Profile picture for needanswer

mortgage with foreign income

I am a US citizen, had been working in the US for many years until recently I took a job overseas, my salary is paid in foreign currency.  I am going to buy a house in the US for my family. Can any body tell me where can I find a bank that I can use my foreign income to borrow mortgage from? I have very good credit scores, and enough down payment (old house was sold already). I am in Georgia, Thanks.
  • July 28 2011 - Atlanta
  • 0Yes

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Answers (5)

Profile picture for needanswer
Yes, I will, but not until Jan 2012 when we file the 1040,  I started this overseas job from Jan 2010, I was always working in the US before that, should I wiat until 2012, or I can do now? thanks
  • August 21 2011
  • 0Yes

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Profile picture for Ray Stevens

Are you reporting the income on your US tax returns?

  • August 21 2011
  • 0Yes

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Profile picture for needanswer

Thanks, it might be common in CA, but not in GA, unfortunately the answer so far is no, anybody can help for sure?

  • August 21 2011
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Profile picture for OelrichTeam
This is a pretty common situation, and most lenders would be able to provide a loan under these circumstances.

It's been more than a week since you posted this---were you successful in getting started with a lender?
  • August 07 2011
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You will need to have your pay stubs, employment agreement or contract, translated by a certified translator.  You will need to demonstrate equivalency of your salary into US dollars.

If you have a good credit, enough down payment, acceptable debt-to-income ratios ,and can document that your job overseas is a permanent job and not seasonal or short term, I don't see why you can't get approved for a mortgage loan.
  • August 07 2011
  • 0Yes

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