Newcomer in Seattle - Looking for Duplex or Multifamily Realtor

[Shreesha Jagadeesh]

Hi everyone !

I am a Canadian moving south of the border to work at a large tech company in Seattle. I am new to the US with no credit history (however I have 800+ credit score in Canada, a good income through which I had already purchased a $500k investment property last year through a mortgage and no other debts). I am thinking of expanding my portfolio in whichever city I would be working in (in this case Seattle). I understand that in the US, most banks look for 2/2/2 for determining mortgage eligibility, ie 2 years of income, 2 years of tax returns and 2 months of bank statements. 

Question to the forum:
1) Are there financial institutions where I can get a 5 or 10% down, 30 year mortgage (sub 3.5% interest) for someone like me who doesnt have a 2 year income history or Tax returns in the US but very good income from a top tech company?

2) If above is true and the banks are willing to give me a mortgage, then I am willing to explore Seattle and its neighborhoods (50 mile radius). I understand Seattle itself will be too expensive and willing to move far. I would like to connect with Realtors who specialize in Duplexes, 3-plex or 4-plexes which have 'good' cashflow (7%+ CAP rate). I plan to live in one of the unit and rent out the others.

Regards,
Shreesha