Author: Premela R.

Here’s the Mortgage Loan You’ve Been Waiting For!

Mortgage Loan

As a foreign national or U.S. expat investor, there are times when you need liquidity fast than traditional banks may be able to move. America Mortgages’ bridge loans help investors bypass the complexities and time constraints of conventional financing, providing a seamless, efficient and quick solution for releasing liquidity or funding an acquisition. 

What is a Bridge Loan?

A bridge loan, also known as interim financing, asset based or gap financing, is a short-term loan used by borrowers to cover immediate cash needs while awaiting long-term financing or the sale of an asset. America Mortgages offers flexible, bespoke bridge loans designed to suit the unique requirements of foreign nationals and U.S. expats investing in the American real estate market.

Liquidity Issues? America Mortgages Bridge Loans to the Rescue!

When it comes to real estate investments, liquidity issues can arise for both foreign nationals and U.S. expats. America Mortgages’ bridge loans provide the perfect solution, as they enable investors to access funds quickly, helping them overcome any short-term financial hurdles. By choosing America Mortgages, you can rest assured that your investments are in safe hands, as our team works diligently to ensure a smooth and hassle-free experience.

Benefits of AM Bridge Financing for Foreign Nationals and U.S. Expat Investors:

  1. Speed: Our bridge loans provide quick access to funds, allowing you to seize lucrative investment opportunities as they arise.
  2. Flexibility: America Mortgages offers tailored loan solutions, adapting to the unique needs of foreign nationals and U.S. expats investing in the American property market.
  3. Expertise: Our team of professionals has extensive experience in the mortgage industry, ensuring that your investments are well-guided and secure.
  4. Competitive Rates: By working with America Mortgages, you gain access to competitive interest rates and loan terms, making your investment journey more cost-effective.

America Mortgages is a leading mortgage provider specializing in helping foreign nationals and U.S. expat investors obtain bridge financing for their real estate needs. With extensive experience in the industry, America Mortgages has tailored solutions for overcoming liquidity issues and bridging the gap between property transactions.

America Mortgages is committed to empowering foreign nationals and U.S. expat investors with the necessary financial tools to succeed in investing in the U.S. real estate market. Our bridge loans offer a fast, flexible, and reliable solution for overcoming liquidity challenges and supporting your property investment goals. Get in touch with us today and discover a world of opportunity in the American real estate landscape. [email protected]

 www.americamortgages.com

AM PrimeSelect: The Ideal Mortgage Solution for U.S. Expats with Foreign Income

American Mortgage Lenders

Are you an American expat residing overseas, earning income from your foreign assignment, and filing U.S. income tax returns? America Mortgages has got your back with a specially designed U.S. Home Loan Mortgage program that considers your situation. With PrimeSelect, you can use two years of your U.S. tax returns and your monthly foreign income to qualify for a mortgage, just like you would if you were in the U.S.

The global credit crunch, which resulted from U.S. banks’ cavalier attitude towards mortgages and other loans, has made it more challenging to obtain a mortgage from a U.S. lending institution. This difficulty is compounded for expats since many lenders won’t consider lending to foreign-earned income. However, America Mortgages PrimeSelect offers you the opportunity to invest in U.S. real estate at prime rates, terms, and programs, regardless of your location.

To qualify, you must prove your employment and financial stability and have sufficient funds to repay the loan. Having a larger deposit will provide more mortgage options. America Mortgages PrimeSelect allows up to 90% financing for a second home purchase, and the LTV ratios are generally around 80-90%. The maximum term for the mortgage is 30 years, regardless of age.

Unlike other programs that restrict LTV for U.S. expats with foreign-earned income, America Mortgages PrimeSelect has a debt-to-income ratio limit of 45%, allowing more flexibility due to the fluctuation of the U.S. dollar to other currencies.

With a wide range of mortgage products, including variable or fixed-rate mortgages, interest-only mortgages, and no prepayment penalty loans, America Mortgages has got you covered. If you have the income, but it doesn’t show on your U.S. tax returns, America Mortgages StatedSelect allows you to state your income without providing proof, making the process simpler.

