FOREIGN NATIONALS LOOKING TO INVEST IN PROPERTY IN THE U.S.
Florida has one of the largest numbers of foreign nationals looking to invest in real estate in the United States. That’s according to the National Association of Realtors Florida. Most non-U.S. borrowers can get financing from lenders, banks and other financing organizations.
As mortgage brokers, we have extensive experience helping foreign nationals interested in investing in the U.S. As a result, we are committed to help you find the right products and/or programs that will fit with your financial needs. Whether you’re purchasing a vacation home or an investment property in the U.S.
That’s why, ome documentation will be required for Foreign National Loans.
Here’s what you need:
Especially Relevant is a recent case study. We were able to help a foreign investor to buy a condo in Orlando. It turns out, a bank mortgage officer was unable to provide financing for a condo. The borrower was holding a passport from Venezuela. And, the property he wanted to buy was considered a non-warrantable condo. As a result, the lender did not want to have this type of collateral in his portfolio.
After reviewing the loan package that was denied, we were able to offer the borrower a mortgage. As a result, the loan closed in 10 days. In conclusion, the borrower was able to honor his purchase agreement, keep his deposit, and close on the property.
If you are a non-U.S. borrower and are interested in buying property, also consider consulting with an attorney and an accountant. Most attorneys and accountants have experience assisting foreign nationals in purchasing investment in Florida. They can help you with your reporting and tax requirements.
So, if you are looking for an attorney or accountant, we can make recommendations.
Foreign National Financing in Florida?
Venezuelan, Brazilian, Middle Eastern Borrowers are Welcome!
Contact us for more information at:
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