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Need to get a mortage loan in Czech Republic to purchase home but all income is US is there any loan available in the Czech

by bob_541_698 from Atascadero, California. May 14th 2013 Reply


Michele Kole (MicheleKole)
#860 ranked lender in California - 9 contributions

Hello Bob, I would contact your bank and ask who they could refer you to in the Czech Republic. Most large banks in the US have relationships with their foreign counterparts. They should be able to tell you what you will need to do to get a loan over there. Hope this helps you. Good Luck!

May 14th 2013
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

I don't think a US bank will lend to you in such a scenario. Dave has the right idea. Find a bank that has offices here and there and apply that way. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Certified by the National Association of Mortgage Professionals and Licensed in California and Arizona ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

May 14th 2013
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Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions

Sorry I can not help you

May 14th 2013
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Steven Cook (stcookmortgage@gmail.com)
#37 ranked lender in Washington - 256 contributions

Bob -- you have two options: 1) borrow against equity here in US to purchase with cash in Czech Republic or 2) set up bank account in Czech Republic. They allow foreign accounts, and are not bothered by US currency being kept in the account. Once you have set up the account, I would suggest you talk to some ex-pats who are there to get some suggestions as to good real estate agent, and where best deal for financing might be found. (You might even want to talk to some of them before you transfer your funds in, so if it helps you can put the funds in the bank you would be borrowing the money from.)Hope this helps.

May 14th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

Contact an international bank that has offices both in USA and Czech Republic.

May 14th 2013
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