can I purchase a house in the US before moving there

[missing.my2angels 0]

I have a quandary in that my fiancee needs to get her soon to be ex husband off of the mortgage. Without selling up and us starting afresh when I get over there in hopefully 7 months if the K1 goes quickly, is there a way I can get a mortgage here to buy the house jointly with my partner in the US or solely by myself?

Many thanks

David

[diadromous mermaid 36]

I have a quandary in that my fiancee needs to get her soon to be ex husband off of the mortgage. Without selling up and us starting afresh when I get over there in hopefully 7 months if the K1 goes quickly, is there a way I can get a mortgage here to buy the house jointly with my partner in the US or solely by myself?

Many thanks

David

As a non-resident alien, it might be tricky to find a lender that is willing to take the risk. Foreclosure process is impacted if the borrower is not a resident. However, there are companies that will, but the interest might be higher than practical. After you've secured a green card, LPRs are treated as US citizens by most lenders.

[Boiler 47,478]

There are UK providers who finance overseas mortgages.

Must be many sources of info available in the UK, try WH Smiths, last time I looked there were loads of magazines on buying abroad.

Simplest thing would be for her to re-mortgage.

Edited January 6, 2008 by Boiler

[Fandango 1,440]

You'd need a foreign national loan, and about 30% down. I see them everyday.

[Lansbury 19]

Try these people as a starting point.

http://www.mortgages.co.uk/holiday-homes/U...a-mortgage.html

[greeneyedgirlfl 0]

I live in Orlando, and we have a large number of foreign nationals who own property in my area...most rent the property, but some use it as vacation homes...