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USA - Mortgage Financing

Introduction to Mortgage Financing in U.S.A.

We at IFG understand the importance of choosing your mortgage. Select the mortgage program that is right for you, including Pick-A-Payment, which lets you choose from up to 4 payment options each month!

Our recommended foreign national programs, for non US residents obtaining US mortgages are currently based on 30% down with employment or accountant letters and paper trail for the source of the required funds. The paper trail is a requirement for non-residents when obtaining most loans in the US. We simply need to verify where the deposit money has come from, either bank account or re-mortgage (re-finance) of another property.

With 35% down, same as with 30% but no need for an employment or accountant letter. At 35% down or more, there is no income documentation required whatsoever.

Due to recent changes in the mortgage market 75%LTV is only available on a case-by-case basis for foreign nationals. Ask IFG for details on who may qualify?

Interest rates starting at 4.69%.

The different loan programs recommended have the following characteristics:

40 YEARS FIXED:

Self-explanatory, fixed for fourty years.

30 YEARS FIXED:

Self-explanatory, fixed for thirty years.

3 OR 5 YEAR FIXED:YEARS FIXED:

Fixed for the first three or five years and converts into a one-year variable for the remaining term of the loan. That rate will be determined at the conversion period and will be subject to market conditions. This program has the option of paying interest only.

PAYMENT OPTION VARIABLE

This program allows the borrower to select any of three payment options every month; Full repayment, interest only or minimum payment at a rate of 1.0%. One of the many advantages of this program is that it allows the borrower to pay according to his cash flow. These programs are available at 80% of appraised value or purchase price, whichever is less, and with no income certification. There are other programs available, which would need to be considered on a case by case basis according to the circumstance.

U.S.DOLLAR or MULTI-CURRENCY LOAN OPTIONS ARE NOW AVAILABLE FOR MOST STATES IN THE U.S.A.

Current T Bill Indexed Rate: 3.75%

Sterling Mortgages: (PROGRAM SUSPENDED UNTIL FURTHER NOTICE)

Sterling loans are mortgage loans tailored to UK mainland residents only where you pay your monthly installments in British Pounds in the UK for your property in the US. They are for 5 years to 25 years term and can be 20% down with full income certification and 25% down and over self certification. These loan programs have no early redemption penalties, no mortgage repayment reserves required, no lien on UK property, gifts from family members for down payment permitted, interest only option on all products for entire term of the loan, fully US tax deductible mortgage interest payments and payment holidays available subject to conditions.

The different Sterling Loan programs are as follows:

FLEXIBLE TRACKER:

UK Variable Base Rate (at present time 5.75%) plus 2.74%.

ONE YEAR FIXED:

Initial rate of 6.74% with reversionary rate of UK Variable Base Rate plus 3.24% after first year at which time becomes a Flexible Tracker.

TWO YEAR FIXED:

Fixed rate at 7.74% with reversionary rate of UK Variable Base rate plus 3.24% after the second year at which time becomes a Flexible Tracker.

THREE YEARS FIXED:

Fixed rate of 7.99% with reversionary rate of UK Variable base rate plus 3.24% after third year at which time becomes a Flexible Tracker.

If you have a question or require further details on mortgages for USA, please CLICK HERE and a qualified member of staff at IFG will reply to you promptly.

Please do not hesitate to contact us .

As always, there is NO cost or obligation to find out what we can do for you.

IFG-group, Save Time Save Money.....

To get the most accurate interest rate, please apply online or call one of our loan officers, US +1 407 856 6677 - UK +44 (0) 871-780-1677

US Mortgage advice from the founder of IFGroup..

1) If you haven’t done so already, open a US bank account when visiting the USA; We will assist you with this process if necessary which only takes 30 minutes in person. Alternatively we can arrange for you to set up a bank account through us via email or over the Internet. You will require a minimum of $100 deposit and a copy of your passport(s).

2) Make sure to keep copies of all wire transfers to the US, as part of the final approval process we need to verify these transfers.

3) We will require 2 months bank statements on your UK account (Source of deposit and closing funds traceable 60 days). We will also require proof of origin of any large deposits (Patriot Act).

4) You are not required in person to complete your purchase in USA. We can courier the closing documents directly to you. You can have a local solicitor/Notary witness your signatures your end and then courier the papers back for closing/completion.

5) Don’t forget IFG are here to help you obtain a mortgage and we have the lowest interest rates available to foreign nationals, whether you are experienced in the mortgage process or first time applicants, our loan officers will be pleased to answer all questions you may have prior to applying, we’ll then guide you through the application and keep you and your realtor informed throughout the mortgage process.

Think of International Financing Group as your independent US mortgage recourse, our qualified experts will advise and assist you during each stage, showing you why so many have chosen IFG and keep coming back for their overseas property mortgages.

We hope this helps !

To get the most accurate interest rate, please apply online or call one of our loan officers, US +1 407 856 6677 - UK +44 (0) 871-780-1677

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