Author: Premela R.

U.S. Mortgage Loans…Beyond your Expectations!  

U.S. Mortgage Loans...Beyond your Expectations!  

Are you a U.S. real estate investor looking for a mortgage loan but have been rejected by various banks, lenders or brokers because you are a Foreign National or a U.S. Expat? Add self-employed, being an entrepreneur, or lumpy income into the mix, and you’re really out of options. Let’s face the facts; even as a U.S. citizen living and working in the U.S., it is often hard to get a real estate mortgage loan as an investor, compound this with not living or working in the U.S., and it adds an entire layer of risk which many banks do not want to take on. 

In general, due to stringent underwriting requirements, banks are not very flexible towards entrepreneurs, non-residents, and U.S. Expats, especially with no credit footprint. Most banks operate to service the local community and focus on providing mortgage loans to borrowers for owner-occupied properties. It’s the same all over the world and makes perfect sense unless you fall out of that box. However, contrary to what banks and lenders may have told you, it is possible for non-resident investors to get a mortgage. How? With America Mortgages!

We recognised this four years ago in Global Mortgage Group, which was the very reason America Mortgages was formed. As a company, America Mortgages’ ONLY focus is providing U.S. market rate mortgage financing for Foreign Nationals and U.S. Expats. That is all we do, and no one does it better. Whether you’re looking to own a multi-family complex in Texas, purchase a vacation summer home in Florida, or want to invest in rental property in Atlanta, we got you covered. America Mortgages’ has loan programs with up to 75% LTV in all 50 states regardless of your passport or credit profile. 

Our goal at America Mortgages is to go beyond your expectations. 100% of our clients are either U.S. Expats or Foreign Nationals looking to buy U.S. property. With our U.S. Expat + mortgage program, you’ll be able to qualify just as you would if you walked into a local bank back home in the U.S. With our Foreign National program, you can qualify using ONLY the rental income of the property. Yes, that means NO personal income documents are required. 

What’s the unique thing that America Mortgages does that banks can’t? You can actually qualify for a U.S. mortgage with the following: 

  • No U.S credit needed
  • No personal income required 
  • No W2 required 
  • Qualifying based on rental income

We also offer the following based on individual client situations: 

  • Interest-only mortgages
  • 10-year fixed interest only
  • Recourse and non-recourse loans available
  • Pure asset-based lending

Here at America Mortgages, we go beyond your expectation and tap into our extensive network of lenders, and find the best possible option based on your situation. 

Self-employed? No problem! Foreign National investor? No problem! U.S. Expat with no U.S. credit? No Problem! 

Get started with our team of U.S. mortgage specialists today. [email protected]

www.americamortgages.com

What do Red Packets and U.S. Real Estate have in common?

Red Packets and U.S. Real Estate

CNY: The Origin & Traditions

More commonly known as Chinese New Year, the Lunar New Year is more than just the beginning of a new calendar year. The Lunar New Year is viewed as a period of gathering and rebirth, denoting the end of winter and the beginning of spring. Legend has it that a wild monster, Nian, appeared at the end of every year, attacking and killing villagers. Firecrackers and bright lights were used to scare the beast away, and the Chinese New Year festivities were born.

For two weeks, the celebration incorporates the act of giving and ceremonies that bring in luck to invoke a prosperous and blissful year ahead. It all starts on the 26th day of the last lunar month when cakes and puddings are made, believing that eating them will lead to growth and progress in the upcoming new year.

Following that, a major clean-up is done in homes on the 28th day. It’s believed that the act of cleaning frees your home from any misfortune that is collected throughout the past year.

The main feast formally happens on New Year’s Eve, with loved ones gathering around the table as the countdown to New Year begins. The main dish is, more often than not, the hot pot. The reunion dinner addresses solidarity, unity, and togetherness, with loved ones gathering to eat without apprehensions or quarrels over food.

The menu is painstakingly picked to incorporate dishes related to luck, including fish (the Chinese word for it translates to “abundance”), puddings (represents headway), and food sources that appear as gold ingots (like dumplings).

Countries that observe the Lunar New Year regularly offer three to seven days of public holidays; however, festivities aren’t finished until the fifteenth day of the first lunar month, otherwise called the Lantern Festival.

Interest in Property Peaks during CNY

During Chinese New Year, many who celebrate believe that it’s the time of good fortune and that investments and new wealth acquired during this period will be beneficial to them throughout the year. For the high net worth, new wealth comes in the form of acquiring real estate or upgrading their current investment. 

