International Real Estate Investments
How To Get Finance For US Real Estate Investment by Martin Sejas
In recent months, the amount of US real estate financing has fallen. This is due to the weakness of the US economy as well as banks imposing more controls and as a result, it has become more difficult to get a loan for investment purposes.
Due to the US credit crisis, the facts show that cash deals have become more prominent in the last year for purchasing US real estate for non US residents. Luckily, the National Association of Realtors has started to see lenders relaxing their requirements as the economy begins to recover.
If you are considering getting a loan for US real estate, here’s what the current process involves.
Amount Financed
Unlike loans offered to US residents, foreign investors are usually only allowed to finance 70%, or less, of a homes value. In addition to a sizeable down payment, interest rates and fees are also generally a little higher.
Property Usage
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