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Are you a non-resident in the US? or are you looking for loans on non-owner occupied property?

gmakerley · Posted: Fri Mar 21, 2008 7:39 am Post subject:

i gather you are speaking as a non-US-resident seeking to purchase. in that event, though you may well find someone out there willing to make such a loan, there are no opportunities within the typical framework.

where you might find a lender to do such a transaction is not within my range of knowledge, but perhaps an internet search would raise up a prospect.

Jeanette · Posted: Sun Mar 23, 2008 2:20 pm Post subject:

Hello ANH8,

Welcome to Mortgage Fit,

There are certainly loans for Non-Residents, As it is understood most of the growth is attributable to the borrowers residing in India. It goes, Non Resident Indians (NRIs), however account for a small portion of the home loans business. There might be some eligibility criteria such as an NRI must be a graduate where a resident does not have to be.

However, to answer your questions a non-resident can get a loan.

Thanks,

Jeanette Smith
Mortgage Planner
Union Mortgage Group

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Do you know any loan for home purchasing for non-resident?