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jkdanu · Joined: 26 Jul 2008 Posts: 1 1.54 Dollars($)

Hi, I am looking for a loan for my investor who is a foreigner. He is prepared to put in 40-50% DP but he does not have a SS nor a verifiable income in the US.

Any ideas on which Banks still offer this type of loan ? Wachovia stopped offering this product last Fri.

Thank you,

James

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The forign investors should have a valid passport and a US bank account to get the loan. With 40 to 50 persent downpayment, he should be able to obtain the loan. So you should shop for lenders.

ckalvesmaki · Posted: Mon Jul 28, 2008 4:54 am Post subject:

Hi, I am looking for a loan for my investor who is a foreigner. He is prepared to put in 40-50% DP but he does not have a SS nor a verifiable income in the US.

Any ideas on which Banks still offer this type of loan ? Wachovia stopped offering this product last Fri.

Thank you,

James

Yes.....There are a cpl of lenders out there that will still do this loan......get with a good broker.

kenl314 · Posted: Tue Jul 29, 2008 10:46 am Post subject: foreigner mortgage-

Hello- I'm a broker in NH/ Mass. I'm pretty sure that Emigrant Mortgage will do that- but it is a wholesale lender and you need a broker to arrange this and take your loan application. If you let me know where the property is, I could help your or refer you to someone who could look into it for you. Thanks,
Ken L.

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Need loan for a foreign investor LTV 50-60%