| Well, the Canadians as well as other Foreign Nationals | | | | You can use these programs to buy 2nd homes or |
| are back and buying homes here in Florida. I have | | | | rental properties. A visa is only required if it is a |
| met with several Canadians and showed them a lot | | | | second home but not if it is an investment/rental |
| of condos on the beach and the biggest questions | | | | property. |
| have been: | | | | The above loan program is the foreign national |
| 1. What type of loans do we qualify for ? | | | | programs and apply to people from any other |
| 2. What is happening with these high property taxes? | | | | country as well as Canadians |
| 3. Should we use our own bank for the financing or a | | | | 2. The property tax situation is improving since the |
| mortgage broker here in Florida? | | | | values of properties has dropped tremendously in the |
| 1.) for the most part, Canadians buying 2nd homes | | | | last 3 years and this will also cause the assessed |
| here are treated pretty much the same as | | | | values of properties to decline as well. This means |
| Americans. | | | | that the taxes will go down based on the new, lower |
| If they have good credit, income and can prove | | | | values. |
| sufficient assets in a Canadian bank then they qualify | | | | 3. If you have access to a local mortgage broker in |
| for fannie mae loans and the interest rate for a 2nd | | | | the city or state you are buying in you are much |
| home. Down payments can be as low as 5–10%. | | | | better off because instead of just having the rates |
| This means they can get 30 year fixed rate loans | | | | and programs of 1 bank you have access to up to |
| with great rates in the mid 6% range. | | | | hundreds of lenders rates and programs. This allows |
| Foreign Nationals | | | | you to shop rates and programs all in one place. |
| If you cannot or do not want to supply all the | | | | Contact a Local Florida Mortgage Broker |
| paperwork required then you can qualify for a | | | | If you are thinking of buying a home in Florida feel |
| foreign national program. | | | | free to request a free consultation with me to see |
| Employment is verified by an accountants letter or | | | | what type of loan you qualify for. Not only am I a |
| income letter from an employer, | | | | Realtor I am a mortgage broker and I specialize in |
| Assets are verified in foreign bank and converted to | | | | low down payment loans and first time buyer |
| U.S. equivalent, | | | | options, and Foreign National loans. |
| A credit letter from an international bank or 2 local | | | | Contact me here |
| credit letters from any creditors,own payments | | | | Search The South Florida Multiple Listing Service FREE |
| (20-25%) are required and fixed rates are not | | | | Download my free report “How to avoid the 10 |
| available for any longer than 3 years and then they | | | | Biggest Mistakes When Getting a Mortgage”. |
| can lock in for the balance of 27 years. | | | | |