Loans for International Clients
This type of loan is presented as the perfect option for those clients who do not live in the United States Our loan offer has been designed with a global perspective, considering the needs and objectives of international clients, mostly from Latin America and Europe.
To take into account:
Our programs for foreigners are loans with fixed interest rate for 30 years.
You can obtain financing for single-family homes, condominiums, apartments, townhouses, that is, those that are laterally joined between walls to other homes, multi-family properties and condo-hotels.
Title to the property may be tied to a U.S. corporation, LLC, or personal name.
This type of loan requires between 25% and 35% down payment, depending on the program and property.
Loan requirements for foreign clients
- Complete the online application.
- Copy of current passport.
- Copy of current visa to enter the US.
- Funds for the initial payment in a USA bank.
- Proof of residence in the country of origin.
- Provide 1 bank reference letter from country of origin.
- Provide the 2 most recent bank staments for each account owned.
- If self-employed or independent, client must present a letter of income signed by an accountant and a copy of the accountant’s license or certification.
- Business owner, provide copy of the document that proves its creation.
- If employed, certification of position from employer cartifying employment.
Depending on the client’s profile, they may need more than the aforementioned requirements, which is why consulting with our team is vital to the transaction
Frequently asked questions
Welcome to our Frequently Asked Questions (FAQ) section where we address the most common queries and provide clear and concise answers!
If you have a different question, please share it in this form and we will respond as soon as possible.
Yeah. The money must be in a bank account in the United States for a minimum of 60 days.
Yes, you only need a visa and a valid passport.
Conversation with a mortgage broker, application & uploading of documentation, issuance of pre-approval letter, search of the property, signing of the purchase contract, appraisal of the property, buying property insurance, updating of documentation, application for the HOA (if buying in a condo), verification of employment, verification of income, preparation for the final closing.
A home appraisal is a professional and impartial assessment or evaluation of the value of a home, which is required by the bank when applying for a mortgage or refinancing. The appraisal ensures the borrower and the lender that the purchase price of the property is fair.
It depends on several factors such as your current financial situation, the value of the property, your credit score, money for the down payment, whether you are a local or foreign client, among others. At New Florida Lending we can analyze all the options and help you make the best investment decision.
It is paid against the amount borrowed (principal), interest, taxes and property insurance. You should keep in mind that if you buy in a condominium, you incur monthly payments to the association HOA as well.
You can have several. However, when applying for another mortgage, banks require some additional documents when a client has more than one active mortgage loan.
