Overseas Buyers: Financing
Quick Facts:
• No American credit history required
• Income Documentation: Tax documents, pay stubs, letter from and accountant, verification from employer, copies of rental income documents
• Primary and Second homes only
• Customary loan to value is 70%3, 5, and 7 year Fixed Adjustable Rate Mortgage with a 30 year amortization payment
• 3, 5, and 7 year Fixed Adjustable Rate Mortgage with a 30 year amortization payment
FINANCING SCENARIOS
Purchase Price: $100,000
Loan Amount: $70,000 (70%)
Monthly Mortgage: $371.00
Purchase Price: $200,000
Loan Amount: $140,000 (70%)
Monthly Mortgage: $740.89
Purchase Price: $300,000
Loan Amount: $210,000 (70%)
Monthly Mortgage: $1,111.33
Purchase Price: $400,000
Loan Amount: $280,000 (70%)
Monthly Mortgage: $1,481
Purchase Price: $500,000
Loan Amount: $350,000 (70%)
Monthly Mortgage: $1,852
Purchase Price: $600,000
Loan Amount: $420,000 (70%)
Monthly Mortgage: $2,222
Purchase Price: $700,000
Loan Amount: $490,000 (70%)
Monthly Mortgage: $2,593
Purchase Price: $800,000
Loan Amount: $560,000 (70%)
Monthly Mortgage: $2963
Purchase Price: $900,000
Loan Amount: $630,000 (70%)
Monthly Mortgage: $3,334
Purchase Price: $1000,000
Loan Amount: $700,000 (70%)
Monthly Mortgage: $3,704
Why Florida? Buying Property in the USA Foreign National Financing
**The above are calculated using daily rates. Rates may change at any time.