http://www.fanniemae.com/aboutfm/index.jhtml;jsessionid=HQ1CJR1TWYRT5J2FQSHSFGI?p=About+Fannie+MaeFreddie Mac is basically organized the same way on slightly smaller scale.In easy to understand terms, both function to purchase loans in bulk off the lenders who write loans to borrowers.Each has it's own guideline book which lenders follow if they…[Read more]

Just thought I'd share that one of the main lenders allowing foreign national loans now allows for the title work to be vested in the name of a business entity.  There are certain conditions that apply pertaining to the business entity but very minimal.In addition, there are a couple new lenders who can take on the challenge of doing c…[Read more]

What type of investment properties are you looking for?

In the US, anything that is 1 to 4 units is considered residential; 5+ is considered commercial.

Were you looking to buy properties that need to be rehabbed or were you looking for properties already fixed up?

If you need to rehab a property then you’ll most likely need to use…[Read more]

Thanks Luke for sharing your thoughts.

I’d just like to point out that our 2nd international deal is closing this week. Other than issues related to the property, there were no hold ups. Three more in procssing which are going well and should close by month’s end The lender has been working very easily with us and we have pretty much nailed…[Read more]

This is an update for the Wachovia Bank Info.

In my last reply I indicated that pulling funds out of this account may pose a challenge as they usually need the client physically there to request a wire.

Virginia, the contact there has found out 3 convenient ways that funds can be taken out for closing. You’ll want to verify these too as youâ…[Read more]

Key US Banks that will allow you to open an account and not have to be in the US. Most of the data should be accurate.

Wachovia
http://www.wachovia.com/corp_inst/page/printer/0,,7_19_1575,00.html
Virginia Prince
800-922-4684 opt#2 ext. 66837
Direct 804-762-6837
She’s there from 10-5 ET
Let her know that you spoke to me, she was very…[Read more]

Yes,

Will be ok for the lenders here in the US.

Ben Carmona
Mortgage Planning Consultant
“Specializing In Investment Loans”
First National Mortgage Sources
314-914-6052 c
866-226-6309 f
On Skype at: Ben.Carmona-US.Investment.Loans
[email protected]
http://www.BenCarmona.com

Lending Nationwide Throughout the US

Hi Richard,

HSBC was the only one I had spoken with up to this point. With their lag in internet service I’d like to find other alternatives.

Will make an update here next week after making some calls.

Enjoy your day.

Ben Carmona
Mortgage Planning Consultant
“Specializing In Investment Loans”
First National Mortgage Sources
314-914-6052…[Read more]

I’ll make some calls next week to other banks that may have a presence in both the US and Australia.

We should be able to find one which is acceptable to the mortgage lenders here in the US and that can move quickly for clients wheter they’re still at home or visiting here.

Ben Carmona
Mortgage Planning Consultant
“Specializing In Investment…[Read more]

A landtrust is used by many investors as away to conceal the change in ownership. As Luke mentioned, anytime a property transfers title, the lender may trigger the “due on sales” clause. Calling the note due immediately may put the new owner in tight bind. This is not an illegal process, rather what some call a loophole.

Your probably familiar…[Read more]

Try HSBC. They have branches in Australia too.

http://www.us.hsbc.com/1/2/3/international-services. This link should help and you can call 800-978-4722 for assistance

Ben Carmona
Mortgage Planning Consultant
“Specializing In Investment Loans”
First National Mortgage Sources
314-914-6052 c
866-226-6309 f
On Skype at:…[Read more]

My Skype address is Ben.Carmona-US.Investmnet.Loans

http://www.Skype.com

Ben Carmona
Mortgage Planning Consultant
“Specializing In Investment Loans”
First National Mortgage Sources
314-914-6052 c
866-226-6309 f
On Skype at: Ben.Carmona-US.Investmnet.Loans
[email protected]
http://www.BenCarmona.com

Lending Nationwide Throughout the US

Hello Worldchanger,

I’d love to share my services with you. If you have projects that need financing of low loan amounts, then I’d suggest you contact me privately by email, Skype, or cell phone.

There is a lender available for me to do loans under $50,000. Maximum LVR is 80%, refinance or purchase, 1-4 units ok.

There are several people on…[Read more]

Hello Gentlemen,

One thing to be aware of is that US lenders which offer Foreign National loans programs may be looking at more than just your fico score. You see, typically these are done as a portofolio products and require a manual reviews by the lender. Manual reviews are how underwriters use to approve loans before computer programs were…[Read more]

Berry,

There are several options possibly available for you in the state of FL. These would include 90% and also a true No Doc. No Doc means that no employment, income, or assets are put on the application. Most lenders here in the US will require that your business has been operating for at least 2 years if you are going to use that as a…[Read more]

Luke,

Thank you for your interest. After I had been contacted by several investors from Australia, I realized how strong the need was in your country for additional financing options. Not only that, but also having a contact here the US that understands the financing of investment properties. Building strong relationship of those you can…[Read more]

That’s a great opportunity you have for your clients that need or want 100% financing. I’m sure you’ve worked hard to build that relationship. Is this the loan that is only available in San Antonio and Buffalo? How about documentation – can they do that with no credit score, no employment, no income, and no assets?

Thank you for clarifying the…[Read more]

Thank you for clarifying that for those who are targeting lower valued properties. Actually the minimum purchase price would be $100,000. If the majority of the investors on this board are purchasing for under $100,000 then it makes sense to add this in here. Who know’s, now that 90% is availble, maybe the median purchase prices will…[Read more]

Ok,

Now I’ll speak for myself and attempt not to care of how seemingly rude Richard’s last reply was. (That’s ok Richard, I’ll forgive you but wont be able to help get that shoe out of your mouth.)

Simple fact is that 90% is available to Australian investors looking to purchase in the US. Just because someone has never presented this option…[Read more]

As mentioned, Westan and I did have an opportunity to speak last week.

Just to clarify for other readers, 90% is available in the US.

No Doc (no employmet, income, assets) loans are available as well.

Ben Carmona
Mortgage Planning Consultant
“Specializing In Investment Loans”
First National Mortgage Sources
314-914-6052 c
866-226-6309…[Read more]