Many who are considering buying real estate often use the holidays to do their research while traveling. Pre-Covid, Chinese New Year was the most popular time of year for travel by Chinese citizens. Global cities such as the U.S., Australia, Canada, and Singapore tend to see wealthy Chinese buyers looking to purchase property. 

In the U.S., with interest rates being low, these homebuyers often use the property as a summer vacation home. It is then used as short-term rental giving the owners passive income throughout the new year.

With America Mortgage’s Holiday / Airbnb Investor Program, investors can get up to 75% LTV in all 50 states. Best part? You can get pre-approved for this loan within 72 hours, and once approved; you’ll be issued an “approval letter,” which will allow you to go shopping! It’s as easy as it sounds.

Planning to usher in the new year with a property in the U.S.? Speak to us today and get pre-approved within 72 hours! [email protected]

www.americamortgages.com

From Florida’s sunny shores to New York’s trophy buildings – we compare real estate prices on the east coast.

mortgage for foreigners in usa

America’s East Coast housing market is home to the best real estate to invest in the world. From sunny Florida to New York excitement, we feature the average cost per home, rental prices and cost per square foot. Where do you get the most value for your dollar? Enjoy. 

Moving or investing in America’s East Coast might be highly enticing considering its seaside locations, urban areas, and quaint towns. Last week, we compared several U.S. states against popular global cities to help you determine why you should invest in the U.S. . This week, we dive a little deeper and specifically into the East Coast, one of the most popular real estate investment destinations, to help you decide where your next or first U.S. property investment should be. We researched entry-level, mid-level, and high-end real estate from New York to Florida. We compare the prices in seven hot spots up the coast. We compare 2,000 square foot properties while considering factors such as rental income, average purchase price and price per square foot, and return on investment.  

Based on our data, the best cities on the East Coast to buy rental property are:

1. Palm Beach, FL

With its strong rental market and its location, Palm Beach makes it one of the best and most popular locations to invest in property. U.S. News & World Report ranked Florida as the 10th best state in the country with regard to education, economy, and stability. Palm Beach home values jumped 28.0% over the past year based on Zillow with no end in sight. Investors can also expect an average of $3,476 in rental income. 

LocationPalm Beach, FL
Avg Purchase PriceUSD 529,585
Avg Rental IncomeUSD 3,476
Price Per SqftUSD 264

2. Nashville, TN

The home of Elvis Presley features the trifecta; very affordable real estate, low cost of living, and high employment rate. These are just a few of the reasons why U.S. real estate investors choose to purchase in Nashville. Apart from affordability, single-family homes are a popular choice among renters, with investors earning an average of $3,162 in rental a month. According to Local Market Monitor, Nashville ranked 4th for single-family real estate investment properties.

LocationNashville, TN
Avg Purchase PriceUSD 576,397
Avg Rental IncomeUSD 3,162
Price Per SqftUSD 288

3. Atlanta, GA

The home of CNN, Atlanta’s economic growth is one of the main reasons why it has a strong rental market. With global companies like Coca-Cola, Delta, AT&T, and many Fortune 500 companies bringing in job prospects, its rental demand is sky-high. Investing in a property in Atlanta has proven to be a great potential value because of it’s low purchase price but high rental yield, on average, $2,344 a month just in rental.

LocationAtlanta, GA
Avg Purchase PriceUSD 217,118
Avg Rental IncomeUSD 2,344
Price Per SqftUSD 108

4. Baltimore, MD

One of America’s original seaports, Baltimore is known as one of the best areas to purchase an investment property for cash flow and appreciation. Given the generally low cost of properties in Baltimore, investors can anticipate getting a good return on investment and a decent rental income, on average $1,928. Furthermore, Millennials flocking to the city are causing a high demand for rentals in hot spots suburbs like Brewers Hill.

LocationBaltimore, MD
Avg Purchase PriceUSD 270,510
Avg Rental IncomeUSD 1,928
Price Per SqftUSD 135

5. Boston, MA

Constantly ranked as one of the best places to live and work in, if you are looking to invest in a metro area in a big city, Boston real estate might be the perfect solution for you. Real estate investors take home on average $2,553 just in rental income.

