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Updated about 1 year ago,

User Stats

24
Posts
18
Votes
Eric Sato
18
Votes |
24
Posts

Finding a lender while living overseas

Eric Sato
Posted

Hi, 

I am new to the USA real estate game (new to real estate in general). 

Quick Version: How difficult will it be to find a lender for purchasing properties in USA, while my W2 income is entirely non-US based Income and while I am primarily a resident of Japan? 

Long Version: I live and work in Japan and my entire salary is Japan Yen based. I am however a US citizen with a 750-800 credit score (dropped from 800 recently as I opened 2 new credit cards, doing the flying/MileMethod/points strategy, and expect it to go up again in about 30 days). 

I have US tax returns, as I do need to file both in Japan and USA. I also send majority of my money back to the states for investment purposes. I also travel back to the states a couple times per year (and could travel more often if needed). 

Total Compensation (pre-tax) with Bonuses and RSUs is around 280-300k USD ATM. I also just purchased three single room properties in Japan, at 0% down, since Japan interest rates for investment loans are still only about 1.7% (0.3% for personal mortgage loans). 

I want to purchase a property in Colorado Springs this summer as either a long-term or midterm rental (traveling nurses, etc…), and I want to know my best chances for finding lenders. 

Any advice would be greatly appreciated. 

Cheers, Eric Sato

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