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Can Canadians with no credit history in USA Assume the seller's mortgage?
Hi Bigger Pockets!
I've recently came across this technique of assuming the sellers mortgage when purchasing the house. I am a Canadian investor and I am looking towards diversifying my portfolio in the US. Given that I do not have any American credit established, the technique of assuming a mortgage is very attractive to me.
However, my concern is that will I be eligible to assume a mortgage given that I am not American? I've checked out some posts and some people say that although you can assume a mortgage, banks will look at your credit score and unfortunately as I already know, Canadian credit history doesn't follow me when I decide to buy a house in the US
Anyone know the answer to this? Thanks!