Thursday, January 29, 2009

Opportunities for Foreign National Borrowers

Currently there are at least two banks in Hawaii that are doing loans for Foreign National Borrowers. The possession of a work visa, social security number, and US credit will make the transaction easier.

Down Payment:
Owner occupied or second home: 30% with a loan amount up to $625,500
Non owner occupied: 40% up to a loan amount of $625,500
Owner occupied or second home: 40% up to $1,000,000

1 Unit properties only

Title must be held by a natural person

Requirements:

Credit: 3 trade lines with 24 month history on a US Credit report or 3 letters of credit with 24 month history.

Income: All income and asset documents shall be translated to US equivalent by a disinterested third party

Assets: Converted to US dollars

Requires a representative in the U.S..

1 comment:

Anonymous said...

Hello! :)