Physical Presence Requirements for Mortgage & Purchase

[Daniel Mulberry]

I am starting to lay ground work for buying an investment property sometime in the next six months. I work out of country and am in the US for only about 30 days throughout the year and that is either for holidays or for work trips.

How much of the financing and closing will be possible from abroad? I have purchased a home previously as primary residence and I remember that much of it required physical presence at the bank.

For what it's worth, I don't foresee any trouble with loan approval. I have enough cash on hand for a down payment and my annual income is stable at about three times the loan amount I will be asking for. I have a very strong credit history. I haven't started the process of pre-approval yet because I want some more pieces in place first so that I don't have to redo it later.

Thanks for your thoughts.