Updated over 1 year ago on . Most recent reply
Conventional lending with foreign earned income
I was told it was “impossible” to get a conventional mortgage on an investment property with foreign income. Is that true? I am a US citizen working overseas and wanted to buy an investment property in the US.
Anyone have an experience out there with this?
I'm getting DSCR loan quotes for around 8%. Wanted to see if I could bring that down.
Most Popular Reply
Hey Mat! As long as you report this foreign income on your US Tax Return, then you can use that income to qualify for a conventional mortgage.
- Colby Dorris
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- 615-339-5024
Colby Dorris- Evolve Bank & Trust
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