LocationBoston, MA
Avg Purchase PriceUSD 581,216
Avg Rental IncomeUSD 2,553
Price Per SqftUSD 290

6. Manhattan, NY 

New York City is a global center for business, finance, culture, and entertainment. It offers a perfect lifestyle and investment profile to both Americans and foreigners alike. Needless to say, Manhattan’s real estate prices are steeper than average. However, even though Manhattan’s real estate price is relatively high, its profits in the form of capital appreciation is surely something to consider. With Manhattan’s median rent at $3,450, investing in Manhattan is worth a look.

LocationManhattan, NY
Avg Purchase PriceUSD 839,692
Avg Rental IncomeUSD 5,624
Price Per SqftUSD 419

7. Providence, RI

This vibrant capital city of Rhode Island is home to Ivy League school Brown University, RI School of Design, and Providence College. The number of students Providence draws in every year impacts the real estate market directly. It’s hot rental market makes it ideal for investors, with an average rental at $5,624 a month.

LocationProvidence, RI
Avg Purchase PriceUSD 209,841
Avg Rental IncomeUSD 3,454
Price Per SqftUSD 104

Based on the list, here are the most affordable East Coast cities to invest in:

RankCitiesPurchase PriceRental IncomePrice per Sqft
1Baltimore$270,510$1,928$135
2Atlanta$217,118$2,344$108
3Boston$581,216$2,553$290
4Nashville$576,397$3,162$288
5Providence$209,841$3,454$104
6Palm Beach$529,585$3,476$264
7Manhattan$839,692$5,624$419

The most affordable East Coast city is Boston, with its average purchase price at $270,510, and the most expensive, of course, is the bustling Manhattan at $839,692. However, investors should not be put off by the higher property prices; let us show you why.

Comparison of the most expensive property vs. the least expensive property on the East Coast:

CityPurchase PriceLoan AmountLoan TenureLTVMonthly RepaymentRental Income
Baltimore270,510202,882.530-year fixed75%$894.131,928
Manhattan839,692629,54430-year fixed75%$2,774.495,624

Lets break it down further to understand the profits:

CityRental income after monthly repayment# of years to repay loanTotal profits at the end of repayment period
Baltimore$1033.8730$372,193
Manhattan$2,849.5130$1,025,823

Apples to Apples, we can deduce that even though Manhattan has a higher purchase price, with amortization and capital appreciation, investing in Manhattan gives you significant appreciation and profits.

Ready to invest in East Coast real estate?

As a company, America Mortgages’ only focus is providing U.S. mortgage financing for U.S. expats and foreign nationals. We know exactly what is required to ensure that your mortgage journey is stress-free. We qualify 97% of our client’s for a U.S. mortgage.  What are you waiting for? Schedule a call with our U.S. mortgage specialist to find out your mortgage options.  [email protected]

Next week … We travel to the Hawaiian Islands for a comprehensive look at the Aloha State real estate market! Aloha. 

www.americamortgages.com

From Hong Kong to Austin. London to Miami. We compare real estate with the most bang for your buck!

Atanta GA & Sydney AU Real Estate

Globally real estate markets are red-hot, and even a pandemic can’t stop it. For the U.S., mortgage applications for foreigners to purchase U.S. real estate have consistently expanded year-over-year as property prices in most global cities have reached record highs. 

What makes the U.S. real estate market so enticing to investors? 

Anyone who has invested time and effort in house hunting for investment properties in Hong Kong, Singapore, Paris, London, Sydney, or Vancouver will acknowledge just how inexpensive real estate has become. Markets outside the U.S. have been increasingly hit with various cooling measures, taxes, stamp duty, and mortgage restrictions impacting real estate investors from either entering the market initially or growing their portfolios. What makes the U.S. market unique: there are no restrictions for foreign investment in any real estate asset class. The market also dictates the rise and fall of real estate values, not the government. You can buy a starter property in Texas for $200,000 or a penthouse in Miami for $10,000,000 regardless of your passport. 

Below we compare the cost of purchasing real estate in various global and U.S. cities. With up to 75% leverage in all 50 U.S. states, America Mortgages provides an opportunity for anyone to invest in U.S. real estate. You no longer need to battle with banks or pay AUM to become a successful real estate investor.

With U.S. interest rates currently at historic lows, mortgage programs are creative, including qualifying not off your personal income but off the property’s rental income, and it is available for both U.S. citizens and Non-U.S. Citizens. The ability to get up to 75% leverage with a 30-year amortization regardless of the borrower’s age increases rental yields and the affordability of investment properties. This kind of leverage is available ONLY in the U.S. market.

If you are wondering whether U.S. real estate merits putting your money into, the short answer is yes. Let’s look at various global real estate price points versus the U.S.

