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Can foreigners get a mortgage loan in the US and invest in real estate without Permanent Residence?

Band asked:

I am pretty sure this is possible, but I want to make sure. Basically, the person I know is from another country and does not live in the US and wants to buy real estate, specifically a house to rent out and for others to manage in the US. He besides a visitors Visa to the US, does not have any other relation with the US at this time. Is this possible?

Also, if this is possible, what are the requirements for a person who wants a loan in this situation and does anyone know any good lenders?

Boston homes for sale

Posted: 04|5|09 at 9:47 am. Filed under: Renting & Real Estate.
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3 Responses to Can foreigners get a mortgage loan in the US and invest in real estate without Permanent Residence?

  1. golferwhoworks
    April 6th, 2009 at 10:47 pm

    Oakland retail space

    must have a green card as far as I know

  2. Samuel C
    April 9th, 2009 at 1:44 pm

    Buffalo Grove homes

    I am nearly sure that this is Possible as long as the Assets stay in the USA.
    I am sure that the Bank and Mortgage Bank have all the Legal Documents ready for this type of transaction.

  3. B
    April 12th, 2009 at 2:38 pm

    Frederick MD real estate

    I hope not. It would be sad if a foreigner could get it and most americans cant even get a loan for a house to actually live in.

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