To qualify, you need to supply two years of U.S. tax returns, two months of bank statements (foreign okay), one month of pay statements, passport or driver’s license, social security card, and U.S. credit score (FICO). At America Mortgages, our associates and partners are available to answer any questions you may have regarding our loan programs. Reach out to us at [email protected].

No Citizenship? No Problem! How to Get a U.S. Mortgage as a Non-U.S. Citizen

American Mortgage Lenders

If you’re a non-U.S. citizen interested in buying an investment property in the United States, you might think getting a mortgage is out of the question. However, this is not necessarily the case. It is possible to obtain a U.S. mortgage even if you are not a U.S. citizen or have a green card.

The type of mortgage you can obtain depends on your residency status. If you are a permanent resident alien with a green card, you can apply for a mortgage in much the same way as U.S. citizens. You will need to provide documentation showing that you have a green card and a social security number. Lenders will look at your credit history and financial situation to determine whether you are eligible for a loan.

If you are a non-permanent resident alien, meaning that you don’t have a green card but you do have a social security number or an ITIN (Individual Taxpayer Identification Number), in that case, you can still obtain a mortgage. To do so, you will need to provide a work permit or special employer-sponsored visa, and lenders will need to verify that you can live and work in the United States for at least three years.

Non-U.S. citizens who do not have lawful residency in the United States are not eligible for Fannie Mae, Freddie Mac, or FHA home loans. However, there are still many options available to them. Foreign national loans are available for non-residents who want to purchase a vacation or investment property in the U.S.

America Mortgages is the industry expert in foreign national loans. We offer two popular programs:

•  AM Express+: This program is designed for borrowers who cannot show the required income for various reasons, such as self-employment, lumpy income, or privacy concerns. It doesn’t require income verification, U.S. credit, or residency and has a high LTV (loan-to-value) ratio of 75%.

•  AM Investor+: This program is designed for borrowers who can show their foreign income through a simplified process, qualifying much like a U.S. citizen. Rates are comparable to what a U.S. citizen would pay, and the LTV can go as high as 75% without reserves required.

America Mortgages is the only global mortgage originator laser focused on U.S. real estate financing with offices in Singapore, Hong Kong, and Shanghai, London, Paris, and Sydney. They offer borderless mortgages, making it easy for U.S. expats and foreign nationals to purchase property in the U.S. without ever leaving their home country or country of residence.

One of the challenges that foreign borrowers face when trying to obtain a U.S. mortgage is the lack of credit history. It can take years to accumulate enough credit history to generate a good score. However, America Mortgages can accept a foreign credit report instead of a standard U.S. credit report. This is a unique feature that sets America Mortgages apart from other US-based lenders and brokers.

If you are a U.S. expat who files U.S. taxes but works for a foreign company and doesn’t receive a W2, America Mortgages has a program for you. Our expat mortgage program looks at your foreign income just as it would if it were paid in U.S. dollars. Your W2 is offset with other documents, and your loan is processed just as it would if you were in the U.S. This program does require sufficient U.S. credit, but if U.S. credit isn’t an option because you’ve been abroad for many years, America Mortgages has programs for these borrowers as well.

In summary, non-U.S. citizens can obtain a mortgage in the United States regardless if they have a green card or social security number. Foreign national mortgage programs, like the ones offered by America Mortgages, have made it easier for borrowers outside the U.S. to finance second homes or investment properties in the country. These programs allow borrowers to make smaller down payments and receive competitive interest rates. America Mortgages also offers programs for U.S. expats and those without sufficient U.S. credit, making it a welcoming option for almost every type of borrower.

www.americamortgages.com

Yes, U.K. residents can buy U.S. real estate!

Loans For Non Residents | Buy U.S. real estate

With a mortgage from America Mortgages, any U.K. citizen can buy property in the United States.

No laws in the United States, regardless of nationality, specifically prohibit non-citizens from purchasing or owning property in its states and territories. What was once reserved for the extremely wealthy and British rock stars has become more widely available.

Our lending tiers begin with residential properties valued at a minimum of $200,000, with a minimum loan amount of $125,000, which is perfect for those looking for seasonal vacation homes as a source of rental income. America Mortgages additionally provides commercial, portfolio, and bridge loans, each requiring a minimum loan amount of $1,000,000.

Buying a house in the U.S. 

