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Updated about 1 year ago on . Most recent reply

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Mortgage on a property for Foreign investors

Rajesh Rajendran
Posted

Hi,

I recently bought a property with full cash in Cleveland for about ~130k. Can I get a mortgage on this property considering the following? 

- The property is under a U. S LLC.

- Me and my wife, the partners of the LLC are foreign nationals not currently in the U.S.

- I have a valid SSN and lived in the U. S for 8 yrs until 2022.

The reason I ask this is if I can start looking for another property with the new mortgage. 

Thanks. 

Most Popular Reply

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1,140
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Tarik Turner
  • Lender
  • Hackensack, NJ
358
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1,140
Posts
Tarik Turner
  • Lender
  • Hackensack, NJ
Replied
Yes it can be done as everyone mentioned here. A few things that I will add is
if you will be in a different country at the time of closing on the mortgage your lender may require you to sign docs at a us embassy.
You must also have a US bank account in most cases
Depending on when you purchased the property their maybe a seasoning period unless you are doing a delayed purchase

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