
Good luck,
Masha
0 votes
, ,
Fri Sep 20, 2013
As a portfolio lender, one of the strengths of Quontic Bank is Foreign National Loans in the NYC area. The following is a snap-shot of what we will do:

* Loan amounts up to $5,000,000
* No Social Security #, Green Card, or Visa is required
* No FICO Score is required - we will accept foreign credit reports or alternate credit to prove eligibility
* Valid Passport and a 2nd acceptable form of ID is required
* We will lend up to 60% LTV (40% Down payment)
* Up to 70% LTV ($1 million limity) if borrower is Permanent Resident Alien (green card) or Non-Permanent Resident (Visa)

I am a very experienced mortgage professional in the NYC market and have originated and closed over $500 million in real estate finance transactions. Quontic Bank is a strong Jumbo loan portfolio lender specializing in Condo, Co-op, and 2-4 Family townhouses throughout the NYC area. We utilize a Common Sense underwriting approach. If a deal makes sense, we find a way to get it done at a very competitive rate!!! Call me for more details.

Shawn Carson
Senior Loan Officer
(718) 215-4069 (office)
(718) 218-4382 (mobile)
scarson@quonticbank.com (email)
0 votes
David Perry, Agent, NY, NY
Fri Sep 20, 2013
If you have income in the US it is easier to get a mortgage. I would speak to a mortgage broker/banker rather than a bank. I recomend Steve Hartstein from First Meridian Mortgage shartstein@gmm.com

David Perry
Licensed Associate Broker
Brown Harris Stevens
Dperry@bhsusa.com
0 votes
Elena Ravich,…, Agent, New York City, NY
Fri Sep 20, 2013
it is difficult to get a mortgage for a non-resident, although not completely impossible. Your may be able to get about 50%-60% and your rate will be a bit higher that conventional mortgages. Email me and I would be glad to put you in touch with a bank that provides mortgages to foreign residents on certain terms.
Elena@rakitarealty.com
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more