However, since owning property in the U.S. does not grant residency rights, purchasing property there for U.K. citizens may only be the first step. The duration of your stay is legally restricted to the time period allowed by your visa if you are not a permanent U.S. resident. Even so, a path to citizenship (via naturalization) and permanent residency (via substantial real estate investments) in the United States is possible.

U.S. Green Card for U.K. Citizens through property ownership. 

For instance, the EB-5 visa, requires a minimum investment of $800,000, can grant one conditional permanent residency or a U.S. Green Card. While this does not grant instant citizenship, it can speed up the process of obtaining U.S. residency, which could eventually result in full citizenship. Owning a property in the U.S. does not count as an investment under the EB5 program. Consult an EB5 lawyer or advisor for more information.

U.S. housing market for U.K. Citizens

Due to several factors, such as an increase in home offices and those with financial means driven by a Fear of Missing Out (FOMO), the housing market in the United States has heated up as it transitions to a post-pandemic economy. But unlike many other countries, the U.S. has no uniform housing market; there are 50 states and one federal district (Washington, D.C.). U.K. citizens who invest in U.S. real estate should keep this in mind.) they provide just as much variety within themselves as they do overall.

Best Place to buy a house in the U.S.

For instance, $400,000 in Texas will buy you a 4 bedroom, 3 bath home, but the same amount will buy you a 1-bedroom apartment in New York City. However, as was already mentioned, U.K. nationals are not required to be among the top 1% of earners to buy a home in the U.S.

Financing U.S. Housing as a U.K. Citizen

America Mortgages provides U.S. residential mortgage services to foreign nationals and U.S. expats residing in the U.K., including U.K. citizens who want to invest in U.S. real estate. Our focus is solely on financing solutions for this specific group of individuals. Our international team of experts is dedicated to assisting you, and we have a wide network of the top 150 U.S. lenders, enabling us to approve 97% of mortgage applications from U.S. citizens and foreign nationals. If you are interested in learning more, please contact us at [email protected]

www.americamortgages.com

Is There A Minimum Age To Obtain A U.S. Mortgage?

U.S. Mortgage

No matter your age, becoming a real estate investor is frequently regarded as one of the universal signs of financial success. Although technically, in the U.S., even though there is no upper age limit for mortgage approval, there may be some age-related home-buying considerations you should be aware of.

What’s the maximum age to qualify for a mortgage?

Some people may wonder if there are age restrictions because a mortgage is a legally binding agreement that enables you to spread out the cost of a home. According to the Centers for Disease Control and Prevention, the average life expectancy in the United States is 78.16, so could a lender forbid you from obtaining a 30-year mortgage, for instance, if you’re 75?

What makes the U.S. a unique mortgage market? It is illegal for a mortgage lender to discriminate against you based on age, which is good news for real estate investors regardless of age. A lender cannot refuse you credit based on your age or any other factors, including your race, color, religion, national origin, sex, or marital status, according to the Equal Credit Opportunity Act (ECOA), which was created as a result of the Civil Rights Act of 1964. Even more, safeguards are provided by the Fair Housing Act of 1968, which makes it illegal to discriminate in any residential real estate transaction. This law covers both U.S. citizens and foreign national real estate investors.

What is the takeaway; regardless if you are 19 or 99, you can still take advantage of a 30-year fixed mortgage. This gives the savvy investor absolute assurance of what their monthly mortgage payment is and likely the opportunity for higher yields. 

What’s the minimum age to qualify for a mortgage?

If you’re closer to high school graduation age than retirement, can age be a deterrent when it comes to getting a mortgage? Lenders can’t deny a mortgage application solely because of age, but states have laws determining the age at which a contract can be negotiated. However, in most U.S. states, at 18 years of age, you are able to sign a binding contract, such as a mortgage. What this means for non-resident U.S. investors is once you’re 18, and assuming you can qualify for a mortgage based on the lenders’ guidelines and requirements, the U.S. could be your first opportunity to become a real estate investor.

Keep in mind, as a non-resident U.S. real estate investor, the minimum down payment is usually 25-30%. America Mortgages has mortgage loan programs for Foreign National Investors at 30% down payment and U.S. Expats at only 25% down payment. 

What are the advantages of a 30-year fixed U.S. mortgage, regardless of your age?

