Mortgages for foreign nationals in the US - How to buy your dream home?

June 9, 2010 - PRLog -- Dreaming about a second/vacation home in the US that will turn to be a profitable long term investment for you and your family? If so you are hardly the only one.  Lately our office has been receiving a large and increasing number of calls from client’s worldwide inquiring about US properties and the ways to finance them.

There is a lot of confusion. Many of us know how much we can spend for a home but is it possible to obtain the US mortgage if you are a foreigner? What are the best states to purchase a second home?  Who can help with financing for the purchase?

I have been a pioneer in foreign national mortgages in the US for a long time and I am always glad to answer those questions. I always liked to work with international clients and above all it is part of my job to make sure potential clients understand their options.  My first advice to the potential client is to go to my website www.1st-capitalgroup.com open and fill out our FREE PRE-APPROVAL page. With that I can confirm client’s eligibility and qualification for foreign national mortgage in the US. Once we know how much you can afford and what mortgage terms, interest rate and payments are the rest is easy. Now days answer can be a click away. Most of us use the computers on a daily basis. So my advice is, take your time search for the property in the state you desire. If it happens to be Florida you can search live MLS listings for the entire Florida right from my website. If different state www.realtor.com can be a good starting point as they have over 3 million listings.
After you get idea what is available for the particular geographical area, the next step would be to find yourself a good real estate agent. If you do not know who to chose, I can help you with that as well. My mortgage company works with a lot of professional realtors nationwide as we do mortgages for their clients. In the US it is customary for the seller to pay for the real estate agent services at closing. You will not incur any expense for the service of a good agent that’ll work for you and negotiate the purchase price on your behalf.  
Lastly, if you end up chosing us, you should work closely with my office in providing us with all required documentation for the mortgage prior to submitting an offer on the property as it will greatly help us expedite the entire mortgage process.
Good luck in your dream home hunting and do not hesitate to contact Nick Lazarevic at 1-954-357-3838 or info@1st-capitalgroup.com should you have any questions or concerns.