Owning a Home in America is a dream everyone can achieve
Why you need us
- Most times, the banks can’t access you directly. So, they need experts like us to help them reach you and ensure you can access this amazing opportunity.
- We at GTA Mortgage provide mortgage services to Individuals who don’t live in the U.S We help them purchase a home of their choice with ease and convenience.
- We will hold your hands and walk you through the process of purchasing your dream home.
- As professionals with deep industry experience, we help you choose the right mortgage plans and guide you on best practices for accessing the loan.
How you can get started
Alright! Let’s talk about the requirements. As a general rule, all foreign nationals are expected to pay a down payment of 30% for the property they desire to purchase.
The remaining 70% is then funded by the loan providers.
For example, Lets say the total cost of the house you wish to buy is $10,000. You will have to pay $30,000 as your down payment and then the Loan provider will fund the remaining $70,000 But that’s just the first part.
Let’s look at the other requirements shall we?
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Here are a few Advantages of the Foreign National Loan:
- Your payment won’t change through the life of the loan.
- Great for those planning on staying in their homes for at least 5-10 years.
- Rate and payment security.
- Stability makes budgeting easier.
Testimonials
Frequently Asked Questions
If you are a citizen from another nation, you can still have the opportunity to get a mortgage loan to buy a property in the United States.
It refers to mortgage loans that are accessible to individuals who do not reside in US. This makes it possible for people from other countries to buy houses of their choice in US without having visa or citizenship.
Foreign National Loans can be processed within a period of 60 days or less.
The minimum down payment is usually 30% of the total price of the property you wish to purchase.
Generally, you will need to provide a 2 months recent bank statement, 2 copies of your passport, a reference letter from your local financial institution [Bank] and a letter of intent from the individual applying for the loan.
Foreign National loans are only available for residential properties. Commercial properties are not eligible for this type of loan.
The minimum down payment is usually 30% of the total price of the property you wish to purchase.
Generally, you will need to provide a 2 months recent bank statement, 2 copies of your passport, a reference letter from your local financial institution [Bank] and a letter of intent from the individual applying for the loan.
Foreign National loans are only available for residential properties. Commercial properties are not eligible for this type of loan.