Price comparison of investment properties:

Price comparison of investment properties
Price comparison of Real Estate

Let’s take for example Atlanta, Georgia 2000 sqft home:

Purchase Price: $300,200

LTV: 75%

Loan amount: $225,150

Interest rate: 4.75%

Loan Tenure: 30 years

Monthly Loan repayment: $1,174

Rental Income: $2,500

With the rental yield at $2,500, your monthly repayment is $0 with a profit of $1,326 per month; that’s $15,912 per annum. Within 7.5 years, you’d have fully paid off your loan.

Looking at this, we can clearly deduce that the purchase prices and rental yield of a U.S. property prove that it is a great investment, especially when you consider Return on investment (ROI) and the option to finance your property with higher leverage. With purchase prices significantly lower than the rest of the cities globally, your rental income will cover should, at a minimum, cover your mortgage costs. Smart money management and possibly in a few years, will turn into passive income. 

According to Billionaire Andrew Carnegie, around 90% of the world’s tycoons have been created by investing in real estate. Real estate offers the most ideal way to build wealth as an investor. Likewise, with all possible types of assets and loan programs available, it is ideal to strike when the iron is hot.

If you are keen to invest in U.S. real estate as a U.S. Expat or foreign national, the first step is to get pre-approved for a mortgage. America Mortgages’ ONLY focus is providing market-rate mortgage financing for U.S. Expats and Foreign Nationals. Our most popular programs are AM No Income Mortgages+ and  AM U.S. Expat Mortgage +. However, if for some reason that doesn’t fit your profile or you prefer something more bespoke, our global mortgage team with over 100 years of combined experience is only a phone call away. So investors rejoice and connect with us today at [email protected]. 

Our gift to you – No Income Mortgage Loans are back!

No Income Mortgage Loans - US Home Loan

We launched the Asset Depletion Program (AM Liquid Portfolio Mortgages) for investors earlier this month, which allows candidates to qualify for a loan using their assets instead of income from employment. This week, we introduce AM No Income Required + for U.S. expats and foreign nationals!

No Income Mortgage Loans

You can now qualify to purchase or refinance a U.S. property even if you are not a U.S. citizen, do not possess a valid U.S. visa, or lack income documentation (self-employed entrepreneurs). Yup, you guessed it, this is all possible with the AM No Income Required +!

While most banks and lenders request your tax returns, no-income verification mortgages rather consider different factors like assets, home equity, and general cash flow. This makes it even easier for self-employed entrepreneurs or non-U.S. residents who have numerous write-offs on foreign tax returns to get a home loan.

Details of AM No Income Required +:

  • No income verification is needed.
  • No age limitations or restrictions.
  • No U.S. credit is required.
  • No USA visa or residency is required.
  • No reserves are required.
  • No Life insurance is required.
  • No pre-payment or redemption penalty.
  • No tax returns are required.

Sounds too good to be true? With AM No Income Required +, it is definitely feasible.

The AM No Income Required + program allows foreign nationals, non-U.S. residents, and U.S. expats to make a 25% down payment and finance up to 75% of the property value without requiring income verification. The majority of banks and lenders still require a 60% down payment for foreign national mortgage loans, but with AM No Income Required + you can arrange financing with just 25% down payment, with no income verification and with exceptional rates including interest only programs. 

The AM No Income Required + loan program is available as a 30 year fixed-rate and as adjustable-rate mortgages. Adjustable rates are offered at 3/1, 5/1, 7/1 terms for 15 or 30 year fully amortized loans. Fixed rates are offered for the 10, 15, or 30 year fully amortized loan.

  • Are you retired with little or no fixed income?
  • Are you self-employed but have little to no “provable” income?

If you answered ‘Yes’, AM No Income Required + might be the perfect program for you.

Contact us at [email protected] for more information.

www.americamortgages.com

Is a vacation home a good investment?

Holiday/Airbnb Investor Program

Everyone wants to live in The Bu…

The Bu is, of course, Malibu, California… known as the mecca for Airbnb rentals as well as Charlie Sheen’s house in ‘Two and a Half Men.’

One thing the pandemic has done for all of us is force us to think about the next stages of our lives – family, kid’s education, retirement, all intertwined into where you vacation. We have seen unprecedented demand for vacation home financing over the past 12 months. This is an area where many banks will not lend given the lumpy rental income, normally from renting out on Airbnb or VRBO – but that has all changed!

