Mortgage For Foreigners In USA | Non Resident Mortgage USA

Every week, our loan officers based around the world speak with U.S. real estate investors with a multitude of short—and long-term goals. As 100% of America Mortgages’ clients are living and working abroad but obtaining U.S. mortgages, this insight is unique to a mortgage firm. With each client interaction, our loan officers increase their knowledge of real estate investing from a global perspective, building a community of like-minded investors. 

As we all know, obtaining a mortgage in the U.S. can be an exciting and potentially lucrative venture. However, for foreign nationals and U.S. expats, the process can feel like a maze. Without guidance from professionals who know all the “ins-and-outs” of U.S. mortgages for non-residents, navigating it can be challenging. With the help of America Mortgages, navigating the complexities of Loan-to-Value (LTV) ratios, credit requirements, foreign earned income, qualifying standards, and securing the right financing becomes easier and more straightforward.

In this article, we answer frequently asked questions from new and seasoned U.S. real estate investors. So, whether you’re investing in U.S. property for the first time or you’ve been investing for years, this roadmap will hopefully answer any questions you may have. 

What’s the LTV for a Foreign National?

America Mortgages offers LTVs for foreign nationals, typically up to 75% for purchases and 70% for cash-out refinancing/equity release. This means foreign nationals can finance up to 75% of the property’s value​.

What’s the LTV for a U.S. Expat?

America Mortgages offers an LTV of up to 80% for U.S. expats, depending on the specific program and the borrowers’ financial profile. Our goal with U.S. expats is to make it as easy as if they were living and working in the U.S. and walking into their local U.S. bank, however, no W2 is required and foreign income and assets are accepted.

Do I need U.S. credit?

For Foreign Nationals, U.S. credit is not required. If a formal credit history from your home country or country of residence is not available, America Mortgages accepts other forms of financial credit if the loan program requires it. Don’t have any credit history in any country? No worries. We also have programs for no-credit references. 

For U.S. Expats: To qualify for a conventional mortgage, you need to have U.S. credit and maintain a minimum FICO score of 640+. However, America Mortgages does understand there are U.S. expats who have been abroad for many years and may have limited or no U.S. credit history. If so, we have loan programs that will still allow you to obtain a mortgage. 

In which U.S. states can I get financing?

America Mortgages offers financing solutions across all 50 U.S. states. Foreign nationals and U.S. expats can purchase or refinance properties in any state.

What’s the minimum and maximum loan amount?

The minimum loan amount offered by America Mortgages is $100,000; the maximum loan amount is in excess of $100 million (High net worth mortgages). 

The LTV for HNW mortgages can vary depending on the specific loan program, property and the borrower’s financial profile​.

What documents are needed to qualify as an Expat?

To qualify as a U.S. expat, you need to provide the following; 

  1. U.S. Passport   
  2. Two years of U.S. tax returns
  3. No W2 is required 
  4. Two months’ pay statements
  5. Two months’ bank statements (foreign accounts are accepted)
  6. U.S. credit report (if available)

What documents are required to qualify as a Foreign National?

  1. Passport  
  2. Foreign credit report (if applicable 
  3. Two months bank statements (foreign accounts are accepted) showing available down payment and closing costs 

What’s the best market to buy investment property in the USA?

That is a big question. The “best “market depends on your investment goals. Major cities like New York, Miami, and Los Angeles are popular for their strong real estate markets, but emerging cities like Austin, Ohio and Detroit also offer great opportunities. 

America Mortgages’ loan officers are very knowledgeable about investment properties, and as a company, we provide free resources to help you evaluate market conditions based on your specific needs​​.

How long does the process take?

Getting pre-approved for a loan is easier and quicker than most people expect. The pre-approval process takes 24-72 hours once all documents are received. 

The entire mortgage process typically takes around 30 to 45 days from application to closing.

I own a property in the U.S. but never had a mortgage. Can I still refinance?

Yes, America Mortgages offers refinancing options, even if you have never had a mortgage before. We provide cash-out refinancing and other options depending on your property’s equity and current value​​.

What is the age limit for getting a U.S. mortgage?

There are a lot of unique benefits to U.S. real estate investing and age happens to be one of the biggest. There is no age limit when getting a U.S. mortgage. What does that mean? It means that if you’re 19 or 99, you still qualify for the longest amortization. This allows U.S. investors to maximize their yield. 

I’ve heard U.S. taxes are high. Can you advise on how to reduce or mitigate this? 

This is probably the biggest misconception of people living outside the U.S. With proper planning and tax advice from experts, the taxes on investment property are likely significantly lower than what you’d pay in any other country. The U.S. economy relies heavily on real estate, and therefore, it is one of the best countries to be a real estate investor. 

How many mortgages can I have as a foreign investor in U.S. real estate? 

Real estate is a tremendous way to build wealth in the U.S. Unlike many countries that have restrictions on foreign ownership or cooling measures in place to limit the appreciation of real estate; the U.S. is truly a free market. There are no limitations on the number of mortgages one can have as long as they qualify. This gives savvy investors the ability to buy, cash out, and buy again using leverage. Building a real estate portfolio in the U.S. with expert guidance and proper leverage is definitely achievable.

How are your mortgage loans underwritten? 

America Mortgages has several ways to qualify you for a mortgage, and with a 97% approval rate, we know this type of lending is better than anyone else in the market. The most popular program is;

Qualify only on the rental income. What does that mean? It means common sense underwriting. When you buy a property for investment, you qualify based on the cash flow generated from the property. You do not need to provide personal income. As long as the rental income covers the mortgage, tax and insurance, then the loan qualifies. In a situation where the rent isn’t sufficient to qualify for the entire monthly debt, it doesn’t mean the loan doesn’t qualify; it simply means you may need to increase your down payment. 

