Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago,
Mortgage for Non Resident Alien
Good afternoon Ladies and Gentlemen,
I am a foreign national that would like to invest in real estate in the US, predominately purchase and hold, renting out SFHs.
I have not narrowed it down to a city or state. At the moment I am trying to ascertain financing options.
What would a typical deposit percentage be on a property in this situation? 30-40%? What sort of paperwork would a bank or lender require to provide the finance? Would it be based on my own salaried employment or would they look at the rental income and plan for the actual property and be happy to finance based on that?
Any help or information would be gratefully received.
All the best,
Joseph