A report by Redfin shows that demand for vacation homes– otherwise known as short-term rentals –is soaring at a record pace. With an active real estate market, rates hovering around historic lows, and with AM Holiday/Airbnb Investor Program, this moment is the ideal opportunity, whether you are a U.S. expat or foreign national, to consider investing in a vacation home.

Introducing AM Holiday/Airbnb Investor Program

Qualify for a U.S. mortgage loan for a U.S. property that will be used for short-term rental such as Airbnb by using only the projected rental income of the property. No longer are you having to spend hours, days, or weeks collecting tax documents, pay statements, translations, etc. AM Holiday/Airbnb Investor Program allows you to get up to 75% LTV in all 50 states. The best thing, you can get pre-approved for this loan within 72 hours, and once approved, you’ll be issued an “approval letter,” which will allow you to go shopping! It’s as easy as it sounds.

There are a few benefits to possessing a holiday investment property. As of late, Airbnb and VRBO continue to grow as an ever-increasing number of properties are being listed. The convenience of such apps has made it that much easier for homeowners to find and market vacation rentals. In turn, the number of people interested in vacation rental investments has skyrocketed. Purchasing a vacation home can be particularly engaging and ideal when you toss in these personal and financial advantages. Here are some of the benefits of investing in a vacation rental:

1. Tap into rental income

Being a second homeowner presents the chance of leasing it out when you’re away. What’s more, assuming your second home is a great property in a desirable town, transforming it into an investment property will provide you with a subsequent source of passive income. Even celebrities like Leonardo DiCaprio, Jennifer Lawrence, and 50 Cent lease their vacation properties. How cool is that? In some cases, you can even offset the costs of leasing your vacation home. You may even be able to use your vacation home to generate rental income when you aren’t there. This could turn the home into a serious passive income producer in popular tourist destinations.

2. Build home equity.

In conjunction with your vacation home being a fun place to relax, it is also a long-term investment that could flourish your wealth and diversify your portfolio. Build equity on your home as your make mortgage payments. The real estate market and home values often vary. Consequently, the choice to buy a vacation home shouldn’t be made with the assumption that the property’s value will give a colossal result later on. However, your house being located in a highly sought-after town might improve the probability of your property increasing in value over time.

Not only can you generate rental income by leasing out your property, but you also have the benefit of vacationing there yourself; now that’s pretty awesome!

3. Tax Write-offs

Investors should take advantage of the tax benefits related to vacation rentals. Your holiday home is considered a business if it is leased for at least 2 weeks per year. This is very helpful for tax purposes because although the rental’s pay will be taxed, you will be able to write off several of the vacation property’s expenses. You can deduct numerous items from your taxes, including utility expenses, costs of maintenance and repairs, property management fees, mortgage interest, and more. (please consult with your tax advisor)

4. Simplify your vacation!

Bid farewell to hotels. Your holiday home makes it simple for loved ones to gather in one place without stressing over the cost of accommodation. Regardless of whether your home is close to the beach, on a lake, or in the country, there’s a possibility this property will turn into your family’s go-to vacation for any season. By owning a vacation home, you get to decide how long you want your travel to be and who will join. What’s better is that you get to save what you would have spent on hotel or rental accommodations somewhere else!

5. Retirement preparation

A holiday home could ultimately become a full-time home. Purchasing a vacation property when you’re young could provide you with an ideal place to retire in the future. You’ll be able to pay off your home mortgage before it even turns into your main residence. After you retire, the profit from your first home can go toward the current mortgage of your vacation home.

This will successively make your retirement progress simpler, considering that you’re now acquainted with the area, community, and most of all, the home.

Regardless, putting resources into vacation rentals can be a reliable asset for the future.

Should you purchase a vacation home?

If you’re still not convinced, here are 3 other reasons why we think you should snap up this trendy opportunity:

  • Mortgage rates are still at record lows
  • Vacation homes are in trend; everyone is getting in!
  • Short-term rental opportunities with vacation homes

A 2019 study of in excess of 7,000 get-away mortgage holders who recorded their property at a vacation rental site VRBO uncovered that around 40% utilized the rental profit as a secondary income.

What is the ideal location for a summer home?

As an investor, you’d expect quick returns from your get-away rental investment; you’ll need to purchase property in an ideal area to purchase a vacation rental – a popular tourist destination. This could mean beaches, amusement parks, lakes, national parks, or even stadiums. All things considered, it’s not generally the popular destinations that attract tourists. Work travel is another significant opportunity—with a regular clientele.