Introducing our new online mortgage platform

America Mortgages recently launched our new application platform which gives our clients a simple application process and an encrypted platform to communicate and upload documents required for obtaining a mortgage. Now, you’re able to follow the process of your mortgage in real time from application to closing. 

Now, qualifying for a mortgage is even easier and more straightforward. If you’d like to apply for a pre-approval U.S. mortgage on our platform, you can apply here.

Securing a mortgage as a foreign national or U.S. expat doesn’t have to be an uphill battle when you partner with America Mortgages. With a clear strategy and the right support from America Mortgages, you’ll be well on your way to turning your real estate aspirations into reality—whether it’s a smart investment or the perfect place to call home in the U.S.

Start your U.S. real estate journey today! America Mortgages approves 97% of loan applications—connect with our expert loan officers through our 24/7 link and make your investment a reality.

US Mortgage for Non-residents | Canadian Tax Overhaul

Kyle Mazzuchin, Vice President of Canadian Markets at America Mortgages, provided valuable insights into key issues affecting Canadians considering a move to the U.S. This webinar highlights the crucial aspects of relocating, including the latest trends and policies, taxation changes, and investment insights for Canadians. For those who couldn’t attend, the recording is now accessible here.

During the session, Kyle Mazzuchin (KM) addressed a variety of inquiries, offering informative responses to help Canadians make informed decisions about their potential move south of the border. Remarks have been edited for clarity and brevity.

1. Can I register a property in a Canadian company or American LLC?

KM: You should register an American LLC. You can register an LLC here or through the America Mortgages website under the concierge tab.

2. What’s the best way to get my application started?

KM: You can start your application through the new dashboard launched by America Mortgages, accessible at apply.americamortgages.com.

3. How easy is it to transfer cash into USD Dollars?

KM: You can transfer cash from Canadian to American dollars with relative ease through partnerships and vendors listed on the concierge tab of the America Mortgages website.

4. How do I register an LLC?

KM: You can register an LLC through the America Mortgages website under the concierge tab. It costs less than $150 USD.

5. Can I complete my U.S. purchase without leaving Canada?

KM: Yes, you can complete your U.S. purchase without leaving Canada by using a local notary with an apostille stamp or visiting the local U.S. embassy.

6. I’m a Canadian looking to buy a vacation home in the U.S. – what are the rates?

KM: Rates for Canadians buying a vacation home in the U.S. typically range from high 7% to mid 8%, depending on the state and location. A 25% down payment is normally required.

7. Can I get an insurance quote through America Mortgages?

KM: Yes, you can get an insurance quote through the America Mortgages website under the concierge tab.

8. I am purchasing a foreclosed property; can I get financing for it?

KM: It’s recommended to purchase a foreclosed property with cash and then refinance it later. You can also look at rehabilitation loan products offered by America Mortgages.

9. What’s the maximum loan-to-value (LTV) ratio for foreign investors, and is it income-dependent?

KM: The maximum LTV for investors is 75%. It can vary depending on whether you qualify with your income in Canada or projected rental income.

10. Missed the first half, can we ask for a recording?

KM: A recording of the presentation will be posted on YouTube and social media within the next 10 to 14 days.

11. Which of the states you highlighted are the most popular for Canadians to own?

KM: Popular states for Canadians include New York, Michigan, Ohio, Illinois, Florida, Texas, Arizona, and Nevada.

12. Is there anything like a 1031 for Canadians in the U.S.?

KM: Canadians can delay capital gains taxes in the U.S. using a 1031 exchange by reinvesting in a property of the same or higher value.

13. Are there age restrictions for retirees applying for a mortgage?

KM: There are no age restrictions for retirees applying for a mortgage.

14. How long would it take to get a mortgage approval for investors with America Mortgages?

KM: Mortgage approval for investors typically takes 72 hours for straightforward applications.

15. Does an LLC subject to double tax?

KM: It’s recommended to consult with a tax professional to understand the tax implications of an LLC in your country.

16. Is Remote Online Notary not available? Other companies offer that.

KM: Due to varying state regulations, using the apostille stamp method with a Canadian notary or lawyer is recommended.

17. Is HELOC as liquidity proof okay?

KM: if you do not have tax residency in the U.S., this is not available as liquidity proof.

18. Are interest rates better if you qualify with an income letter instead of DSCR of the property?

KM: Interest rates can be better if you qualify with an income letter and have an established credit in the U.S..

19. I have a property generating a cash flow of $2,500. How much loan can I get against it?

KM: This depends on various factors. It is recommended to speak with a loan officer to determine the loan amount.

20. Is America Mortgages a broker or a lender?

KM: America Mortgages is both a direct lender and a mortgage broker. They have their own loan programs and can underwrite and fund transactions. They also act as brokers for more complex transactions beyond their direct funding capabilities, covering residential to commercial transactions.

www.americamortgages.com

International Home Loan Lenders | Non-U.S. Citizens

Are you a non-U.S. citizen thinking about setting up an LLC to start a business? It’s a great idea, as you will see in this article. We will outline the advantages and explain why the small investment is worth the effort. 

1 in 5 new businesses fail within their first year of operation, which means you need to tilt the odds of success in your favor. The setup of an LLC process is a step in the right direction that’s inexpensive and simple, and anyone can do it. 

What is an LLC?