• Mortgage interest deducibility: One of the best tax benefits of U.S. real estate investing is that your mortgage interest is considered a business expense and, therefore, deductible when your property is being used as an investment/rental. 

• Predictability: With a 30-year mortgage, you have the comfort and safety of knowing what your mortgage payment will be over the next 30 years. As rental prices increase over time, so will your yield. 

• No limitations on refinancing: Although some investment mortgages may have short lock-in periods; in general, as long as the property qualifies, there are no restrictions on refinancing to a lower rate if interest rates decrease.

Why America Mortgages

At America Mortgages, we understand that the mortgage process can be confusing and overwhelming. That’s why we’re here to help. Our team of experienced mortgage professionals can guide you through the entire process, from pre-approval to closing. We work with a panel of vetted lenders that know foreign national and U.S. expat lending. This allows our team to find the best mortgage solutions for our clients, regardless of their age or financial status.

We can also help you understand the different types of mortgages available, such as fixed-rate and adjustable-rate mortgages, and help you choose the best one for your needs. We make the mortgage process as easy and stress-free as possible, so you can focus on finding your dream home.

In conclusion, there is no age limit for getting a mortgage in the U.S. At America Mortgages; we’re here to help you navigate the process and find the best mortgage options for your needs. Whether you’re a foreign national, U.S. expat, self-employed entrepreneur, or a salaried investor, we can help you achieve your homeownership goals. Contact us today to learn more at [email protected].

www.americamortgages.com

Foreign Buyers Flock to U.S. Real Estate Market: Why Now Is the Perfect Time to Invest

U.S. Real Estate Market

The U.S. real estate market is seeing a surge in foreign buyers, as reported by The Wall Street Journal. The COVID-19 pandemic had caused a lull in overseas investments, but now buyers are back and actively purchasing expensive homes, keeping realtors happy.

One reason for this trend is the socio-political issues and crises in other countries. Brazil, for instance, saw a rise in buyers even before the attempted coup in the name of Jair Bolsonaro. Europeans are also seeking a fresh start in the U.S. due to the Russian-Ukrainian War and food and energy crises elsewhere. Meanwhile, China’s zero Covid policy had restricted Chinese nationals’ travel and barred them from the real estate market, but the lifting of restrictions has sparked interest once again.

It is worth noting that these buyers are not the typical immigrants looking for a better life. Rather, they are wealthy individuals already looking to add to their real estate portfolios before the pandemic, and the current global climate is only fanning the flames of their desire.

According to The Wall Street Journal, Mark Wahlberg recently sold his Los Angeles mansion to a Chinese billionaire for $55 million, a considerable drop from the original asking price of $87.5 million. In addition, foreign buyers are also showing interest in New York City properties, which are comparatively cheaper than other global cities.

The Corcoran Group reports that the number of foreign visitors to their properties increased by 25% in January 2023 compared to the previous month, with Chinese and Middle Eastern buyers leading the way. This interest is partly due to the relatively weak U.S. dollar compared to the previous year, as investors speculate that the currency may experience a multi-year decline as Federal Reserve rate hikes slow.

In conclusion, investing in the U.S. real estate market can be a lucrative opportunity for foreign buyers. By considering the local real estate market conditions, regulatory environment, property type, and intended use, foreign buyers can make informed investment decisions. However, it’s essential to do thorough research and seek professional advice to ensure a successful and profitable investment. Don’t miss out on the chance to invest in one of the top real estate markets in the world!

To learn more, contact us at [email protected] or schedule a call with a U.S. mortgage expert at www.calendly.com/u-s-mortgages to get started today. 

Visit www.americamortgages.com for additional information or to contact us via email. 

If you’re looking for international mortgage loans around the world, including in the U.K., Australia, Canada, France, Portugal, Spain, Italy, Singapore, Hong Kong, Japan, Thailand, Philippines, Dubai, and other locations, check out our parent company, Global Mortgage Group (GMG), at www.gmg.asia. 

Why is Texas the hottest real estate market to invest in globally?

US Mortgage for Non-residents

Texas has become one of the hottest real estate markets to invest in globally due to a number of factors that have contributed to its rapid growth and success. Here’s a closer look at why Texas is the hottest real estate market to invest in globally.

