FREQUENTLY ASKED QUESTIONS:

U.S lenders loan money on the property not the person, hence there is no age limit, a 100 year old can obtain a mortgage for 30 years without a problem.

Loan Rates:
Can be fixed for the entire rate of the loan, this can be attractive for people looking to buy to let.

Deposits & documentation required:

1. Letter from employer to include, position, start date & annual salary.
   If Self-employed, then letter to include: date business first started, nature of business, prior 2 years earnings & current year to date earnings.
2. Verification of cash to close: Most recent one month bank statement or letter from banking institution for all deposit accounts being considered for cash to close & reserve.
   Wire transfers, ATM printouts: copies of passbooks & unsigned bank printouts are unacceptable.
3. Credit reference letter on company letterhead, which reflects telephone number & address.
   The letter to state:
   This letter is to inform you that.....which
   I.D number....has been doing business with our organisation since...All of his/her accounts have been in good standing, should you require any further assistance, please feel free to call me at...Yours.....( name & title of person signing document )
4. Must be able to verify 6 months of mortgage payments plus monthly homeowners association fee in U.S account prior to closing.
5. Copy of visa or passport is required on all foreign national borrowers ( legible, current & signed )

25% Down payment:
Documentation required:
Delete item No 1, but all other items required.

 30% Down payment:
 Documentation required:
 Delete items 1, 2, 3, & 4 but must open U.S bank account & provide evidence that you  have a 'positive' balance.

*ALL INFORMATION PROVIDED ABOVE IS SUBJECT TO CHANGE WITHOUT NOTICE.