One of my UK relatives want to shift to US. She wants to buy a house in US first, and stay there with her family. She is a legal UK permanent resident, and has full capability to buy a house in USA. However, she is not a US resident.
Is it possible for her to buy a house without being a US resident/ legal immigrant?
2006-11-29 11:34:05 · 9 answers · asked by Legend 3 in Business & Finance ➔ Renting & Real Estate
Yes she can buy a house here but I do not think she will be able to get a loan since she is not employed here in USA. She had to buy it CASH. She will be allowed to live here only 6 months of the year unless she can come with other terms with INS.
2006-11-29 12:29:34 · answer #1 · answered by Isabella789 4 · 1⤊ 0⤋
Most definitely! It's called "Foreign National" loan! It does require at least 30% down payment! There are many banks that grant those kinds of loans! World Savings is most popular! The criteria is you must be employed in your country, absolutely no type of citizenship in the states, no credit, no record, no nothing...here in the states. A bank account is ok! Oh, and the interest rate is prime!
2006-11-29 22:24:37 · answer #2 · answered by ALEGNA 3 · 1⤊ 0⤋
Being a resident or citizen is not required. Here legally - yes.
2006-11-29 11:44:34 · answer #3 · answered by violet 3 · 0⤊ 0⤋
if she pays cash, citizenship never becomes an issue.
it becomes an issue when you have to prove you can pay the loan.
go to Canada, get a knowledgeable friend who knows the roads in upstate new york, drive a cross to a larger city.
get on a bus for the destination of choice.
assuming she "looks american" ie wasp, immigration is highly unlikely to ever be an issue.
2006-11-29 11:59:15 · answer #4 · answered by elmo o 4 · 0⤊ 0⤋
Yes
2006-11-29 11:37:37 · answer #5 · answered by Danno 1 · 0⤊ 0⤋
It is very possible if she has enough money to put down and doesn't mind a higher interest rate. It varies widely depending on the financial institution, so I advise her to shop around.
2006-11-29 11:40:06 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes...when getting papers in order just set her up for dual residency.
2006-11-29 11:42:17 · answer #7 · answered by Derek and Destiny 2 · 0⤊ 1⤋
Sure you can. Use it as a holiday home and I would not be a landlord while in another country unless you have a custodian to act in your place while you are not around.
2016-05-23 03:26:00 · answer #8 · answered by Anonymous · 0⤊ 0⤋
A few years ago I would have said yes, absolutely, unfortunately I don't know anymore... I think the answer is still yes....
2006-11-29 11:42:23 · answer #9 · answered by MotherBear1975 6 · 0⤊ 0⤋