Is it possible to obtain a mortgage loan for a USA home from a foreign country?
351245
Yes, its called carry-trading, and the most popular place to do it is Japan because the interest rate there is 0.01%, which means that loans are cheap at the moment.  But its not available for all U.S. states.  Email me with details if you want to know more.
595011
There are plenty of options available to you.\n\nThere is a great free report at http://www.first-time-homebuyers-loans.com that will point you in the right direction.  It is very helpful, but to big to copy it here.\n\nGood luck,\n\nGreg
435617
Depending on which state you are in you can call any title company located in the area of the property, ask for customer service, and get a preliminary property profile report for free!\nI do it all the time and I am in CA.\nGood luck!\nIf you are looking to buy a home and need the financing still please feel free to e-mail me and I will put you in touch with the best company I know of who can do loans across the country!\n\nThomas@Simmonsrealty.net
1147747
YES\n\nA reverse mortgage is a special type of loan used by older Americans to convert the equity in their homes into cash. The money from a reverse mortgage can provide seniors with the financial security they need to fully enjoy their retirement years.\nMany of the same costs that someone pays to obtain a home purchase loan, or to refinance their existing mortgage, apply to reverse mortgages too. You can expect to be charged an origination fee, up-front mortgage insurance premium (for the FHA Home Equity Conversion Mortgage or HECM), an appraisal fee, and certain other standard closing costs.\n\nIn most cases, these fees and costs are capped and may be financed as part of the reverse mortgage. Below is a more in-depth explanation of each type of fee. \n\n\nOrigination Fee\nThe origination fee covers a lender's operating expenses—including office overhead, marketing costs, etc.—for making the reverse mortgage. \n\n\nUnder the HECM program, which accounts for 90 percent of all reverse mortgages made in the U.S., the origination fee is equal to the greater of $2,000 or 2 percent of the maximum claim amount (i.e., county FHA loan limit). Currently, the FHA loan limit varies from a low of $200,160 (for rural areas) to a high of $362,790 (for high-cost metropolitan areas). Therefore, the 2 percent origination fee generally ranges between $4,003 (2 percent of $200,160) and $7,256 (2 percent of $362,790). \n\nHome Keeper borrowers are charged an origination fee that may not exceed 2 percent of the value of the home. With either product, the entire amount of the origination fee may be financed as part of the mortgage. \n\nMortgage Insurance Premium\nUnder the HECM program, borrowers are charged a mortgage insurance premium (MIP), equal to 2 percent of the maximum claim amount, or home value, whichever is less, plus an annual premium thereafter equal to 0.5 percent of the loan balance.\n\nThe MIP guarantees that if the company managing your account – commonly called the loan “servicer” – goes out of business, the government will step in and make sure you have continued access to your loan funds. Furthermore, the MIP guarantees that you will never owe more than the value of your home when the HECM must be repaid. \n\nAppraisal Fee\nAn appraiser is responsible for assigning a current market value to your home. Appraisal fees generally range between $300-$400. \n\nIn addition to placing a value on the home, an appraiser must also make sure there are no major structural defects, such as a bad foundation, leaky roof, or termite damage. Federal regulations mandate that your home be structurally sound, and comply with all home safety codes, in order for the reverse mortgage to be made.\n\nIf the appraiser uncovers property defects, you must hire a contractor to complete the repairs. Once the repairs are completed, the same appraiser is paid for a second visit to make sure the repairs have been completed. The cost of the repairs may be financed in the loan and completed after the reverse mortgage is made. Appraisers generally charge $50-$75 dollars for the follow-up examination. \n\nClosing Costs\nOther closing costs that are commonly charged to a reverse mortgage borrower, include: \n\nCredit report fee. Verifies any federal tax liens, or other judgments, handed down against the borrower. Cost: Generally under $20 \nFlood certification fee. Determines whether the property is located on a federally designated flood plane. Cost: Generally under $20 \nEscrow, Settlement or Closing fee. Generally includes a title search and various other required closing services. Cost: $150-$450 \nDocument preparation fee. Fee charged to prepare the final closing documents, including the mortgage note and other recordable items. Cost: $75-$150 \nRecording fee. Fee charged to record the mortgage lien with the County Recorder's Office. Cost: $50-$100 \nCourier fee. Covers the cost of any overnight mailing of documents between the lender and th
235810
No.  Mortgages are on specific properties.  You cannot transfer them from one to another.  Sorry!  To be absolutely sure, call your mortgage company, they will be able to answer it for you for certain as they are the ones granting the mortgage in the first place.
