Foreign National.... Its Okay to Purchase a Home.......Call for Info... in Stockton, California

Foreign National
Although obtaining financing in the United States today is more difficult than during the property boom, it is still possible for qualified foreign investors to get a loan from several Banks when buying a property in United States. However, the loan is typically 50-60% of the purchase price or less. In other words, the down payment must be 40-50% or more of the purchase price.
Qualification is not based on the FICO credit score and is relatively easy. Foreigners are not required to have a credit record in the United States. Of course, the borrowers must have a job or be self employed in their home country.
The interest rate charged may be slightly more than for a US resident. Some Banks offer an ARM (Adjustable Rate Mortgage) loan or others have a 30 year fixed interest rate loan. The ARM loans may have an interest rate fixed for 3 to 5 years, after which the interest rate will be based on an index plus margin, they are amortized over 30 years.
Omar Khamisa
Mortgage Loan Manager- NMLS#xxxx25
Cell: (510) 648-xxxx
Office: (209) 651-xxxx
Omar@MSJMortgage.com