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Updated over 4 years ago on . Most recent reply

User Stats

15
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Sharon Raziel
  • Flipper/Rehabber
  • Columbus OH
13
Votes |
15
Posts

Looking for refinancing for non US citizens

Sharon Raziel
  • Flipper/Rehabber
  • Columbus OH
Posted

Hi,

I own a duplex in Franklinton neighbourhood in Columbus Ohio and I'd like to check out some refinancing options.

ARV should be around 220,000+.

I am not a US citizen and I don't live in the so today I don't have a credit score and this is my first property.

I'd like to contact any bank or company that does long term loans for 20-30 years.

Any recommendations and what from your experience is the percentage loan I can get and the fixed interest rate?

Thanks for all responders!

Sharon

Most Popular Reply

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3,019
Posts
2,321
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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,321
Votes |
3,019
Posts
Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

This is a sticky wicket for sure.  Your best option will likely be achieved through a commercial loan, a joint-venture type of partnership, or with a conventional loan.  

With the current trends in banking I would anticipate a higher LTV for the upcoming refi than you may have previously anticipated.

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