Firstly, Texas has a booming economy, which is one of the strongest in the United States. The state’s economy is diverse and well-balanced, with a range of industries, including technology, energy, healthcare, and finance. This diversity has provided a stable and resilient economy, which is attractive to investors looking for stable returns on their investments.

Secondly, Texas has a low tax environment, which has made it a very attractive location for businesses and individuals looking to invest. The state has no income tax, which means that people can keep more of their money, and this has contributed to its high standard of living. In addition, Texas has a relatively low cost of living compared to other major cities in the United States, which makes it an attractive location for people to move to and invest in.

Thirdly, Texas has a growing population, which has contributed to the state’s success. Over 1,000 people move to Texas every day, and this growth is due to factors such as job opportunities, affordable cost of living, and a business-friendly environment. This population growth provides a vast customer base for investors, ensuring that there is a constant demand for goods and services.

Fourthly, the real estate market in Texas is thriving, with prices increasing steadily over the years. The state’s major cities, including Austin, Houston, and Dallas, have seen significant growth in the real estate market, making it an attractive location for investors looking to purchase property. This trend is expected to continue, making Texas an excellent investment opportunity for anyone looking to make a profit.

Finally, Texas has a well-established infrastructure, which supports business growth and development. The state has major airports, highways, and ports that are essential for businesses to operate efficiently. This infrastructure has attracted a range of industries to Texas, contributing to the state’s economic success.

In conclusion, Texas is the hottest real estate market to invest in globally due to a combination of factors, including a booming economy, low tax environment, growing population, thriving real estate market, and well-established infrastructure. These factors have created a business-friendly environment that has attracted investors from around the world, and Texas is now one of the fastest-growing states in the United States. Investing in Texas real estate is a wise decision for anyone looking to see a profitable return on their investment.

At America Mortgages, we are committed to helping investors take advantage of the thriving real estate market in Texas. With our expertise and connections in the U.S. real estate market, we can provide tailored mortgage solutions for non-resident investors and expats who are interested in investing in Texas real estate. Our loan officers are dedicated to guiding you through the entire process, from application to closing, to ensure a smooth and successful investment journey. Contact us today at [email protected]  to learn more about how we can help you invest in the hottest real estate market globally.

Join us from March 14-19 to view our selection of single-family homes for sale near Dallas, Texas. With prices starting at $390,000, these homes are an excellent investment for those looking to begin their portfolio.They are even more attractive when you take advantage of our 75% financing and property management services. Click here to sign up or learn more.

Speak with a U.S. mortgage expert now by scheduling a call at www.calendly.com/u-s-mortgages. Start your journey today!

For more details, visit us at www.americamortgages.com or email us at [email protected].

Looking for international mortgage loans globally, including the U.K., Australia, Canada, France, Portugal, Spain, Italy, Singapore, Hong Kong, Japan, Thailand, Philippines, Dubai, and other locations? Visit our parent company Global Mortgage Group (GMG), at www.gmg.asia.

Maximize Your Investment Potential in Texas: The Lone Star State’s Booming Real Estate Market

Booming Real Estate Market

Investing in real estate in Texas is becoming an increasingly popular option for those looking to maximize their investment potential. The Lone Star State’s booming real estate market has attracted investors from around the world, and for good reason. Here’s a closer look at why Texas is such an attractive destination for real estate investment.

One of the main reasons why Texas is so attractive for real estate investment is its growing population. Texas is one of the fastest-growing states in the country, with an estimate of over 1,000 people moving to the state every day. This growth is due to a combination of factors, including job opportunities, affordable cost of living, and a business-friendly environment. As the population continues to grow, demand for housing and commercial real estate will also increase, making real estate investment a profitable option.

Another reason why Texas is a great destination for real estate investment is its strong and diverse economy. Texas is home to a range of industries, including energy, technology, healthcare, and finance, which provide a stable and resilient economy. This economic stability translates to a stable real estate market, making it an attractive option for investors.

Furthermore, Texas has a reputation for being business-friendly, with low taxes and favorable policies that attract investors from around the world. The state’s government has streamlined regulations, making it easier for businesses to operate and grow. Additionally, Texas has a strong infrastructure, including major airports, highways, and ports, which support business growth and development.

