Arizona Loan needed for US Citizen Living abroad !! HELP PLEASE

WeBuyProperty
Contributions:2

Hello,

I need some advice with regard to getting pre approve for purchasing an Investment property in Tucson, Arizona.

I'm a US Citizen Living abroad with no US credit history. we would like to purchase a 4plex property with 10% down.

Any advice would be appreciated

Cheers

Hadar

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May 30 2008 - US

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Martin Wareing, "Martin Wareing"
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Hadar,

I wish you well. I do not know of any 4plex lenders with that LTV, much less the complicating factors you layered on top. For FNMA type loans.... 80% MAX for FULL DOC. Good luck.

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May 30 2008

Michinaga
Contributions:143

Hadar, do you at least have a bank account in the US? If so, that's positive credit history right there. Have the bank issue you a credit card and make purchases abroad using it from time to time. A hassle, I know, but your credit score will rise.

Are you moving back to the US, or looking to buy an investment property? You will have a hard time getting non-US income counted when looking for a loan, but if you're moving back to the US and already have a job lined up, it's much easier.

Did you have good credit before moving overseas?

Your credit score is not zero if you move abroad -- you're just "neutral". Even if you have to rent for a few months after moving back, paying your utilities on time and not doing anything dumb should get you "normal" credit very quickly!