Here’s a list of the top vacation home areas around the U.S., together with its median monthly rental income:

1. Whittier, North Carolina

Median home sale price: $178,000

Median Monthly Rental Revenue: $3,133

2. Killington, Vermont

Median home sale price: $208,828

Median Monthly Rental Revenue: $3,444

 3. Myrtle Beach, South Carolina

Median home sale price: $213,950

Median Monthly Rental Revenue: $2,674

4. Sevierville, Tennessee

Median home sale price: $239,976

Median Monthly Rental Revenue: $5,647

5. Davenport, Florida

Median home sale price: $255,390

Median Monthly Rental Revenue: $2,904

 6. Kissimmee, Florida

Median home sale price: $264,863

Median Monthly Rental Revenue: $3,436

 7. Gulf Shores, Alabama

 Median home sale price: $345,135

 Median Monthly Rental Revenue: $4,206

 8. Fort Bragg, California

Median home sale price: $509,500

Median Monthly Rental Revenue: $4,508 

 9. Palm Springs, California

Median home sale price: $ 539,370

Median Monthly Rental Revenue: $6,054

 10. Waikoloa, Hawaii

Median home sale price: $575,422

Median Monthly Rental Revenue $4,360

 11. Big Sky, Montana

Median home sale price: $585,000

Median Monthly Rental Revenue $6,358

Is Owning A Vacation Rental A Good Investment?

With AM Holiday/Airbnb Investor Program, we say yes! The advantage of purchasing a holiday home is that you get to spend a greater amount of your time rejuvenating. Rather than stressing about paying for a stay at a hotel each time you visit, you’ll bask in the comfort of your own abode.

Vacation properties vary from traditional rentals in that the income a vacation home generates is often subject to the season. A beach house will draw in more interest in the summer, while a place close to a ski resort will thrive in winter.

That being said, though, a vacation rental property is still an excellent method to get passive income.

The tax benefits, passive income, and the option to travel to your very own vacation home are only a portion of the benefits that investing in a rental property can bring you.

Speak to us to find out all about AM Holiday/Airbnb Investor Program specifically for U.S. expats and foreign nationals at [email protected].

www.americamortgages.com 

The New AM Commercial + is just for you!

U.S. Commercial Loan
The New AM Commercial + is just for you!

If you live outside the United States, finding appropriate financing options for U.S. commercial real estate is extremely challenging. Our team of commercial mortgage professionals understands the requirements of Foreign Nationals, U.S. Expat borrowers regardless of where they earn their income or U.S. credit profile. 

Presenting AM Commercial +! A commercial mortgage designed specifically for non-resident real estate investors. 

What’s the difference between a commercial mortgage and a residential mortgage?

A residential mortgage is a type of amortized loan in which the debt is repaid in regular installments over a period of time, normally 30 years. Unlike residential loans, the terms of commercial loans typically range from five years (or less) to 20 years, and the amortization period is often longer than the loan term. This gives the borrower the flexibility to qualify without the commitment for long-term financing. 

A commercial mortgage is intended for borrowers buying or releasing equity for a property that is used for a business. AM Commercial + loan programs have been used for borrowing against assets such as office buildings, industrial facilities, or multi-family properties. Need to expand to the U.S. and need a base to operate from? AM Commercial + has you covered! 

There are various reasons why refinancing with an AM Commercial + mortgage would be beneficial. Regardless of whether it’s an income-based or a pure asset-based mortgage, AM Commercial + has you covered.

Key Loan Highlights:

  • Minimum loan amount is $1,000,000 with no maximum
  • No U.S. credit required
  • Available in all 50 states
  • Interest-Servicing Only (Interest-Only) payments are also available
  • Each loan is bespoke and structured specifically to your requirements

*Indicative only. Rates and terms are subject to change

The quickest method for getting a U.S. Commercial Loan? AM Commercial +

America Mortgages’ quick and easy application is all you need to complete. Our team will tap into our extensive curated network of U.S. lenders to find the best commercial mortgage option for you. Commercial loans for Foreign Nationals and U.S. Expats can be funded quickly depending on the type of qualifications. Unlike commercial bank loans, our process is quick and straightforward. 

Ready to apply or want to find out more?

When you apply through America Mortgages, your mortgage specialist will assist you with gauging the advantages and expenses of your financing choices. Depending on your situation, we normally have more than one option for you to consider. 

