(FAQs) Frequently Asked Questions

 

Do I need a green card to purchase real estate in the United States?

No. You need only to have a valid visitor's or business visa to purchase real estate in the U.S.

How do I go about applying for a mortgage?

You can apply for a mortgage with us form virtually anywhere in the world. Most of our clients, because of the convenience, prefer to conduct business via the mail (overnight or express mail) and the internet. In some cases, we may have a local representative in the country from which you are applying.

Should I apply for a mortgage before I go looking for a property?

Yes. You should at least get pre-qualified for a mortgage so you would know how much you can borrow, and how much monthly payment you can afford.

What type of costs to expect when purchasing real estate in the U.S.?

These costs vary from state to state, but generally, when there is a mortgage loan involved, there are government taxes averaging approx. 55 to 65 cents on every $100; title work, surveying, and legal fees averaging approx. .875% to 1.55% of the loan amount; and bank or lender fees averaging 1.5% to 2.5% of the loan amount. There are no foreign tax fees. (You would need to apply to determine your actual costs.)

Is it possible to rent out the property that I have purchased in U.S.?

In some cases, it is possible to rent out your property. It depends on your type of mortgage and the type of property you have purchased. If you purchase a condominium, the by-laws may prohibit you from renting out the property.

For more information, please contact us at: info@loans4UShomes.com or call (561) 997-6080.