Getting a Loan as an U.S. Expat

[Benjamin Poole]

I am a U.S. citizen who has been living abroad for the past nine years. I work for an Australian company, so I've filed taxes in the U.S. for years as required by law, but haven't had any W2 forms. I don't own any property anywhere, but I want to purchase a home in the U.S. for investment purposes. Has anyone in a similar situation been successful at obtaining a mortgage in the U.S.?

[Sammy G.]

A local bank loan in the city you are looking for may work in this situation. The bank may hold the loan rather than selling it so they may rely on your credit, US tax returns and LTV. Usually they may not give more than 70% of ARV but still it's something better than nothing.