We are relocating from Canada to San Francisco for work. Will we be able to get a mortgage without a credit history in the US?

Asked by Dora, San Francisco, CA Fri Jun 7, 2013

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Lance King’s answer
Lance King, Agent, San Francisco, CA
Wed Jun 12, 2013
There are lenders who do these loans but they typically require a much larger down payment. HSBC seems to be the go-to bank for these loans, but I have not been impressed with any of their reps so unfortunately I cannot recommend anyone.
1 vote
Christian De…, Agent, Oceanside, CA
Fri Jun 7, 2013
Hi Dora,

I am also from Canada!
I understand your concern and yes it is possible to obtain a mortgage without a credit history in the US.

I am a realtor in San Francisco and I recommend Christelle since this is her specialty working with out of state clients looking to purchase property. Here is her contact information:

Christelle Mombo-Lutete,
Vice President, Business Development Europe,
180 Montgomery Street, San Francisco, CA 94104 - 9th Floor | Christelle.MomboLutete@bankofthewest.com | T (415) 765 4977 | M (415) 590-1650 | bankofthewest.com

Please do not hesitate to contact me if you have any questions.

Regards,
Christian
1 vote
Lizete Santos, Agent, San Francisco, CA
Fri Jun 7, 2013
Dora,

It's certainly possible and you'll be required to provide, letter of employment, income and asset documentation, requisite Visa, open a local bank account, obtain international credit report and maintain a reserve requirement ( often 12 months of PITI-principal, interest, taxes, insurance).
In addition down payment will be at least 30% if not greater-this will depend on the loan value.

If you need a lender referral please contact me.

Sincerely,
Lizete
Web Reference:  http://www.LizeteSantos.com
1 vote
Thanks! Very helpful
Flag Mon Jun 10, 2013
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