Mortgages
Whether you require a US mortgage or wish to perhaps raise money against your existing property here in the UK, we can arrange for you to be provided with the most appropriate independent advice both here in the UK and in the USA. This will enable you to make an informed choice as to the options open to you and the current rates available.
Non US resident mortgage loans
As a non-resident of the USA you must put down a minimum of 20% as a deposit and could then apply for a mortgage to cover the remaining 80% of the purchase price.
You would need to supply the following documents:
- Copy of passport and VISA.
- 2 most recent pay slips and 2 years tax returns or P60’s.
- Pension statement (if applicable).
- Letter from employer stating last 2 years gross earnings.
- For the self employed. Accountants letter showing 2 years gross income year to date.
- Current annual mortgage statement in the UK to prove payment history.
- Last 3 months bank statements from the account that the funds will be coming from.
If you increase the deposit, some of the above requirements will change and some documentation is then not required i.e. If 25% deposited, there would be no need for proof of income, and if you deposit 30%, you may also qualify for a lower interest rate.
Some of this information is liable to change without notice, but you’re independent adviser, or mortgage provider will keep you informed of all that is required.
