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Old 06-21-2008, 06:32 PM
 
15 posts, read 49,136 times
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I'm thinking about purchasing an investment house in the US. Is there any way of getting a us dollar mortgage from overseas?
Thanks
PAULZ
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Old 06-21-2008, 07:20 PM
 
175 posts, read 549,954 times
Reputation: 47
You mean you want to buy a house site unseen, and get a mortgage on it? That sounds crazy.
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Old 10-01-2008, 01:21 AM
 
1 posts, read 1,560 times
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Default Dollar

What kinds of options are available for US dollar and how do they work?
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Old 10-01-2008, 09:06 AM
 
Location: Barrington
63,919 posts, read 46,748,172 times
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Generally speaking, non-resident alient financing might be considered by an alternative credit lender. They typically required at least a 30% down payment to be considered for a "stated income" loan. The interest rate charged was substantially higher than a conventinal loan.

Many of these alternative credit lenders are no longer in business and the global credit crunch is making it more challenging for everyone to qualify for a loan.

You may get a more current situation response on the mortgage forum:
//www.city-data.com/forum/mortgages/
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