Hi, My husband and I are US citizen, living and working in Canada since 2012. We bought a house in 2007 (as a primary residence) in Roanoke, VA, rate 6.75%v on 30yrs. The house is appraised for $ 200k. There is a loan of 40k and and a second mortgage of 35k. Currently my mother in law leaves in it as she recently retired. We have no plans of returning back to Roanoke before our kids graduate from high school (2027). Our application to refinance with our bank in the US. had been declined as we can't justify an US income and our credit score is very low as we do not have any debts besides the house. We have tried with our canadian bank and were declined as well due to lack of credit history and consequently a low credit score.The exchange rate USD vs.CAD being really high, we are losing quite a lot. We would be glad to discuss any suggestions. Thank you. Alexandra

Although there are lenders out there that do foreign national's for financing, you might run into the same problem if you have a low score or limited credit history.. I'm not saying you wont find a lender willing to do your loan, but its unlikely you would get a better rate than you have now.. But you wont know until you try, so the best place to start is to try contacting a local mortgage broker in VA... Brokers deal with many different lenders ( i have 21), with each one offering a variety of lending products.. the more lenders, the more lending options and the greater likelihood your loan will get approved. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

I had another thought on what you might do. If you could sell the home to your mother in law she could possible get a conforming loan with a fantastic rate. Remember, retirement income can often be marked up to more match with w-2 gross pay in her qualifying.Or, you could have your mother in law added to the title and perhaps in 6 monthsshe can refinance with herself as the primary borrower and possibly be the only one on the loan.