An LLC or Limited Liability Company that you can register in a specific state. As a non-U.S. citizen, it may not matter what state you choose when registering for an LLC – especially if you intend to sell products across the entire United States. 

In most cases, LLCs are usually hybrid entities that can be used by individuals or small businesses to improve the corporate structure of their business. You can set up your LLC yourself, or do so under the guidance of a professional service or business layer to help you make the most of the advantages. 

Open a Bank Account in the United States

As a non-U.S. citizen, you’ll have trouble opening a bank account in the United States unless you have an LLC. Therefore, you should strongly consider getting an LLC for the bank account alone. Here are the advantages of getting a bank account in the United States to do business:

  • Avoid currency conversions: you can accept payments and pay suppliers in USD without the need to convert to different currencies. This means you can avoid paying the fees that are associated with currency conversions – there is usually around 1-4% markup.
  • Bank loans: once you have a U.S. bank account, you’ll be eligible to get a bank loan, which can help you start a business. You can use the bank loan to buy inventory, rent commercial real estate and pay employees. Also, having an LLC may force banks to take your business more seriously, which could increase the chances of getting a bank loan. 
  • Business buyers: if you’re interested in selling your business in the future, potential business buyers will appreciate the fact that you have improved the business structure with an LLC. 

Avoid Tax Complications

Setting up an LLC helps you avoid paying income tax in the United States, which means you can use the LLC as a pass-through organization. However, if you have business partners, then the situation can become more complicated – you should consult a tax accountant in the United States to help you figure out the details. 

However, you still need to pay sales tax for the products and services that you sell. Also, the sales taxes differ for each state in the United States. It can get really complicated fast, so you should make the effort to get professional advice on how to structure your business with the LLC. 

Easy to Get an LLC

You may think that setting up an LLC for your business is a complicated process. However, you can get the entire process completed in just one session in front of your computer. That’s because these many services exist that help non-U.S. citizens set up an LLC via the optimized user interface. 

Make sure you have your documentation handy when setting up the LLC. This includes your passport number, business details, address, contact details, and more. Hence, you won’t need to stop the setup process to find the details. 

LLCs are Inexpensive

Overall, LLCs are one of the smallest expenses your business will have since they cost around $200-500 to set up. It depends on the service that you choose and if you need add-ons during the LLC setup process. 

When choosing a service to set up the PPC, here are a few things you should keep in mind:

  • Price: It’s important to shop around and find a good deal when looking to set up an LLC service. However, in some cases, you get what you pay for, so don’t look for the cheapest service. Ideally, you’ll get value for money with your choice. 
  • User interface: the UI of the website where you plan on registering for the LLC should be easy to follow and optimized. This makes the registration process more pleasant. 
  • Reputation: check the online reputation of a company you plan on using to ensure that it’s safe and trusted. You can view social media portals and and review websites like TrustPilot. Also, you can check Google Reviews to see what experiences other customers have had in the past. Note you should take testimonials on the service’s official website with a grain of salt. 

Increase Your Business Reputation

Some customers in the United States do background research on the companies they decide to buy from. Hence, if they see that you’ve taken the step to set up an LLC, you may have a higher chance of getting more customers and sales. 

Furthermore, improving the reputation of your business makes it a better prospect for potential buyers. Therefore, you can expect to increase the sale price of your business when you’re ready for the exit. Hence, the cost and effort put into setting up an LLC will pay for itself in the future. 

Final Thoughts

To conclude, you should setup an LLC for your business if you’re a non-U.S. citizen to take advantage of the benefits outlined in this article. You can get a bank account bank loan, higher exit prices and the set up process is inexpensive and easy. 

Now you simply need to find a high-quality service that supports setting up an LLC for non-U.S. residents. With such a big upside you should strongly consider the step no matter what industry you are operating in. 

America Mortgages has partnered with Nobility Consulting, a leading LLC provider, to offer seamless LLC formation services for our clients. This partnership ensures that setting up an LLC is straightforward and efficient. Click here to get in touch with Nobility Consulting and take advantage of their expertise.

They are the best LLC Registered Agent service in all 50 U.S. states. They are the only user-friendly platform offering online company formation, virtual mailbox, and registered agent service.

www.americamortgages.com

US Mortgage Loans | Home Loan in America

You’ve asked – We delivered!

Our America Mortgages team has been diligently working to make qualifying for a U.S. mortgage loan easier. We are proud to launch several new tools that make investing in U.S. real estate more straightforward than ever before.

“Finding ways to break down barriers to obtain a U.S. mortgage for foreign nationals and U.S. expats has been our sole focus. As a result, we now offer market rate mortgages with common sense underwriting,” states Nick Worthing, VP of U.S. Loan Originations. He continues, “With the launch of our new America Mortgages web platform and downloadable app, our process and ability to provide U.S. mortgages now surpasses even what the big banks offer (if they could offer U.S. mortgages for non-residents).” 

You can use our platform to apply for a U.S. mortgage here.

In addition to our application platform, we’ve improved our mortgage loan programs. Previously, when you were seeking a U.S. mortgage, we had certain requirements that may have discouraged you from applying.

These two items are:

  1. Requirement to open a U.S. bank account
  2. Requirement to have owned a property in the past

These two items are now no longer required!

  1. Requirement to open a U.S. bank account
  2. Requirement to have owned a property in the past

In addition, we’ve also added:

  1. 75% financing on multifamily (5-8 unit) properties for both foreign nationals and U.S. expats
  2. Asset Based Lending – loans underwritten only on the property value and not the financials of the borrower on commercial and residential properties up to US$75M

Our goal is to simplify U.S. property investing. We would like to reconnect with you to discuss our enhanced loan offerings for foreign nationals and U.S. expat clients.

