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Investment Credit Options
Financing a Home in the United States
Foreign buyers have several options when looking to secure financing for a home in the United States. However, it’s important to note that these options may come with specific requirements or restrictions, and the process can be more complex than for U.S. citizens.
Types of Credit Options:
Foreign National Loan: These are loans provided to non-resident foreigners who are interested in purchasing residential property in the U.S. The requirements for these loans can be stringent, with high down payments (usually 30-35%) and proof of a strong credit history in the home country.
Portfolio Loans: Some smaller banks and credit unions offer portfolio loans. These lenders keep these loans on their own books (instead of selling them to larger loan institutions), so they can set their own borrower requirements. They might be more willing to lend to foreign buyers.
Private/Hard Money Lenders: These are often used when a borrower hopes to buy a property, fix it up quickly, and sell it for a profit. They usually have less stringent borrower requirements but come with higher interest rates and upfront costs.
Cash: Many foreign buyers choose to pay cash for their real estate purchases to avoid dealing with the hassle of securing a mortgage in a foreign country. This also makes the purchase process quicker and sometimes more appealing to sellers.
U.S. Bank Accounts and Assets: Some lenders require foreign buyers to have a specific amount of money in a U.S. bank account or have other U.S. assets. This can help to offset the risk of lending to a foreign buyer.
Home Equity Lines of Credit (HELOC): If a foreign buyer already owns property in the U.S., they may be able to use a HELOC on their existing property to finance a new purchase.
Do you know that you can use several credit options to buy a house in the U.S.A. and secure your families future?
Remember, each lender’s terms and conditions may vary, and not all lenders offer mortgages to non-U.S. residents. We are here to help and happy to meet and talk for the options.
Benefits of Purchasing a Property in the U.S.A.
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Robust Market: The U.S. real estate market is one of the largest and most developed globally. Its maturity offers a stable environment that attracts investors worldwide.
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Diverse Opportunities: The U.S. offers a wide range of property types and markets. Whether you’re interested in urban luxury condos, suburban single-family homes, or rural properties, the U.S. has it all.
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Property Rights: The U.S. legal system strongly enforces property rights, providing security for foreign investors. Unlike some countries, the U.S. allows foreign ownership of property.
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Potential for Profit: Many areas in the U.S. have strong growth potential. Savvy investors have the opportunity to realize significant profits, either through property appreciation or rental income.
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Quality of Life: The U.S. offers a high standard of living, quality education, advanced healthcare facilities, and a rich cultural and social life. Owning property can provide access to these benefits.
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Ease of Purchase: While there are regulations, the process of buying property in the U.S. is relatively straightforward compared to many other countries, even for foreign buyers.
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Tax Advantages: While taxes are a complex issue that depends on your specific situation, in some cases, owning property in the U.S. can provide tax advantages, such as mortgage interest deductions.
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Leverage: The U.S. mortgage system allows investors to leverage their investments, controlling a large asset with a relatively small initial investment (the down payment).
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Retirement Planning: Purchasing a property in the U.S. can be part of a long-term retirement plan. Some choose to rent out the property and then use it as a place to retire later on.
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Currency Diversification: Owning real estate in the U.S. allows you to diversify your investment portfolio in terms of currency, which might be beneficial if the dollar is strong compared to your home currency.
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Frequently Asked Questions
Can I purchase asset in USA freely and hold on my name?
Yes, if you are not sanctioned country passport holders, you can easily purchase house in the USA.
Do I need to visit USA for that process?
You dont need to make any visit to USA, all process can be done via internet and phone calls. But time to time, our clients prefer to visit to see the assets.
How long does it take to get my title deed?
There are different time slot for the payments of purchased asset that effects having the papers in hand, but once all payments completed you can have your title deed directly.
Can I select any option or asset?
Yes, you can. We have an expert team to advise you some options as well which will have better appreciation rates and easy to rent out.
What I need to have minimum to purchase an asset in the USA?
You need to have %40 of the asset value in hand as cash in minimum to buy a flat and we can apply credit options for you, if you have a valid visa from USA. If not, we can talk on a payment plan.
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