All Topics / Overseas Deals / USA LOANS?

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  • Profile photo of solomonsolomon
    Participant
    @solomon
    Join Date: 2005
    Post Count: 43

    Which banking institutions in the US provide loans to foreign nationals?

    Thanks,
    Solomon

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    As far as I am aware there is only 16 in the entire US.

    Some of these are State specific one or two of them lend USA wide.

    Richard Taylor
    Residential & Commercial Finance Broker
    **NODOC loans from 6.89%**
    Licensed Financial Planner
    http://www.yourstatefinance.com
    [email protected]
    Ph: 07-3720 1888

    Richard Taylor | Australia's leading private lender

    Profile photo of csimonscsimons
    Participant
    @csimons
    Join Date: 2004
    Post Count: 70

    Solomon,

    My advice would be to establish yourself with a good finance broker who has access to many lenders. Someone who knows and understands US finance as it changes from State to State.

    I have sent many clients to Richard Taylor to assist them with there finance so maybe give him a call.He is at http://www.yourstatefinance.com . Also just one other tip, if you are seriously considering finance in the US, get yourself set up with a US bank account. Some of the better loan packages require you to have an established bank account over there.

    If you are starting out, spend some time on setting up your foundation first as it will put you in good position for later.

    It takes about 4-6 weeks for the bank account process with HSBC . Obviously you can go into a bank in the US and open an account over there.

    Just for the record for those visiting San Antonio, Bank of America is great. I set up an account with them on my last visit. They provide you with internet banking immediately which is of great convenience.

    Those with existing HSBC accounts will know what I’m talking about.There is a minimum period which you have to have your account for before they will provide you with internet banking access.

    Some of the major banks will also expect an extra 5% deposit on the loan if you have no bank account. No biggy I suppose but hey, if you can put 5% less of your own money down then it’s better for you.

    Once your bank account is established, why not apply for a credit card as well.This will assit in building up a credit rating within the US.

    I hope this helps.

    Chad

    Providing Turnkey Real Estate Investments In The USA.

    E-mail:[email protected]

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