Our client has previously studied at the University of Arizona and loved the lifestyle, food, and culture. He’s now back in Riyadh, working at the family business. As with many Middle Eastern clients, he is not required to file income tax in his home country. Great for cash-flow, but bad for applying for credit outside your home country.
How We Helped
Our client was unaware that U.S. mortgages were available and had questions about the availability in Riyadh. We told them that only sanctioned countries are not allowed, and we work with clients in Saudi Arabia and around the Middle East regularly.
Because our loans reach across a broad spectrum of countries, we do not require tax returns to qualify. We allowed a letter from his employer stating his last three years and current income to qualify. Simple. Easy. Hassle-free.
|Nationality||Property Value||Loan Amount||LTV||Rate|
|Saudi Arabian Citizen||$290,000||$203,000||70%||4.875%|
|Term||Address||Property Type||Purpose||Loan Type|
|30 years fixed||Phoenix, Arizona||Single-Family Home||Purchase||Residential|
|Nationality||Saudi Arabian Citizen|
|Term||30 years fixed|
|Property Type||Single-Family Home|