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Real Estate Home Mortgages/residential mortgage for foreigners


Hi Mr. Forster

I am a Canadian residence. But I am thinking to purchase some investment property in US. I am wondering, can foreigners get approved for mortgage, if so at what stake.

Thank you

Hi David,

Most U.S. mortgage lenders will not lend to non-residents. There are a few exceptions, as some of the larger institutions will consider making such loans to well-qualified foreign applicants. When they do, the down payment requirements tend to be fairly high - 25% to 40% of the purchase price.

You'll get better results from some of the large investment banks operating in both the US and Canada, particularly if you maintain a strong financial relationship with them.

Best wishes,

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Eric Forster


Did your last mortgage broker or lender trick you into a messy situation which could cost you your home? I've been close to 30 years in the mortgage industry, and I've seen it all. Believe me, it is not pretty. As the owner of a mortgage company I am called frequently to testify as an expert witness in mortgage fraud cases and other cases where lenders did not fully disclose the terms of the loans they were offering to the borrowers. I have seen fraud being committed by borrowers - and by lenders. It's a tough world out there. And by the way - you are invited to visit my website,


More than 25 years in loan production and underwriting in Southern California.

Mortgage Bankers of America (Southern California Chapter)

Former columnist for AOL Financial Center and the author of a mortgage primer.

MBA (Finance)

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