If you would like to discuss our enhanced loan programs, you can schedule a call with one of our U.S. Loan Specialists 24 hours a day, 7 days a week.

As always, thank you for your continued support, and we look forward to working with you.

www.americamortgages.com

LLC Formation Checklist | America Home Mortgage

Despite reaching a record high in 2022, employee engagement still isn’t very high. Around 77% of employees are still disengaged from their work, meaning there’s a good chance you fall into this group.

Enough is enough, and you’ve decided to start your own business. The idea of a limited liability company (LLC) sounds amazing, as your assets won’t be at risk should anything happen.

While you know what kind of company structure you want, you might not know how to get started. To make your life easier, we’re here with a straightforward LLC formation checklist. Read on for the necessary steps you need to take to get your company up and running.

LLC Formation Checklist

Our 12-point guide will take you through all the steps you need to set up your LLC.

1. Name Availability Check

You might already have a business name in mind, but that doesn’t necessarily mean you can use it. 

Before officially registering your LLC, you need to make sure its name is legally available. You can do this by checking your state’s online databases, such as through your Secretary of State’s website.

In addition, you should do a trademark search. It’s not always required, but it’s still good practice. You can search the U.S. Patent and Trademark Office (USPTO) database to ensure the name doesn’t infringe on existing trademarks.

If the name’s available, you’re not in the clear just yet, either. Not only should it not be confusingly similar to the names of existing businesses in the same industry or geographical area, but you also need to follow your state’s naming requirements. In general, some words may be restricted or require special permission (such as “bank” and “lawyer”).

Lastly, consider the availability of a domain name. Plus, consider how the URL will look; ensure it doesn’t spell anything unfortunate.

2. Business Name Reservation

Once all of the above is set, then you should reserve your business name. This is another non-required step, but it can be beneficial, especially if you need more time to complete the entire registration process.

Some states will allow you to reserve a chosen name for a certain period by filling out a name reservation application. This will give you more time to gather all the necessary documents to form your LLC properly.

3. Choose a Registered Agent

Next on your LLC checklist is choosing a registered agent. This is a person or entity who can officially receive your company’s legal documents. They must have a physical address in the state where you form your LLC, and they must be available during regular business hours to receive said mail.

This step is mandatory, so you can’t opt out. And while you can choose yourself, a loved one, a partner, or an employee to be the registered agent, it’s highly recommended that you avoid doing so, as there are many drawbacks, such as lack of privacy.

Instead, have a professional third party fulfill this role, like Nobility Consulting. Our registered agent service is dependable and affordable. There will be less paperwork to deal with, and you can retain your privacy.

Use Nobility Consulting’s Service

4. Prepare and File Articles of Organization

The articles of organization are needed to officially establish your LLC. Other names for these papers include “certificate of formation” or “certificate of organization”; the actual name will depend on which state you’re in.

In the paperwork, you should include:

  • The name and address of your LLC
  • The purpose or nature of your business
  • The name and address of your registered agent
  • Management structure (member-managed vs. manager-managed)
  • Duration of your LLC (if it’s not perpetual)
  • Any additional provisions deemed necessary

In most cases, you’ll file your articles of organization with the Secretary of State’s office or a similar business registration agency. Typically, you’ll have to pay filing fees.

5. Prepare an Operating Agreement

An operating agreement isn’t always required for LLC formation but will help immensely should you have legal troubles in the future. This is because the document outlines the internal workings of the LLC, which will help the court make fair rulings.

Key information that should go in your operating agreement include:

  • Members and their roles
  • Management structure
  • Voting rights
  • Profit distribution

6. Obtain an Employer Identification Number (EIN)

In most situations, you’ll need an EIN for your LLC. Generally speaking, if you’re running a business without any employees, you don’t have to apply for one. However, if your LLC is classified as a disregarded entity, you must fill out an application. Your EIN will be used for tax purposes and opening a business bank account.

You’ll have to download and fill out Form SS-4 from the IRS’s website. You won’t pay any fees for this; this is a free service provided by the IRS.

7. Research Business Licenses and Permits

It’s your responsibility to research any applicable business licenses and permits you need to get. The exact actions you’ll have to take will depend on where you’re located and what industry you’re in. For example, if you’re selling baked goods out of your home’s kitchen, you’ll still need a food license.

Don’t forget that licenses and permits don’t only apply to the local level. Ensure that you’re compliant on state and federal levels too.

8. Open a Business Bank Account

Though not technically required, it’s best to open a business bank account after receiving your EIN. Not only will it keep your finances separate and make tax returns easier to navigate, but it’ll also raise your chances of receiving loans in the future. Some banks won’t lend you money for business purposes unless you have this account.

On that note, understand and comply with state tax obligations. This includes sales tax, income tax, and other applicable taxes.

9. Get Insurance

Consider obtaining appropriate insurance coverage; one misfortune can ruin all your hard work. General and professional liability policies are great places to start.

Of course, other optimal plans will depend on the nature of your business. Consult with an insurance agent to determine what works best for your situation.

10. Have Thorough Record Keeping

Your company’s records can make or break situations, so ensure your files aren’t a huge mess.

You should establish a system for keeping accurate and organized records from the start. They should include:

  • Financial statements
  • Contracts
  • Meeting minutes

11. File for Foreign Qualification if Applicable

Some entrepreneurs may choose to operate in a state other than the one where their LLC was formed. If this is the case for you, you’ll have to take another step: filing for foreign qualification.

