2006-12-16 04:55:10 · 8 answers · asked by ez 1 in Business & Finance ➔ Renting & Real Estate
yes, if they have the money
2006-12-16 04:57:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
For the most part it isn't a problem, but there are more restriction for foreign nationals.
If you a resident alien, it's pretty much the same as being a citizen of the USA.
If you're not a citizen, you will likely need to put more money down than the average borrower, but aside from that, most large banks and mortgage companies are willing to work with foreign nationals who have money. Again, if you're a foreigner looking for 95-100% financing, it probably won't happen.
Learn about mortgage and credit:
http://www.thetruthaboutmortgage.com
2006-12-16 05:29:48 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes, but you have to show proof of your identity and status. Some states restricted purchase of property to residents but I believe that restriction has been struck down by fed. law. A lot of it depends on mortgage company requirements as to lending, unless you are paying "cash"--no mortgage involved. Check with your broker if you are using a mortgage; if you have the proceeds to directly purchase without needing a mortgage, it will be a lot easier and the title company/closing company will know what requirements exist.
2006-12-16 05:01:25 · answer #3 · answered by MJ 4 · 0⤊ 0⤋
Yes, as long as you're legally in the country. As a practical matter you don't even need to be here to purchase property; many have used an agent or other intermediary to do this. A significant amount of US property is owned by non-US nationals or holding companies.
More than one non-US national got status based on property ownership. Normally this needs to be a significant amount of property but it is entirely possible to "buy" legal status through significant investment in the US.
2006-12-16 06:28:14 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes. Just like we can buy houses in other countries. My uncle lives in Japan but has three houses over here, plus rental properties.
2006-12-16 04:57:14 · answer #5 · answered by Emily D 3 · 0⤊ 0⤋
yes, my friend just got a foreign national loan through this broker who really knows his stuff. his website has a ton of information http://www.scottlushing.com/
2006-12-18 09:45:43 · answer #6 · answered by jessgirl 1 · 0⤊ 0⤋
Yes, why not. Ask most African leaders.
2006-12-16 05:05:18 · answer #7 · answered by peaceman 4 · 0⤊ 0⤋
Yes...No restrictions...
Perfectly safe..
2006-12-16 04:56:56 · answer #8 · answered by Anonymous · 0⤊ 0⤋