Finance for non-citizens?

[Brayden Currey]

Hi all,

I’m looking to move over to the US and was wondering if anyone is able to offer advice about borrowing money on a visa.

My current understanding:

We (non-citizens) can get a regular mortgage through a bank only if it’s a home to live in.

Banks consider up to a fourplex a standard property they’re willing to offer a regular mortgage. Assuming I live in a unit.

When it comes to buying investments or flipping regular banks wouldn’t be an option? Alternative loans such as hard money would be the only options?

I could be completely wrong. Open to all and any advice.

Thanks in advance!

[Nicholas Covington]

@Brayden Currey basically you would be looking for a "foreign national" program. For these types of programs, you would be qualifying on stated income and using your money from your bank back home. You will need about 25%- 35%+ to put down in most cases. Rates will vary on the higher side as well, but it still allows you to get the home. 

Normally for these types of programs, you will want to work with a mortgage broker as to help source these types of programs for you. Being one myself I have plenty of resources and access to this specific program, so it's easy to speak on.