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Updated over 7 years ago,
Can foreigners get mortgages in the USA?
Hi everyone
I'm fairly new to BP and I'm looking for advice on how to secure a loan to invest in the USA. I live in Canada and I own 1 single family home in Arizona. I'm looking to add a few more to my portfolio.
I have about 200k usd cash also.
I'd like to know if it's possible for me to get a traditional loan in the USA at a decent rate.
I have spoken to a broker and this is what I'm being offered
1 Fixed Rate ARM
Rate at 25% down would be 7.99%
Rate at 30% down would be 7.745%
Rate at 35% down would be 7.615%
Rate at 40% down would be 7.495%
Rate at 45% down would be 7.365%
These seem high compared to my 3.2% heloc I have in Canada, is this a good rate in the USA?
Thanks...