Check the specific foreign qualification requirements of the state in which you plan to do business. Each state has its own process, fees, and forms, so you may want outside legal assistance. You may need to appoint a registered agent in the new state, as they’ll receive legal documents on your behalf.

In addition, some states may require you to have a certificate of good standing from the original state where your LLC was formed. It verifies that your business is in good standing and compliant with the home state’s regulations.

12. Register a Trademark if Applicable

If you want additional protection for your LLC, then this LLC startup checklist suggests that you register your business name and/or logo as a trademark.

To do this, you’ll need to identify the classes relevant to your business. Then, a trademark application should be filed with the relevant intellectual property office, such as the USPTO. You’ll need to include details about your mark, its use, and the classes identified above.

While your application is being reviewed, the trademark office may ask you to respond or provide additional information. If they approve it, then your trademark is published for opposition. If no one opposes, or the oppositions are resolved in your favor, then your trademark will be registered.

Use This LLC Formation Checklist to Ensure Business Success

With this LLC formation checklist, you’ll have a much easier time setting up your company. You’ll know what to do from start to finish, and it’ll be less stressful. As a result, you can focus on the more positive emotions regarding such an exciting venture.

Do note that specific requirements may vary by jurisdiction. This means you should consult with legal and business professionals in your area or where you plan to open your business.

This list may sound tricky – if you want help with LLC formation services, sign up with Nobility Consulting and let us do the hard work for you.

America Mortgages has partnered with Nobility Consulting, a leading LLC provider, to offer seamless LLC formation services for our clients. This partnership ensures that setting up an LLC is straightforward and efficient. Click here to get in touch Nobility Consulting and take advantage of their expertise.

They are the best LLC Registered Agent service in all 50 U.S. states. They are the only user-friendly platform offering online company formation, virtual mailbox, and registered agent service.

www.americamortgages.com

U.S. Housing Market | US Mortgage Lenders

Great news for non-resident investors eyeing U.S. real estate! Recent data from the Mortgage Bankers Association shows that U.S. mortgage rates have dropped significantly, reaching their lowest levels since early March. The average rate for a 30-year fixed mortgage is now 6.87%, while the 15-year mortgage rate has declined to 6.49%.

This drop presents a golden opportunity for foreign nationals and U.S. expats to move into the U.S. housing market. Lower mortgage rates mean reduced borrowing costs and increased potential for excellent investment returns.

Reduced Competition Benefits Overseas Investors

At the same time, the National Association of Realtors has reported a 36% drop in international buyers compared to last year. Contributing factors include high prices, limited supply, and a strong U.S. dollar, making U.S. properties even more expensive for some. This reduced competition gives foreign investors and U.S. expats an advantage in a less competitive market, allowing them to get better deals and potentially more attractive purchase prices. 

U.S. Housing Market | Mortgage Lenders Of America

At America Mortgages, we encourage investors to take advantage of these market conditions! To support your investment venture, we offer tailored loan programs so you don’t have to miss out on this opportunity:

AM Rental Coverage +

  • Property Type: 1-4 units (one property)
  • Minimum Loan Amount: US$100,000
  • Loan-to-Value: Up to 80% for purchase & 70% for cash-out
  • Underwriting: Based on property’s rental income 
  • Credit Requirements: No U.S. credit required
  • Income Requirements: No personal income required
  • Closing Time: 30-45 days

AM Investor +

  • Property Type: 1-4 units (one property)
  • Minimum Loan Amount: US$150,000
  • Loan-to-Value: Up to 75% for purchase & 70% for cash-out
  • Underwriting: Based on an income letter, not personal tax returns
  • Credit Requirements: No U.S. credit required
  • Tax Requirements: No tax returns required
  • Closing Time: 30-45 days

Mortgage Refinancing Surges to 2-Year High as Interest Rates Drop

The decline in mortgage rates has resulted in a 15% increase in refinancing applications last week—reaching the highest level since August 2022, according to the Mortgage Bankers Association. This surge, up 37% from last year, highlights the growing interest as rates decrease. Non-resident investors now have the opportunity to reduce their monthly payments and enhance financial gains through refinancing. 

Investors, seize the opportunity now! America Mortgages can guide you with specialized refinancing programs to maximize these favorable conditions.

Maximize Your Benefits with America Mortgages

At America Mortgages, we designed these programs to simplify the investment process and make it easier for foreign investors and U.S. expats to secure financing. With favorable mortgage rates and decreased market competition, now is a great time to explore investment opportunities in U.S. real estate.

What are you waiting for? America Mortgages approves 97% of all loan applications! Contact our experienced loan officers today via our 24/7 link to begin your U.S. real estate investment journey.

www.americamortgages.com

U.S. Housing Markets | Mortgage For US Expats

The world’s largest real estate market, the U.S.A., still has a lot of “undiscovered” housing markets where yield, undervalued pricing, appreciation potential, and low barriers to entry are a recipe for success. This week, we are going to feature a few of our picks. 

According to Insider Monkey, an underpriced housing market is one where the median list price tends to be lower than the typical home value. Based on Insider Monkey’s analysis of Zillow’s February 2024 Housing Market Report, the following cities present significant opportunities due to their undervalued properties, each offering distinct advantages that cater to diverse investment strategies. Here are ten promising undervalued markets to explore:

10. Van Wert, OH

Situated between Lima, Ohio, and Fort Wayne, Indiana, Van Wert offers a small-town atmosphere at an attractive price point. This affordability makes Van Wert ideal for investors looking for steady cash flow through rentals. With its growing market, Van Wert presents a potential exit strategy for those looking to capitalize on appreciation.