America Mortgages has a dedicated U.S. Commercial Lending Team, based globally with a broad network of U.S. lending relationships, including major banks, regional banks, pension funds, and real estate lenders, to name a few. What makes America Mortgages different is that 100% of our clients live abroad. We understand this type of lending better than anyone in our industry. 

Learn all about AM Commercial + when you speak to our team. [email protected]

Stay tuned for next week’s article where we introduce AM Holiday/Airbnb Investor Program for Foreign Nationals & U.S. Expats! 

www.americamortgages.com

Real Estate Investor Toolbox Introducing “AM U.S. Expat Mortgage +”

AM U.S. Expat Mortgage
Real Estate Investor Toolbox Introducing "AM U.S. Expat Mortgage +"

Are you a U.S. citizen living and working abroad? Have you tried to apply for a U.S. mortgage, and the person on the other end of the call thought Singapore was in China or the Netherlands and Holland are two different countries? Sigh. We understand.

America Mortgages ONLY focus is providing U.S. market rate mortgage loans for U.S. Expats and Foreign Nationals with the understanding, knowledge, and experience you require. 100% of our clients are just like you, and no one does it better!

So you’re a U.S. Expat living abroad. Why not qualify just as you would if you walked into a local bank back home in the U.S. with AM U.S. Expat Mortgage +.

I think the easiest way to explain AM U.S. Expat Mortgage + is with actual questions and answers we get from U.S. Expat;

1. I work for a foreign company in Paris, and I don’t receive a W2. America Mortgages does not require a W2, even for a conventional mortgage. As unique as that may be, it’s true.

2. I’ve been living outside of America for a decade and no longer have U.S. credit. This is more common than you may think. We have several enquiries a week where a U.S. citizen has been living abroad for many years and no longer has a U.S. credit footprint. For a “traditional” bank, this is a “no-go.” At America Mortgages, we have not just one but several loans you can qualify for using credit from a foreign country. In short, you do not need U.S. credit even as a U.S. citizen.

3. I haven’t filed my U.S. tax returns in many years. You’re not alone. There are various ways to qualify for a mortgage without using tax returns.

4. I retired and moved out of the U.S. and living in Thailand. I don’t have employment but would like to cash out of my property in the U.S. We see many retired real estate investors that have decided to spend their golden years on the beach in Mexico or the vineyards in Italy. We have several mortgage programs where you can qualify using ONLY the rental income of your property to qualify. No employment required.

5. I’m a U.S. citizen entrepreneur living in Ireland. My income is lumpy and unpredictable. Can I qualify for a U.S. mortgage? America Mortgages has a specific team that specializes in complicated tax returns or HNW borrowers. We understand how to calculate your true mortgage serviceability and present it in a way which banks can understand.

6. I live in Hong Kong. The last time I got a U.S. mortgage, I dealt with a bank in New York. I was up for weeks at 2 am trying to explain why Hong Kong doesn’t have a zip code. What makes you different? Besides knowing Hong Kong doesn’t have a zip code, we have experienced American loan officers living in Hong Kong. ? We have loan officers globally. No longer do you need to work around the bank’s hours. We do that for you. As a matter of fact, you don’t even need to leave your living room in Hong Kong to open and close your mortgage!

7. The U.S. Embassy is closed in Israel, and I can’t travel. How can I sign my mortgage documents? Very good question! Depending on your location, it may be impossible to get an appointment due to Covid restrictions. Not to worry, again, as 100% of our clients are living abroad, unlike U.S. banks or brokers, we understand this before it becomes a problem. We have at least four other ways to close your mortgage without signing at the U.S. Embassy. It’s easier than you may think.

AM U.S. Expat Mortgage + program highlights:

  • No W2 needed
  • U.S. credit score 640+ needed
  • Use Foreign Income to qualify
  • LTV 80% for U.S. Expat foreign earned income
  • Purchase, Cash-out, refinance

Documents required:

  • Two years of U.S. Tax returns (if you do not have U.S. tax returns, please let us know)
  • Two months bank statements (foreign okay)
  • One month of pay statements
  • U.S. Passport or driver’s license

America Mortgages has a wide range of mortgage products available for U.S. expats and Foreign Nationals looking to purchase or refinance U.S. real estate. Mortgages can be variable or fixed-rate, with flexibility over the fixed-rate term. In addition to the standard principle and interest U.S. mortgage loans, interest-only mortgages allow for more cash flow.

