Rental Property Investor · Madrid, Spain · Member since 2014 · 134 posts · 18 votes
I am a US investor who currently works and lives in Europe. I was surprised after calling a few of my favorite conventional mortgage providers that they're no longer providing mortgages for anyone whose income is generated outside the US. This wasn't the case last year and I am not sure what changed exactly. Any recommendations on mortgage providers nationwide that deal with foreign investors? I am a US Citizen so I am not technically a foreign investor but my income is mostly generated outside the US.
There are a couple lenders that my partner has worked with for expat financing. The one he ultimately uses provides similar terms to conventional mortgages but I believe the rates are ~2% higher than normal; possibly a bigger down payments as well. DM me if you want me to connect you two.