Real Estate Community Forum

I have gotten a bank loan to purchase property here the United States, but what happens when you need a loan to buy property in another country? I would assume you need to set up a loan agreement in the same country where you purchase the property, but this seems very complicated because every country has their own terms, conditions, and legal guidelines that are very different from the United States. So what is the proper channel to follow? Should I go to my local bank in San Francisco California, who I also have a home mortgage with or is it best to apply for a loan from the country I wish to buy property from?

As you may imagine different countries have different rules and regulations related to procuring a mortgage for a foreign property. There are various international mortgage brokers that have developed relationships with countries and have a better understanding of how a respective country handles the process.

Depending upon the type of bank you are currently with, you may be able to get guidance and potential direction if the bank is large enough, has a foreign office , etc. At least you may be able to start your investigation through a friendly source.

Be careful of blindly doing a Google search to find a foreign broker as you have no idea what type of rates you may be charged.

Good Luck

Try a bank out of Florida called BAC Florida, they'll finance 75% of the appraised value. They only deal with certain mortgage brokers, but I'm certain they can put you in touch with someone in your area.

There are different countires having different rules, We have to obey for that. However, In most of the South Asia countries, most of the people are allowed to buy a home with loan.

I like to be there,

Cheers,
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