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Foreigners Buying in the USA

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Shai Flax
  • North Richland Hills, TX
79
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156
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Looking for help with a mortgage

Shai Flax
  • North Richland Hills, TX
Posted Aug 2 2021, 05:55

Hi BP!

I'm an American citizen (but not a resident). I've built my credit score in the past few months and it's high enough to get a mortgage.

BUT-  as an OOC investor, I'm really not familiar with all the mortgage opportunities and all the programs that are available for me. 

Do any of you have a mortgage advisor or someone that I can talk to who can help me find the best finance for me?

(I'm not looking for HML, I've already used one, I want financing that is not 60% LTV...).

Thank you in advance,

Shai

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Elizabeth M Williams
  • Real Estate Consultant
63
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79
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Elizabeth M Williams
  • Real Estate Consultant
Replied Dec 8 2021, 02:59

Hi Shai, did you manage to find one? We did one through HSBC, and it was a total pain, and we put 40% down. I know that these guys in the link below also do it, but the mortgage rates will be a bit higher. 



America Mortgages | World’s Only U.S. Mortgage Specialist

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Brian Evans
  • Real Estate Agent
  • Cleveland, OH
10
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19
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Brian Evans
  • Real Estate Agent
  • Cleveland, OH
Replied Dec 20 2021, 18:48

@Shai Flax send me a message and I’ll refer you to someone.

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User Stats

156
Posts
79
Votes
Shai Flax
  • North Richland Hills, TX
79
Votes |
156
Posts
Shai Flax
  • North Richland Hills, TX
Replied Dec 21 2021, 00:17

@Elizabeth M Williams Thanks! May I ask what was your interest rate? I can get a loan with 80% LTV with a lender but the rates are not amazing...

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79
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Elizabeth M Williams
  • Real Estate Consultant
63
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79
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Elizabeth M Williams
  • Real Estate Consultant
Replied Dec 21 2021, 03:06

@Shai Flax I think it was right around 4.5%, so definitely at a premium. We only bought it as a placeholder in case we want to live in the US, but for real estate as investment, we invest in syndications. 

User Stats

156
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Shai Flax
  • North Richland Hills, TX
79
Votes |
156
Posts
Shai Flax
  • North Richland Hills, TX
Replied Dec 25 2021, 23:54

@Elizabeth M Williams This is actually not that bad, my current rates are 5.5% so 4.5% is pretty sweet.

I'll def reach out to them. Thanks!