Mortgage Tips for International Buyers

I have heard that it is difficult to find a lender; where do I start looking?

I have had success securing loans for my international clients.  Start your research here:

1.  Look for a lender in your home country willing to finance a home in the U.S.

2.  Contact large U.S. lenders inquiring about mortgage products for international buyers.

3.  It is common to obtain an Adjustable Rate Mortgage from a local lender for 2 years until you acquire credit in the states.  Then you can refinance to a conventional loan with less risk and a lower interest rate.

What do I need for a U.S. loan application?

Being prepared with the right documents can expedite the mortgage pre-approval process.  If possible obtain a pre-approval from a lender prior to coming to the states, but at the least bring the following documents with you when you are searching for homes:

• Total compensation statements for the past 2 years
• Pay stubs for the past 2 months
• A bank statement for the past 30 days
• A copy of a sales contract from your current home
• Yearly tax assessments
• Past credit reports
• Passport
• Visa
• Driver’s license
• Letter from employer confirming U.S. employment and salary
• Plan on a substantial downpayment (20-30% of the sale price)

A Social Security Number will be needed to finalize the mortgage application.  Learn More.  Williamsport’s local Social Security Office can also be of assistance.

Social Security
Suite 100
240 West Third St
Williamsport, PA 17701
1-866-558-2572

Please call me as I can help guide you through this process.

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Relocating to the Williamsport Area

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