The National Association of Realtors carried out a survey showing that many of the foreign nationals or international buyers invested USD 82.5 billion in the U.S.’s residential real estate market; the survey covered a 12-month time period and ended in March 2012. Now, this value of USD 82.5 billion can be equated to 4.8 percent of the total sales that happened within the country’s residential realty market.
Continue reading A Guide That Overviews Foreigners Who Are Investing In The U.S. Real Estate Market
For countless individuals, owing a home in the U.S. is a dream. However, many non–U.S. residents have a fallacy that they can’t get a foreign national mortgage in Florida (or in any other parts of the States; which is why they just can’t own an investment property in the country. So with this post, we’re putting all such misconceptions at rest. Yes, you can own a real estate investment even if you’re not a citizen of the U.S.
Nevertheless, buying real estate within the U.S. can be a bit challenging for a non–U.S. citizen. Actually, there are many foreign national mortgage lenders who are happy to extend credit to those who are not citizens of the country. (Some lenders in the U.S. are willing to provide these foreign national real estate investors the loan even without going through the borrower’s credit history.) Now, let’s read up on some facts that are related to getting foreign national mortgages.
Continue reading Your Short Guide to Getting a Mortgage While Being a Non–U.S. Citizen