The real estate market in Texas is also attractive due to the low cost of living compared to other major cities in the United States. This low cost of living means that real estate prices are more affordable, making it easier for investors to purchase property and see a profitable return on their investment.

Lastly, the real estate market in Texas is characterized by steady and consistent growth. Property values in major cities like Austin, Houston, and Dallas have been increasing steadily over the years, and this trend is expected to continue. Real estate investment in these cities can lead to an increase in property value and rental income, making it an attractive option for investors.

In conclusion, the booming real estate market in Texas makes it an attractive destination for investors looking to maximize their investment potential. With a growing population, strong and diverse economy, business-friendly environment, low cost of living, and steady growth, investing in Texas real estate is a wise decision for anyone looking to see a profitable return on their investment.

America Mortgages provides expertise in finding the best financing options and valuable insights into the local market to help investors make informed decisions and maximise their returns. Contact us at [email protected] to find out more.

From March 14-19, we will be showcasing single-family homes near Dallas, Texas, for sale. Starting at $390,000, these are great starter homes for those looking to build their investment portfolio. They are even more attractive when you take advantage of our 75% financing and property management services. Click here to sign up or learn more.

Speak with a U.S. mortgage expert now by scheduling a call at www.calendly.com/u-s-mortgages. Start your journey today!

For more details, visit us at www.americamortgages.com or email us at [email protected].

Looking for international mortgage loans globally, including the U.K., Australia, Canada, France, Portugal, Spain, Italy, Singapore, Hong Kong, Japan, Thailand, Philippines, Dubai, and other locations? Visit our parent company Global Mortgage Group (GMG), at www.gmg.asia.

Texas Tri Area: Why Forth Worth, Dallas and Texas are the Ultimate Investment Destination

Investment Destination

If you’re a foreign national or U.S. expat looking for the perfect investment destination, look no further than the Texas Tri of Fort Worth, Dallas and Texas. These locations offer a combination of a strong economy, population growth, and a thriving real estate market that make them an excellent investment opportunity for anyone looking to make a profit.

A key factor that makes these areas a great investment destination is the strong economy. Texas is one of the fastest-growing states in the U.S., with a diverse range of industries such as technology, energy, healthcare, and finance. These industries provide a stable and resilient economy conducive to business growth. Additionally, the state has a reputation for being business-friendly, with low taxes and favorable policies that attract investors worldwide.

Another factor that makes the Texas Tri area an attractive investment destination is population growth. An estimate of over 1,000 people move to Texas every month, and this growth is due to factors such as job opportunities, affordable cost of living, and a business-friendly environment. This population growth provides a vast customer base for investors, ensuring constant demand for goods and services.

Lastly, Texas’s thriving real estate market makes it an excellent investment destination. Property prices in Fort Worth and Dallas have been increasing steadily over the years, and this trend is expected to continue. This trend allows investors to purchase property in areas with high potential for growth, leading to an increase in property value and rental income.

In conclusion, the Texas Tri area of Fort Worth, Dallas, and Texas is the ultimate investment destination. With a strong economy, population growth, and a thriving real estate market, investors can be sure that their investments will yield a profitable return. If you’re looking to invest in an area with high potential for growth, look no further than the Texas Tri area.

At America Mortgages, we offer various mortgage options to help you invest in the Texas Trio. Our experienced team can guide you through the entire mortgage process, ensuring you secure the best possible rates and terms. Whether you’re a first-time investor or an experienced investor, we are here to help you achieve your investment goals. Contact us at [email protected] to find out more.

Speak with a U.S. mortgage expert now by scheduling a call at www.calendly.com/u-s-mortgages. Start your journey today!

For more details, visit us at www.americamortgages.com or email us at [email protected].

Join us from March 14-19 to view our selection of single-family homes for sale near Dallas, Texas. With prices starting at $390,000, these homes are an excellent investment for those looking to begin their portfolio.They are even more attractive when you take advantage of our 75% financing and property management services. Click here to sign up or learn more.

Looking for international mortgage loans globally, including the U.K., Australia, Canada, France, Portugal, Spain, Italy, Singapore, Hong Kong, Japan, Thailand, Philippines, Dubai, and other locations? Visit our parent company Global Mortgage Group (GMG), at www.gmg.asia.