Mortgages for Foreign Nationals currently require a minimum of 30% deposit, leaving an LTV (Loan to Value) of 70%, with the Loan Term typically 30 years.

The two options available are either a Fixed Rate Mortgage for the 30 year term, or a 5/1 ARM (Adjustable Rate Mortgage). This means that the Interest Rate is fixed for the first 5 years, and is adjusted annually thereafter.

Please contact us for the Current Interest Rates.

To fill in the Online Application Form (1003), please click here .

In addition to the information supplied in the Online Application Form, the following is also required to complete the Loan Application Package with the Lender:

*  Copy of your Passport(s), showing the photo page, and also a copy of Driving License (Picture Type is preferable).

*  Three Bank or Credit References, stating the length and type of the Relationship. ( If you have joint accounts, then one letter from each institution showing both names, if not then one letter from each institution for each borrower ).
If you do not have three bank accounts, then a credit reference letter from a Utility Company (Telephone, Gas or Electric) will be acceptable. If you are Self Employed then a Trade Reference is acceptable.

* Three Months most recent Bank Statements, showing ALL pages and ALL accounts, from both your Home Country and the U.S.A. (If applicable).

* Proof of any other Liquid Assets (Retirement Accounts, Stocks & Bonds, Life Insurance) or any other Income (Pensions etc).

* If you are Self Employed we need a Letter from your Accountant (on Company Letterhead), stating the Business Name, Length of time in the business (should be a Minimum of Two Years), Type of business, Position Held, and the last Two Years of   Personal Income, plus Year to Date figures.

* If you are Employed then a letter from your Employer (on Company Letterhead), stating your Position within the Company, How long you have been Employed, Last Two Years Income, and Year to Date Income, Last Two Months Payslips.

* Copy of the last Two Years Mortgage Statements, including Up-to-Date figures.

* Copy of the last Three Months Credit Card Statements.

* Copy of Fully Executed Sales Contract – signed by both Seller AND Buyer.

* Copy of Escrow Deposit check (Front and Back), or a copy of an Escrow Letter from Builder or Title Company. – This is the Initial Deposit(s) shown on the Sales Contract.

If the transaction is a Refinance, then we also require the following:

* Copies of your present Mortgage Statements for the last TWELVE months. The Title Company will then order a pay-off on the existing mortgage.

* Copy of the existing Survey -  This will avoid the need to pay for a new one as it is valid for 10 years.

* Copy of existing Insurance Policy, or Insurance Agent including Phone Number.

* Copy of Title Insurance Certificate – This will allow you a discount on the Title Company’s Charges, as they will be able to order the new Title Insurance from the existing Insurer.