The Client

Our client from Australia wanted to look for low-cost residential housing to earn investment income. They like the Midwest cities due to their low entry point.

How We Helped

Our client purchased a 3-bedroom property, which would give them the benefit of both yield and capital appreciation. They had no U.S. credit and a lumpy income from being self-employed, but we were able to structure a foreign national 30 year fixed loan. The entire transaction from loan application to closing was completed within 40 days, and the client never left Australia.

The entire transaction from loan application to closing was completed within 40 days, and the client never left Australia.

Loan Details

NationalityProperty ValueLoan AmountLTVRate
Australia Citizen $150,000 $105,000 70% 5.99%
Term Address Property TypePurposeLoan Type
30 year fixed Detroit, Michigan Single-Family Home Purchase Residential
Nationality Australia Citizen
Property Value$150,000
Loan Amount$105,000
LTV70%
Rate5.99%
Term30 year fixed
State Detroit, Michigan
Property TypeSingle-Family Home
Purpose Purchase
Loan TypeResidential

Schedule a call with our U.S. Mortgage Specialist.