Here is a short video we created on foreign national financing: http://www.youtube.com/watch?v=ddCUMQWz0Og
Seems to me that the banks are becoming even more conservative with repect to lending and are now asking for VISAs so that they don't end up with anyone on a TSA/Homeland Security exclusion list. My clients are getting 5 years B1/B2 VISAs. Check with your lender for their requirements. One client did find a lender who did not require a VISA, but their terms were less attractive.
Contact Denise Hostletler 001 352 702 0209 from UK
or e mail denise.hostetler@WellsFargo.com
She told me the other day that borroweres will need a visa but please ask her about that as it seems an odd requirement. Not sure if the US embassy in London will issue a visa as it is not normally required to purchase a home here.
Hope this helps
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