  • Average Home Value: $160,108
  • Median List Price: $134,967
  • Median Rental Income: $1,500

9. Detroit, MI

Detroit, fueled by cultural revitalization and economic development projects, is attracting new residents and businesses. This positive momentum has the potential to translate into rising property values and strong rental yields, making it a market worth considering.

  • Average Home Value: $240,536
  • Median List Price: $211,633
  • Median Rental Income: $1,250

8. Cape Coral, FL

Cape Coral is known for its extensive canal system and abundant waterfront properties. This unique feature is a cash flow magnet for investors looking to turn a profit on rentals. Cape Coral’s thriving tourism industry, fueled by vacation rentals, makes it a potential hotspot for rental income.

  • Average Home Value: $396,012
  • Median List Price: $364,633
  • Median Rental Income: $2,290

7. Rochester, NY

Rochester, NY, boasts strong education and healthcare sectors, ensuring a steady economy and a solid real estate market. It’s an excellent choice for investors seeking a reliable long-term property investment.

  • Average Home Value: $233,753
  • Median List Price: $189,233
  • Median Rental Income: $1,375

6. Boone, NC

Nestled in the Blue Ridge Mountains, Boone offers a combination of scenic beauty and a vibrant college-town atmosphere. This city attracts tourists and students year-round, making it a prime spot for investors seeking steady rental income.

  • Average Home Value: $477,496
  • Median List Price: $421,000
  • Median Rental Income: $2,200

5. Santa Cruz, CA

California dreamin’? Santa Cruz offers a vibrant coastal community with stunning beachfront property. This high-demand market is perfect for long-term investors seeking reliable properties with the potential for value appreciation.

  • Average Home Value: $1,148,405
  • Median List Price: $1,065,167
  • Median Rental Income: $3,400

4. Okeechobee, FL

Okeechobee is known for its stunning natural beauty and plenty of recreational activities, making it an appealing investment city. Investors can benefit from the potential for significant property value appreciation and a healthy rental income stream.

  • Average Home Value: $264,907
  • Median List Price: $178,800
  • Median Rental Income: $1,500

3. Clewiston, FL

Clewiston, known as “America’s Sweetest Town,” offers a substantial perk for investors – a significant gap between property value and list price. This translates to a strong potential for appreciation, making Clewiston a great deal for investors seeking a good return on investment.

  • Average Home Value: $274,997
  • Median List Price: $181,033
  • Median Rental Income: $2,500

2. San Francisco, CA

San Francisco remains a magnet for investors, with a strong economy, world-renowned culture, and stunning beauty. Despite higher property prices, San Francisco offers robust long-term returns, making it a high-value option for investors with long-term goals.

  • Average Home Value (Feb 2024): $1,132,271
  • Median List Price (Feb 2024): $951,667
  • Median Rental Income (July 2024): $3,350

1. San Jose, CA

Sitting in the heart of Silicon Valley, San Jose is a goldmine for investors. With booming tech companies driving the economy, this city offers excellent potential for property value growth and steady rental income. It’s a prime spot for savvy investors looking to capitalize on the tech boom.

  • Average Home Value: $1,554,128
  • Median List Price: $1,315,463
  • Median Rental Income: $3,044

But how does a non-resident (Foreign National and U.S. Expat) qualify for a U.S. mortgage loan?

It’s easier than you think! Regardless of where you live, work or play, investing in the U.S. housing market can be an excellent way to diversify real estate holdings for non-residents and U.S. expats. As most of you are likely aware, at America Mortgages, this is all we do. America Mortgages offers specialized loan programs, such as AM Investor +, designed to help international investors navigate the U.S. real estate mortgage market. These mortgage programs provide competitive rates, flexible terms and common sense underwriting, making real estate investment accessible and financially viable.

AM Investor + Program Highlights:

  • 1-4 units (one property)
  • Minimum loan amount: US$100,000
  • Loan-to-Value: up to 75% for purchase & 70% for cash-out
  • Underwritten using an income letter and not personal tax returns
  • No U.S. credit required
  • No tax returns required
  • Closing in 30-45 days
  • Suitable for non-resident entrepreneurs, self-employed, or pure investors
  • Approval within 72 hours of submitting all documents
  • Available in all 50 states
  • 30-year amortization for all loans, regardless of borrower’s age
  • 10-year fixed interest-only option available

Discover the potential of these top undervalued housing markets in 2024 with America Mortgages. Whether you’re a foreign national or a U.S. expat, our specialized loan programs like AM Investor + make investing in U.S. real estate accessible and potentially lucrative. 

Learn how America Mortgages can help you secure U.S. mortgage financing tailored to your needs. What are you waiting for? If you’re wondering, “Will I get approved?” consider this: America Mortgages approves 97% of all loan applications. When this is all you do, no one does it better! 

Contact our experienced loan officers using our 24/7 link to start your journey today!

www.americamortgages.com

International Home Loan Lenders | Buying Property In The US

Yes, you can form a business in the United States of America as a non-resident alien. And yes, it’s a great business move. The process is easy, and the list of benefits is long. 

Keep reading to find out why forming a Limited Liability Company (LLC) in the U.S. as a foreign entrepreneur is a good choice. We’ll also explain how you can form your LLC in just days, without traveling to the U.S. or leaving your house. 

What Is An LLC? 

Before diving into the article, let’s go over what an LLC is and why people choose to form it in the first place. 

An LLC is a business formation. It’s a middle ground between a sole proprietorship (self-employment) and a corporation. It offers the best of both worlds: limited liability and pass-through taxation. 

