Many international clients visiting the US often believe they need to pay all cash for real estate transactions due to a lack of available loan programs for non-residents. However, as Michael explains, there are indeed financing options available for those with the appropriate visa. Specifically, a low documentation loan program requires a 35% down payment and offers a 30-year fixed loan solution. Key requirements include having a US bank account and ensuring that funds are deposited into this account before proceeding to escrow and closing. This makes it feasible for international tourists to purchase property in the US without the need for an all-cash transaction.
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
