20% down Foreign National Loan ?

[Boyd Hunter]

Hey BP members I'm looking to finance a property in CA looking for a foreign national loan but hoping to put down 20% deposit if possible. From what I see most lenders like 30% down... Thank you

[Roy N.]

@Boyd Hunter

If your wife is a U.S. Citizen, and you have your green card, once you land in the U.S.A., you should have no problem securing an 80% LTV on a personal residence and would likely be eligible insured mortgage products (up to 95 - 97% LTV) as others indicated.

If you are trying to purchase before you move, does your wife have family who would be able/willing to act as a guarantor on a mortgage?