In other words, your personal assets are protected should your business get in financial trouble. And you’re not being double-taxed. The LLC’s income is passed through to you and only taxed at your personal tax rate. 

An LLC is the most popular choice for business owners because it offers flexibility. It’s easy to maintain, and the administrative costs are low. 

There are other business structures in the U.S. However, as a non-resident alien, you’re limited in your choices. To keep this article simple, we’ll focus on LLC formation for non-resident aliens/ foreigners. 

What Does Non-resident Alien Mean?

A non-resident alien is an official term to describe someone who doesn’t reside in the USA and is not a citizen of the USA. 

A resident alien is someone who lives in the USA but isn’t a citizen. This could be someone who migrated to the USA from a different country. 

The term alien is used to describe a foreigner. 

Benefits of Forming a U.S. LLC as a Foreigner

The USA offers many benefits for foreign entrepreneurs. The best part is that forming an LLC in the U.S. is fast and easy. 

Easy Formation Process

LLC formation is just as easy for non-resident aliens as it is for U.S. citizens. There are no complicated bureaucratic processes involved. Company formation can be done in days, though the exact time frame varies by state. 

Each State is Different

When you decide to form an LLC in the USA, you get to choose which state you incorporate in. Each state has its laws and regulations. The most significant differences are in tax rates, privacy, asset protection, and administrative costs. 

Choosing the right state for your LLC can save you money and hassle in the long run.

Limited Liability

One of the main reasons you might want to form an LLC is limited liability. It’s the protection you can rely on in case your business has to take a hit. 

What could be worse than losing your business and your personal possessions? Limited liability protects your home, savings, and other assets. It separates you from your business. 

It gives you peace of mind and protection. 

Pass-through Taxation

Most big businesses are taxed as separate entities, and then the owners are taxed again as individuals. This is sometimes referred to as double taxation. A corporation is seen as a separate entity. A corporation must file its tax returns and pay tax on its profits. 

The owners are paid by the corporation and have to pay tax on their income. So, in the end, the corporation’s profits are taxed twice. 

Pass-through taxation applies to an LLC. An LLC is a transparent business structure, so all the profits and losses are passed from the LLC to the owners, who report the profits on their tax returns.

The profits are only taxed at your personal tax rate. 

Non-Resident Alien Tax Rate

As a non-resident alien, you are only taxed on U.S. source income.

U.S. source income is income from activities performed in the USA. So, if you’re working remotely from anywhere outside the U.S., your income isn’t considered U.S. source income. 

Additionally, the IRS sets out that an LLC that meets the following criteria is NOT subject to income tax:

  • The LLC is 100% owned by non-U.S. tax residents;
  • The LLC does not have employees (dependent agents) or offices in the U.S.
  • The LLC must not have Effectively Connected Income (ECI) 

To simplify, as long as you work outside of the USA and your business doesn’t have a physical connection in the States, your LLC is not subject to income tax. 

Examples of Businesses That Are Not Subject To U.S. Tax

Here are some quick examples of digital businesses that don’t pay U.S. federal income tax. 

Coaches / Consultants

Let’s say you’re a coach. You don’t have a physical office. You don’t have employees. Maybe you hire freelancers or have remote staff outside of the U.S. You live between countries or have a base outside the USA. You form your LLC to receive payments from your U.S. clients. This income is not subject to U.S. federal income tax. 

Fulfillment by Amazon (FBA) 

You use Amazon FBA to sell products to the U.S. market (or any other market). You manage the different parts of the business; marketing, administration, and so on. And you live outside of the USA. Your products are shipped to an Amazon fulfilment centre and then mailed to your customers. 

Since Amazon is a giant that provides services to millions of other people, it’s not a significant business relationship regarding taxation. Amazon doesn’t rely on you for the majority of its income. If you were Amazon’s main client, it would be seen as a significant connection. Amazon would be seen as a dependent agent. 

Your income is not subject to federal income tax in this scenario.

Digital Product Seller

You have a course, an eBook, or any other digital product you sell to customers in the U.S. and anywhere in the world. Again, as long as you don’t have employees and physical offices in the USA, your LLC is not subject to income tax. 

This also applies to selling services/ freelancing, like graphic design, content production, etc. 

Access to U.S. Banking & Payment Processing

When you form an LLC, you will open a bank account in the U.S. This will make it easier for you to receive payments from your U.S. clients.

Payment gateways have to adhere to the financial regulations imposed by different countries. This can sometimes cause issues when receiving international payments. For example, the exchange rates and transaction fees can be high. 

The U.S. banking system is one of the best in the world. The processing of international payments using the U.S. banking system should be easier. And receiving payments from the U.S. will be more cost-effective. You’ll have more control over the fees and exchange rates. 

Business Reputation and Credibility

Having your business in the U.S. can give you an advantage over your competitors. Businesses registered in countries with weaker economies can be seen as less credible. 

Having a U.S. business address (you can rent a virtual mailbox at a low cost) and a bank account can add to the credibility of your business.

Low-Effort Administration

An LLC is easy to maintain as a business structure. You don’t have to worry about getting lost in complicated paperwork that’s unfamiliar to you. 

U.S. Corporations are usually burdened with requirements such as board members and meetings, annual reports, thorough record-keeping, and so on. This is also the case in most other countries. 

When you form an LLC in the U.S., you’ll have very little administrative work to do. Some states don’t even require an annual report. It’s a much more flexible and easy-going business structure, even for non-resident aliens. 

