Profile picture for user0055899

Could a foreigner residing out of USA get a loan to purchase an investment property in the USA?

My father resides and lives in Venezuela and would like to buy a house in Texas with a loan. Could he qualify for a loan in the USA?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 01 2012 - Sunnyvale
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (3)

There are many lenders including western Bancorp has one too. But the interest rate will be little higher and you will also have the do larger down payment.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 26 2013
Hi user,

Take a look at this previous thread for more information.

Thanks,
Candace Camacho
Zillow Customer Support 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 01 2012
Yes.  Wells Fargo has a program for this.  There a only a couple other wholesale lenders that I know of, but I am also in California.  Maybe there is a Texas broker who knows of other options there.  

Your father should expect to put 40-50% down, he should not have to pay points and he should expect interest rates not much over what US citizens would get.  
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
August 01 2012
 
Related Questions
Hello, Is a consolidation of multiple properties eligible for an interest only loan?
Profile picture for Craig Bosse
Latest answer by Craig Bosse
January 22 | 5 answers
I lived here in sacramento ca, can i buy a 2nd home in los angeles ca?
Profile picture for Sunita Chaudhary Merchia
Latest answer by Sunita Chaudhary Merchia
October 26 2013 | 4 answers
Could a foreigner residing out of USA get a loan to purchase an investment property in the USA?
Profile picture for Sunita Chaudhary Merchia
Latest answer by Sunita Chaudhary Merchia
October 26 2013 | 3 answers
Can an individual secure a mortgage loan 15 months after a BK/forclosure with a parent cosigning
Profile picture for Greg Cowart
Latest answer by Greg Cowart
January 08 2012 | 2 answers
Is there anyway to qualify with credit score of 510 ZR-RHSZVBR
Profile picture for T.C. Whiting
Latest answer by T.C. Whiting
August 22 2011 | 4 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 361 Pacific Dr, Mountain View, CA Home For Sale
    361 Pacific Dr, Mountain View, CA 94043

     For Sale: $929,000

    • Beds: 3
    • Sqft: 1625
    • Baths: 2.5
    • Lot: 2150
  2. 661 Winggate Dr, Sunnyvale, CA Home For Sale
    661 Winggate Dr, Sunnyvale, CA 94087

     For Sale: $1,388,000

    • Beds: 4
    • Sqft: 2215
    • Baths: 2.0
    • Lot: 7600
  3. 3620 Warbler Ave, Santa Clara, CA Home For Sale
    3620 Warbler Ave, Santa Clara, CA 95051

     For Sale: $1,198,800

    • Beds: 3
    • Sqft: 1850
    • Baths: 2.0
    • Lot: 4900