Real Estate Investor · Lakeville, MN · Member since 2008 · 153 posts · 17 votes
Hi,
I have been corresponding with an investor/wholesaler in New Zealand via Skype. He asked me if there is any US mortgages he could obtain for RE in New Zealand. He is very jealous of our interest rates. Anyone heard of anything like that? Thanks.
Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
12y
He is jealous of our rates because they are government subsidized (through Fannie and Freddie)! These rates don't apply for NZ property, only "securities contracts as the term is defined in Section 741 of Title 11 of the United States Code" If he is a NZ investor looking for US property, then check page 325 of the https://www.fanniemae.com/content/guide/sel073013.pdf Fannie Mae selling guide for details.