Summary

Forming an LLC as a foreign entrepreneur in the U.S. is a popular choice. You’ll benefit from tax savings, asset protection, access to the U.S. banking system, additional credibility, and much more. 

How do you form an LLC as a non-resident alien?

Company formation in the U.S. as a non-resident alien is best done through a specialist service. For a small fee, you can be sure that all your paperwork is done correctly and in the best interest of your business. 

America Mortgages has partnered with Business Anywhere, a leading LLC provider, to offer seamless LLC formation services for our clients. This partnership ensures that setting up an LLC is straightforward and efficient. Click here to get in touch with Business Anywhere and take advantage of their expertise.

They are the best LLC Registered Agent service in all 50 U.S. states. They are the only user-friendly platform offering online company formation, virtual mailbox, and registered agent service.

www.americamortgages.com

US Mortgage for Non-residents | Mortgage For Foreigners

Are you considering opening a business in the USA and wondering what non-citizens need to know about filing an limited liability company (LLC)? There are rules to follow, and whether operating from your home country or the U.S., consider working with a certified public accountant or experienced attorney.

To get started, choose a unique business name and tax identification number (TIN). Other steps include hiring a registered agent and opening a bank account for the LLC.

Are you a novice seeking to learn what non-citizens need to know about filing an LLC? We’ll discuss the importance of visas or green cards and highlight the steps to filing an LLC in the USA. Let’s get started.

Are there Business requirements for non-citizens when filing an LLC?

Operating a business in the United States requires no citizenship certificates for non-citizens. You can file for company formation registration and establish an LLC without hassles.

Non-citizens can also operate businesses in many U.S. states without a residency permit. You have no extra-legal requirements to meet besides appointing a registered agent to receive company documents and having a free business address in the country.

Do non-citizens require a visa or green card to file for an LLC?

Non-citizens should ensure they can stay in the United States before filing for a LLC. A work visa or green card is essential for foreigners seeking to work in the country.

Consider visiting the U.S. Citizenship and Immigration Services (USCIS) site to make informed decisions about green card and visa types. Some are permanent, temporary, or based on your job, so becoming familiar with the situation is vital.

Non-citizens with a master’s or bachelor’s degree can get H1-B visas, while green cards are available based on refugee status and employment. Furthermore, you can choose your preferred option based on substantial investment.

Furthermore, remember that you can incorporate your business online without necessarily living in the U.S. However, you might require the services of a registered agent with a legitimate address to receive the necessary documentation.

What are the steps to filing an LLC as a non-citizen?

Still wondering what non-citizens need to know about filing an LLC?

Selecting a business name, state, and registered agent service are the proper steps to filing an LLC as a non-citizen. Articles of organization and savings or checking accounts are also crucial. Let’s dig into the details:

Choose a business name

Your first step to filing an LLC as a non-citizen is choosing a unique business name that doesn’t belong to another organization. Wherever you choose in the States, select your organization’s identity within the confines of the law.

Non-citizens can do business under a different company name but must also register their “Doing Business As” (DBA) with the state. Lastly, it’s crucial to check the state’s secretary of state to avoid breaking the law because each jurisdiction has rules and regulations.

Choose a state

Another essential step to learning about what non-citizens need to know about filing an LLC is selecting a state to operate. Foreigners can get business addresses for an LLC but often have issues with taxes, but you only need to consider federal taxes if your desired state doesn’t require them.

New Hampshire, Nevada, South Dakota, Texas, Wyoming, Florida, and Delaware are states where you can start your LLC as a non-citizen. These states have no income taxes and business-friendly rules and regulations.

Get your taxpayer identification number (TIN)

A tax identification number (TIN) is a set of unique numbers that identify corporations, individuals, and other organizations. So, if your limited liability company is profit-oriented, paying taxes becomes a necessity.

Since you can’t file for an Employer Identification Number (EIN) like a citizen, consider getting a tax identification number (TIN) with the IRS after setting up a company online.

Choose a registered agent or sign up for a service.

After getting your tax identification number (TIN), focus on hiring an experienced registered agent or signing up for a service. The individual must meet the state requirements of having a legitimate physical address.

File Articles of organization

An Article of Organization is an official document outlining your company’s initial statements necessary to form an LLC. It set out the business capabilities and legal rights at the state level in the United States.

You must file it with your state’s secretary and pay the required fees. Furthermore, consider seeking legal assistance to better understand the process by hiring an experienced attorney.

Open a business bank account.

Opening a business bank account keeps company finances separate from personal expenses and prepares you for tax season. As a non-citizen, opening a limited liability company in the USA improves your chances of getting licenses and permits.

You can track your daily transactions and calculate your cash flow by opening a business bank account. 

Learn what non-citizens need to know about filing an LLC with ease.

After learning what non-citizens need to know about filing an LLC, consider getting the necessary permits and creating an operating agreement. It should detail the company members, objectives, owners, and day-to-day operation of the business.

Publish information about your company formation online in your local paper. It will help the public know what your organization offers. However, some states don’t require publication, so consider checking to avoid breaking the rules.

As a non-citizen, preparing reports and filing proper tax returns is necessary. Consider the Nonresident Alien Income Tax Return form (Form 1040-NR) and Partnership Income form (Form 1065).

America Mortgages has partnered with Nobility Consulting, a leading LLC provider, to offer seamless LLC formation services for our clients. This partnership ensures that setting up an LLC is straightforward and efficient. Click here to get in touch with Nobility Consulting and take advantage of their expertise.

They are the best LLC Registered Agent service in all 50 U.S. states. They are the only user-friendly platform offering online company formation, virtual mailbox, and registered agent service.

www.americamortgages.com