Im a graduate from Temple University and I currently reside in NE philly.

There are a couple lenders that I know of that entertain working with foreign nationals or non perminant residents on loans like that.I'd love to hear about the investments you've done in France.

Some do seem to be headed by those who think they were knighted into the position and enjoy making it difficult for residents.

I am looking to buy investment properties in WNY and finding it hard as a non resident alien to source a mortgage for several reasons:1 The amount I want to borrow at any one time is only around $30K-$50K - ie to a lender, not really enough to justify the extra exposure to a foreigner.2.

I agree with the other posters and as a former resident investor of O-town,the property is a long term hold. the area has apprecited quite a bit in the last 6 years.

You can qualify for 100% financing once you reach a 575 FICO and can provide income to justify the payments.Once you have done that, and have your credit where it needs to be, try purchasing another house in your area as your new residence.

The homes (single family residence, townhouse, condos etc…) selected for this program are in good to excellent condition, in nice neighborhoods and usually do not require rehab.Qualify Credit Partner.

on a different note, you are selling your primary residence.

Pull out the equity before you rent it out so you can get primary residence rates and buy another houseGood Luck

The IRS would not allow the individual to deduct the mortgage because the interest is not from a personal residence or vacation home and there is no rental property in the individual's name to offset the deduction against the income.