international mortgages
united states (excluding florida)
American mortgages are available for the majority of nationalities, for house purchase, home improvement or equity release purposes.
Loans are based on the valuation or purchase price (whichever is the lower), LTV varies depending on the state and currency of the loan, as shown in the table below.
Proof of income is required in all cases over 75%, and can be made up of earned income, pension, investment or rental income. However, it is not always the case that the lender will take all or part of these incomes into account when determining the maximum loan available. The income criteria is variable, Bank and Employer’s References are required if employed, and Bank and Accountant’s Reference if self-employed. Existing borrowing in the UK and overseas will be taken into account.
Example American mortgage in US Dollars:
A repayment mortgage of $100,000 over a period of 30 years at a Variable Interest rate of approximately 7.45% equals: approximately $703.00 capital and interest per month, therefore a total approximate amount payable over term of $257,000 including capital, interest, arrangement and survey fees.
If you would like to speak with a representative to discuss your requirements please call +(34) 677 874 948
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