we are foreigners looking to by investment property in Scottsdale AZ. Can anyone advise on which banks can accomodate?

Asked by eugene_dimitriou, Scottsdale, AZ Sat Dec 29, 2012

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17
Deluxe Realty, Agent, Las Vegas, NV
Tue Mar 5, 2013
My lender can now financing foreigners for investment properties, based on Asset verification, no income verification. Interest rates are a bit higher.
0 votes
Remo, Home Owner, Scottsdale, Wilmington, NC
Mon Mar 4, 2013
Don't know if you have purchased yet- but I personally own a very good investment property with multible opportunities, plus bank is already in place, an unique and easy in to own.
Remo 602-625-4001
0 votes
Steve Tracy, Agent, Phoenix, AZ
Sun Mar 3, 2013
If you seek commercial properties I have had distressed properties with banks willing to carry paper thus obviating the need to obtain outside financing.
0 votes
Steve Tracy, Agent, Phoenix, AZ
Sun Mar 3, 2013
Best bet is BMO Harris if you are a canadian
0 votes
Rob Ryan, Agent, Scottsdale, AZ
Wed Jan 2, 2013
Eugene -

I work directly with one of the top 4 US banks that is currently lending to foreign investors and home buyers, if they have a current relationship with this bank. This bank owns several Canadian banks, so if you live in Canada it is possible that you are indirectly banking with them. They will require a down payment of 30% for loans up to $417,000.

I am a long time native of Scottsdale and very familiar with all Scottsdale neighborhoods and master planned communities. I would be happy to assist you in any way I can.

Rob Ryan
The Gallery Collection
The Luxury Division of West USA Realty
602-828-1589
0 votes
Hi Rob,

DO you think your lender can help with Non-warrantable Condo purchase in Old Town scottsdale.
Flag Thu Oct 20, 2016
Bill Parker,…, , Scottsdale, AZ
Wed Jan 2, 2013
Sorry, Mark. Not just THINKING; KNOWING.

Happy New Year.
0 votes
Deluxe Realty, Agent, Las Vegas, NV
Tue Jan 1, 2013
Privet Eugene,

No matter how many people THINK foreign persons can finance, its been a long time since I've seen someone qualify for a Foreign National Mortgage. This is especially true since our economy went belly up and all mortgage laws have been re-written.



Have you considered investing in Las Vegas, Nevada?

You can get homes below today's building costs, recently built, with high capitalization rates and amazing ROI, all with low fish and high returns.

Contact me directly to learn more, from purchase and management to sales, and more.

Mark, 702-291-8186
Mark@sellstatedeluxe.com

Or, visit us on the web:

http://sellstatedeluxe.com/las-vegas-real-estate-investments/
0 votes
Shahla Mentha, Agent, Scottsdale, AZ
Sat Dec 29, 2012
Hello Eugene,

I work with several banks/lenders who will do the financing for you. I'll be happy to help you.
Contact me directly for the list.

Happy New Year,

Shahla Mentha, ABR, e-Pro, REALTOR®
Executive Real Estate Consultant
Coldwell Banker Residential Brokerage
Cell: 602-741-0755
O Fax: 480-483-4917
mentha.shahla@gmail.com
http://www.azmove1.com
0 votes
BParker, CPA*, , Scottsdale, AZ
Sat Dec 29, 2012
Hi Eugene:

I can help you out. Assuming you are here legally, Fannie Mae's guidelines state:

Fannie Mae purchases and securitizes mortgages made to non–U.S. citizens who are lawful
permanent or non-permanent residents of the United States under the same terms that are
available to U.S. citizens.

You then encounter the different requirements the individual lenders may impose over and above Fannie Mae. This is where you are benefited by working with a mortgage broker or banker, such as myself, as we can look at different lenders to find the one best suited to serve you.

Please get in touch with me at the contact points shown below.

Bill Parker, Loan Officer
AZ Lic# 09011570
NMLS #223607
CPA--Licensed, no longer practicing

GenCor Mortgage Inc.
15730 N. 83rd Way, Suite 103
Scottsdale, AZ 85260
(O) 480-525-8496, EXT 743; (M) 602-565-3646; (F) 480-436-5226
EM: BParker@GenCorMortgage.com
Website: http://www.GenCorMortgage.com
LinkedIn: http://www.linkedin.com/in/billparkercpa

MISSION STATEMENT: To create an unbelievably enjoyable experience for my clients, while guiding them through the most important financial transactions of their personal lives. My clients know me as their Mortgage Lender for Life. I truly appreciate your referrals.

If you think it's expensive to hire a professional to do the job, wait until you hire an amateur.
Red Adair, Oil well firefighter
0 votes
Mary Cutaia, Agent, Scottsdale, AZ
Sat Dec 29, 2012
Eugene,
Yes...Yes...I am working with an excellent lender that can provide you financing.
I am an experience realtor 18+ years and an Arizona Resident since 1966.
I appreciate the opportunity to locate your investment property. Please contact me directly.
We can refine your options to better select your desired choices. I look forward to your call.
Mary Cutaia
Realty One Group
mcutaia@realtyoneaz.com
480-620-1339
0 votes
Jeff Devorkin, Agent, Scottsdale, AZ
Sat Dec 29, 2012
Hi Eugene, I work with several lenders that will be able to accommodate you. You can contact me at

Jeff Devorkin 480.283.5525
i Go Urban Realty
Scottsdale, AZ 85251
0 votes
Wade Kawaha…, Agent, Phoenix, AZ
Sat Dec 29, 2012
I work with a few lenders who have helped with loans for investment property. Please contact me and I will gladly refer them to you.
0 votes
Crystal Vett…, Agent, Scottsdale, AZ
Sat Dec 29, 2012
Good morning,
There would be a variety of lenders that could help depending on what you want to achieve.
Most will require a down payment of 30%-50%. Often they have a minimum loan amount. I would
need a little more information to make sure you get to the right lender.
Have a wonderful New Years! I would love to help you find the right property. My email is
crystalv@westusa.com.
Best wishes, Crystal Vetter
0 votes
Cathie Smith, , Scottsdale, AZ
Sat Dec 29, 2012
Kathy Morrow at CNN Mortgage I am sure can help you out - here is her website. http://www.cnnmortgage.com/EmployeeDetail.aspx?EmployeeID=18898
0 votes
Jean Ransdell, Agent, Scottsdale, AZ
Sat Dec 29, 2012
Primary Residential Mortgage should be able to help you, if not they can refer you to someone who can.
Contact Bob Silva Senior Loan Officer: MagicBob@PrimeRes.com
0 votes
Carmelle Ber…, , 85254
Sat Dec 29, 2012
Good morning Eugene,

I will be happy to assist you but I need more information in order to point you in the right direction.

At your convenience please give me a call at 602-321-4533.

Happy New Year!

Carmelle Bernier
West USA Realty
carmelle@carmelleazhomes.com
0 votes
Linda Salkow, Agent, Carefree, AZ
Sat Dec 29, 2012
Please call me. I have been working with a small family owned bank in AZ for years. I will make the introduction for you.
I can be reached at 480-620-3511 Happy New Year-Linda Salkow Prudential Arizona Properties
0 votes
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