FREQUENTLY ASKED QUESTIONS
FAQ
1. Can you obtain a mortgage if you’re not a US resident?
Yes you can. You will need to qualify for a Foreign National loan program.
2. Can you buy a property if you’re not a US resident?
Yes, it is possible for a non-permanent resident to buy a house in the United States. Mortgage approval odds generally depend on the lender, type of mortgage, income status.
3. How long can you stay in the US if you own a property?
Depending on which country you’re from, as a Canadian for example you can usually stay in the United States for a maximum of six months (about 182 days), during a 12-month period. The allowed time spent in the USA can occur during one trip or it could be the sum of several trips.
4. What is the required downpayment to buy a property for a non resident in the US?
The down payment can be as low as 20% if this is a second home that is a vacation property. If this is a investment property typically down payment will vary from 25-35% depending on the lender and the qualification requirements.