foreign financing
AdHello:I am retired and living in France. I am looking for an American mortgage for a French beachfront property. I have guaranteed income, a perfect US credit rating, no outstanding debts, and 120,000 euros in equity for my normal house. The price is 120,000 Euros. I would put in 20,000 Euros for an immediate renovation and would like to borrow the rest. Please contact me if I fit your profile. Thanks Steve Fazekassteven.fazekas@orange.fr by steven_709_181 from , . Dec 1st 2012
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
No such product exists... you need to borrow from a lender in France... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Standard "American" loans (Fannie Mae, Freddie Mac, FHA, VA, etc) are for properties located in the United States only.
Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions
If the property in the US there are special loans for Foreign Nationals generally with 50% down. If it is outside of the US then you will most likely need to find a Private lender, Hard Money Lender, or Portfolio lender which can be down on the internet.
Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions
Intriguing. The private money lender I knew of...would likely be more costly and worse in rate than that the loans available in France. You file taxes in the United States currently? Do you have U.S. credit? I will have to check with the portfoliolenders I represent on Monday.
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