Conventional Loan w/o US Physical Address

[Nadja Pritchard]

Hello! My husband and I are trying to get pre-approved for our for a conventional loan for our first rental property (2-4 units). Our situation is somewhat unique because we are contractors currently located in Germany and have an APO (military) mailing address and no physical address in the US. We are retaining our legal Nebraskan residency and would like to invest there. 

We tried to get some quotes through Zillow and the representative on the phone told us (after asking an underwriter) that we would not be able to get a loan due to A. having no physical address in the US, and B. they have no way of knowing if we incurred debt in Germany while living there. 

We also spoke to one local lender who is offering us an ARM loan, which is not something we would want to do.

Did anyone else experience this? Any advice would be greatly appreciated. 

I hope it all makes sense. I apologize if it does not, we are both new to the real estate investments and are learning as we go. 

Best,

Nadja