Foreigner Loan: Requirements for Getting a Mortgage in the US
The path to owning a home in the United States through a mortgage as a noncitizen is difficult, but doable. The United States has many foreigner loan programs that noncitizens can take advantage of to get funding for a home just like a citizen. As one of the premier locations for foreign landownership, the US, in partnership with many private lenders, have created accessible and convenient pathways to this goal. Here are the requirements for anyone who is looking to take advantage of the opportunity.
HUD Approved Condos: Can You Still Qualify for a Reverse Mortgage?
Learn if a condo is eligible for a reverse mortgage and how to find out if your condo complex is HUD approved. There are so many things you need to think about when buying a home that it can make your head spin. However, if you’re nearing retirement and thinking about buying a home, that adds a whole new dimension to the home buying process and another whole list of things you need to think about as well. One of the things you can add to your list is buying a home with a reverse mortgage in mind. And if you are considering a condo as your next home, and a reverse mortgage is something you will at some point consider, you will also need to know whether or not your preferred condo is on the list of HUD approved condos. Yes, we realize this is probably all a bit confusing that’s why we are going to go over it in quite a bit of detail.