Purchasing a Property
Embarking on a property acquisition abroad is undeniably an exhilarating journey. However, securing the necessary funds for your overseas investment often stands as a significant challenge. Fortunately, there are several financing avenues available to facilitate your international real estate dreams, whether you’re eyeing a vacation home, an investment property for your child’s overseas education, or a future retirement haven.
- Borrowers with No US Credit Eligible (Letters of reference from Country of Origin Required)
- Specific to Non-US Residents looking to purchase a property in the United States for Investment Purposes
- Loan Amounts up to $2.5M
- LTV’s up to 75%
- Eligible for DSCR Ratio’s down to 0.75
An overseas mortgage, in essence, refers to a mortgage obtained for a property located outside your country of residence. It’s crucial to bear in mind that purchasing property abroad can entail a distinct process compared to your domestic experience. Moreover, the legal safeguards you’re accustomed to may not necessarily apply, contingent upon the specific location.
Navigating the terrain of international property acquisition also necessitates consideration of various factors. These encompass foreign ownership regulations, taxation guidelines, currency exchange fluctuations, planning permissions, exit strategies should you choose to sell in the future, and insurance coverage. Given the multitude of intricate details that may be unfamiliar, selecting a lending institution well-versed in local laws and boasting international expertise within your desired foreign market is paramount.