Comments on: Clarification on Mortgage Loans for Foreign Nationals Purchasing Real Estate in the United States http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/ Tue, 09 Mar 2010 00:16:00 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Mant http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-3387 Mant Tue, 27 Oct 2009 04:42:36 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-3387 Hi Shailesh I am canadian but residing in US for last 10 years.(green card). I am recently going through short sale. Can I get a loan as a foreign national to buy property in CA. thanks Mantosh Hi Shailesh

I am canadian but residing in US for last 10 years.(green card). I am recently going through short sale. Can I get a loan as a foreign national to buy property in CA.

thanks
Mantosh

]]> By: Leann http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-3381 Leann Wed, 21 Oct 2009 00:24:39 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-3381 I am a US citizen who has lived in Australia for the last 18 years (most of my working life). I am married to an Australian citizen. I have not earned income/filed a tax return in the US in all of this time. I do work full time and own property in Australia and have an excellent credit rating over here. Can I qualify for any sort of conventional loan or will we have to get a Foreign National loan in my husband's name? The one Foreign National loan I have investigated charges 2 points higher interest rate than a conventional loan!! By the way I checked my credit report in my maiden name and the score was 761. Thanks in advance, Leann I am a US citizen who has lived in Australia for the last 18 years (most of my working life). I am married to an Australian citizen. I have not earned income/filed a tax return in the US in all of this time. I do work full time and own property in Australia and have an excellent credit rating over here.

Can I qualify for any sort of conventional loan or will we have to get a Foreign National loan in my husband’s name? The one Foreign National loan I have investigated charges 2 points higher interest rate than a conventional loan!!

By the way I checked my credit report in my maiden name and the score was 761.

Thanks in advance, Leann

]]> By: Niels Hartvig-Nielsen http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-2684 Niels Hartvig-Nielsen Tue, 28 Oct 2008 23:47:13 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-2684 We are foreign nationals citizens of Canada residents of Panama Have several properties worldwide with three in the US which are unencumbered. Wish to mortgage the US properties to raise USD investment funds. Properties are second residences which we do not rent. Two are in Washington State and One in Las Vegas. Anyone doing this this kind of lending ? N Hartvig-Nielsen We are foreign nationals citizens of Canada residents of Panama

Have several properties worldwide with three in the US which are unencumbered. Wish to mortgage the US properties to raise USD investment funds. Properties are second residences which we do not rent. Two are in Washington State and One in Las Vegas.

Anyone doing this this kind of lending ?

N Hartvig-Nielsen

]]> By: Mark Becerra http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-2439 Mark Becerra Thu, 14 Aug 2008 16:24:02 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-2439 Is the 70% program you mention above the World program as (now FORMERLY) owned and wholesaled by Wachovia? If so, I think you know it's gone altogether. Having said that, do you have any other lenders you can place a 2nd home purchase for here in Houston, 70% LTV, verifiable US funds, $500K loan amount? THANKS, Mark Is the 70% program you mention above the World program as (now FORMERLY) owned and wholesaled by Wachovia? If so, I think you know it’s gone altogether.

Having said that, do you have any other lenders you can place a 2nd home purchase for here in Houston, 70% LTV, verifiable US funds, $500K loan amount?

THANKS,

Mark

]]> By: Jackie http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-2076 Jackie Fri, 25 Apr 2008 14:47:35 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-2076 I am Canadian Legal Resident and married with a Canadian Citizen. I want to buy a house in Las Vegas and give 75% as down payment, in a US$200,000 house. It is better to do a mortgage in my name, as Canadian Resident, or in my husband's name, as a Canadian Citizen? Much appreciated your response. I am Canadian Legal Resident and married with a Canadian Citizen. I want to buy a house in Las Vegas
and give 75% as down payment, in a US$200,000 house. It is better to do a mortgage in my name, as
Canadian Resident, or in my husband’s name, as a Canadian Citizen? Much appreciated your response.

]]> By: Betsey Castillo http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-1809 Betsey Castillo Tue, 25 Mar 2008 19:11:30 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-1809 Do you only do Arizona or do you do other states for foreign nationals? Also is there a loan minimum? Do you only do Arizona or do you do other states for foreign nationals? Also is there a loan minimum?

]]> By: Shailesh Ghimire http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-1745 Shailesh Ghimire Fri, 14 Mar 2008 19:09:20 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-1745 Jessica, We don't do a credit check on foreign nationals. The LTV is limited to 70% so that is how we limit our risk and such. It's actually easier to do loans for foreign nationals if you really think about it. Jessica,

We don’t do a credit check on foreign nationals. The LTV is limited to 70% so that is how we limit our risk and such. It’s actually easier to do loans for foreign nationals if you really think about it.

]]> By: Jessica Bennet http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/comment-page-1/#comment-1734 Jessica Bennet Fri, 14 Mar 2008 11:21:33 +0000 http://www.azmortgageguru.com/clarification-on-mortgage-loans-for-foreign-nationals-purchasing-real-estate-in-the-united-states/#comment-1734 Hi Shailesh, Considering the criteria of the Foreign Nationals Program, I think it's worth going for. Especially the fact that it includes a number or countries as the home country of the borrower. But what about the borrower's credit? does he need to rebuild credit in the US or would he be able to secure the loan with the help of past credit records in his home country? Regards, Jessica Hi Shailesh,

Considering the criteria of the Foreign Nationals Program, I think it’s worth going for. Especially the fact that it includes a number or countries as the home country of the borrower. But what about the borrower’s credit? does he need to rebuild credit in the US or would he be able to secure the loan with the help of past credit records in his home country?

Regards,

Jessica

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