1114731
You can.  I know people who have done it.  In some very rare times you can even recieve a check when you buy a home.  It is possible but not always easy.  Each market is different and each seller is too.
996940
Don't do it. Not worth the trouble. The communication, and the overseas issue is going to be too much to worry about as opposed to visiting a good ol' American bank. A couple dollars isn't worth the stress. \n\n"Nothings better than home cookin' "
565031
If you own real estate in the US you can get a mortgage on that asset and use it for the house in Belgium. If not you will have to go with a bank or institution that has a branch in Belgium so they can seize the house in worst case. \n\nOn the other hand it is quite common in Belgium to rent.
125874
no, i just looked into this. the answer is flat out no. they wont even work with you on this one. va only backs loans for homes in the U.S.
359956
It is possible to own property in many countries. Best thing to do is find a real estate attorney in the country where you want to buy this house. It will cost you alittle bit more, but you will know that you are following the rules.
769231
Yes you would be able to get a mortgage, but there are certain things that will help improve you programs. Like if you have re-established credit. Example if you have a credit card, car loan or some other form of credit. I have been able to help people buy homes the day out of a bankruptcy. Fell free to log onto my company website http:/justgetaloan.net/ for a fast free pre-approval, low rates, great loan programs and service. Or for additional info feel free to contact me at 866 530 7300 ext 7305 or by email at jfreeman@justgetaloan.net
512071
You didn't say whether you were asking this as a U.S. resident seeking information on transacting a deal abroad, or as a U.K. resident seeking business information in your home country, both which could require different answers.\n\nHowever, here's a brief primer on commercial mortgage transactions in the U.K. that could be helpful in many circumstances, courtesy of Expat Focus, which provides information for folks living or moving abroad:\n\nIn many ways a commercial mortgage is just like a residential mortgage in that you pledge real property as collateral against a loan to either buy or refinance that property.\n\nYou can also receive a commercial re-mortgage and use it as a line of credit for any business purpose.\n\nWhen you use a commercial mortgage to buy property, or to raise funds for any other business purpose, the lender retains an interest in that property until the loan has been paid in full.\n\nUnlike other types of business loans, which usually have a relatively short repayment period, you can take out a loan for as long as 30 years if you like. \n\nThe lender receives repayment of the commercial mortgage principal and interest over the lifetime of the loan.\n\nIf you default on the loan and go into arrears then the lender can foreclose and take possession of the property which was used as collateral. \n\nHope this helps,\nNewarview
12373
Don't lend money outside of the USA.  It will be almost impossible for you to sue the other party.
493366
It depends on the state in which you want to originate loans.  Here in Minnesota you are not required to have any formal training or licensing to work for a mortgage broker and originate loans.  If you want to own a mortgage company or you want to get paid as an independent contractor (if your broker allows it, mine does) you must apply and pay for a MN State Origination License.  Pay the fee and you are good to go
846967
of course a lender will finance the house. As long as the house is worth at least what they are asking, you shouldn't have any problems financing the house.
215578
my husband is German, and I lived there for awhile. Have no worries- nobody cares about your US credit records there. I think this whole system was invented here, and it is not practiced anywhere else in the world. Or at list not in the same way. If you want to buy a house in Germany, of course you would need some type of proof of financial independence, as well as down payment. To just open an account, or to rent a place- you need an employer or proof that you are making money or have money on the bank account.
1012787
You can probably do it, but you'll have to shop around.  Most banks don't offer mortgages on unimproved land, but there's got to be a few that do - but the interest rates may not be so good!