For more information on this program, please don’t hesitate to get in touch with our team at [email protected]. Stay tuned to our next week’s article, where we introduce AM Commercial +!

www.americamortgages.com

Taking the “Pain” out of High Net Worth mortgages for U.S. Real Estate, without AUM requirements.

Mortgages for U.S. Real Estate

With inexpensive funding and various tax advantages, everyone should take advantage of the benefits of a mortgage when investing in U.S. real estate regardless of the loan size. However, why do the wealthy often find it increasingly difficult to obtain mortgage financing without AUM?

With a portfolio of assets worth millions of dollars, one may assume that securing credit would be a straightforward task for a high net worth (HNW) individual. Unfortunately, the reality can be quite different especially if you’re a foreign national or U.S. Expat.

The unique nature of a HNW’s wealth – their income, investments, and liquidity – puts this group of people at a surprisingly high risk of being turned away by conventional banks unless they are willing to deposit a significant amount of funds for the bank to manage. This is certainly true in the mortgage market, and what’s more, it is an issue that has become more prevalent post-Covid.

American Mortgages has a dedicated HNW Team that focuses on mortgage solutions for foreign nationals and U.S. expatriate clients.

“As a company, our focus is finding solutions that go beyond what Private Banks can offer was the cornerstone of why this has been so successful. Our goal is to be a viable solutions provider and a trusted partner for the private banks and their clients. None of our loans require AUM, hence there are no funds taken away from their current investments or portfolio.”

– Robert Chadwick, co-founder of Global Mortgage Group and America Mortgages.

America Mortgages HNW mortgage loans have a multitude of options when it comes to qualifying for a large mortgage loans regardless of the passport you hold.

1. Asset Depletion – a surprisingly simple way to establish your income. AM Liquid Portfolio uses a unique view on “asset depletion” to qualify HNW clients using their investment portfolio without an encumbrance or pledge of assets. Essentially, all of your assets are entered into a calculation, and a final number is churned out. The final number is then used as the income to qualify. In most cases, as long as the income is sufficient, no other person’s income documentation is required. This makes an often complicated and tedious process simple, transparent, and painless.

2. Debt Service Coverage – When it comes to HNW borrowers, one of the most overlooked and misunderstood loan programs is debt service coverage. HNW borrowers tend to own multiple properties in various asset classes. If the property is used as a rental, then there may not be any requirement to go through the tedious process of providing and verifying personal income. Again, as HNW borrowers tend to have very complicated tax returns, this is a straightforward way to show the borrower’s debt serviceability.

Debt service coverage ratio– or DSCR – is a metric that measures the borrower’s ability to service or repay the annual debt service compared to the amount of net operating income (NOI) the property generates. DSCR indicates whether a property is generating enough income to pay the mortgage. For real estate investors, lenders use the debt service coverage ratio as a measurement to determine the maximum loan amount.

3. Bridge/Asset Based Lending – With Covid still in play, it’s not uncommon for investors to experience a temporary liquidity event. Rather than selling their property, they are using their real estate to release equity. Asset-based lending is an option for both residential (non-owner-occupied) and commercial properties.

Simply stated, HNW bridge loans are used for residential and commercial investment property when more traditional institutional financing sources may not be available. Due to temporary liquidity, many borrowers have capital needs that traditional sources often can’t meet. For example, a borrower purchases property out of bankruptcy or foreclosure and needs to close quickly “same as cash” before long term financing can be arrange.

4. Simplified Income – HNW borrowers often have personal and business tax returns, which are complicated. The complexity of these returns often turns into an administrative nightmare for the borrower when dealing with a mortgage lender. What makes America Mortgages unique is the fact that 100% of our clients are living and working outside of the U.S. We are dealing with HNW clients from Shanghai to Sydney. Simply put, translations and understanding tax codes, deductions, net income, etc., is painful.

America Mortgages HNW Simplified Income documentation is just that. We do not require years or, in some cases, decades of tax returns, P&L, A&L, bank statements, etc. We take an often complicated process and simplify it; 1. If you’re self-employed, we will request a letter from your accountant stating the last two years’ income and current YTD. 2. If you’re employed, then a letter from your employer on company letterhead stating your last two years’ income and current YTD is sufficient. Yes, it’s that simple and painless.

As 100% of our clients are either Foreign Nationals or U.S. Expats, we understand the intricacies and complexities of this type of lending for our borrowers. It’s as simple as that. Our HNW loan programs are structured to meet our client’s requirements. Providing competitive pricing with the assurance that your loan will close is our only focus, and no one does it better.

[email protected]

www.americamortgages.com