For foreign investors looking to buy property in the U.S., understanding the mortgage process is essential. When managed correctly, it enables you to acquire valuable assets while preserving cash flow.
Steps to obtain a mortgage:
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Eligibility Check: Banks review credit score, income proof, and tax history. Foreign buyers can apply using SSN or ITIN.
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Down Payment: Typically, 30-40% is required from non-resident buyers.
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Documentation: Valid passport, income statements, bank records, and property details must be submitted accurately.
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Loan Type: Fixed and adjustable-rate mortgages are available. Choosing the right one affects long-term costs and monthly payments.
At Tony Ocal LLC, we identify the best loan types for your profile, prepare your pre-approval documents, and coordinate with banks throughout the process.
Using a mortgage is a strategic tool, especially for investors who wish to leverage financing while entering the U.S. credit system.
