Frequently Asked Questions

If you are a local buyer you must have at least: a credit score of over 580, the down payment to buy and a work history of at least 2 years; depending on your employment status there are programs with some flexibility.

Yes, a foreigner has the possibility  of obtaining a mortgage loan and therefore  acquire a home in the U.S.

The bank finances up to 65% for foreigners.

The lending institution considers your debt-to-income ratio, which is a comparison of your gross income (before taxes) and expenses related and unrelated to housing.

Currently, there are mortgage options that require a down payment as low as 3 % of the purchase price. However, the larger the down payment, the smaller the loan amount and the larger your equity. Mortgages with a down payment of less than 20% generally require a mortgage insurance policy to obtain the loan. When considering your down payment amount, keep in mind that you will also need money for closing costs, moving expenses, and possibly repairs and decorating.

In Florida, it’s not mandatory, but you must use a title company. In Georgia, you must use an attorney. For a foreign buyer an attorney is recommended. 

For foreigners, we recommend purchasing in the name of a company. There are other options a Real Estate Planning attorney may be able to explain. 

The most common loans are the FHA, the conventional, the veterans’ loan, the loan for people with bank status form 1099 and other programs depending on the need.

Yes. By sending extra money each month or making an extra payment at the end of the year, you can speed up the loan repayment process. When you send extra money, be sure to specify that the payment difference should be applied to the principal. Most lenders allow early repayment of loans, although they may require payment of a prepayment penalty.

Look for an agent because they have experience with all types of clients, whether residential, commercial, or local and international investment, providing comprehensive advice and customized strategies in the strongest markets in the United States. The agent who accompanies their clients from beginning to end with transparency, sound judgment, and a results-oriented approach, helping them protect and grow their wealth with confidence.

It is unethical to work with multiple real estate agents, as commitment and transparency between buyer or seller and an agent are vital. A good real estate agent dedicates time and effort to truly meet their client’s needs, and therefore, there is a legally binding agreement to strengthen this relationship. If the client is not satisfied, the agreement can be terminated when appropriate.

There’s no single answer to this question. Generally, older homes tend to be in more stable neighborhoods, offer a better atmosphere, and have lower property taxes. Newer homes tend to use more modern architecture and systems, are usually easier to maintain, and may be more energy efficient. Initially, people who buy new homes often don’t want to worry about maintenance and repairs.

No, you don’t need to be present for the closing. If you’re buying with a mortgage and have a document that needs to be notarized, this can be done at the U.S. Embassy or consulate in your country of origin. Another option is to create a power of attorney, in which you authorize someone else to sign documents on your behalf.

Yes, the United States government requires foreigners and residents to pay U.S. income taxes on the net income (income less expenses) produced by the property.

The federal tax on long-term capital gains (property held for more than 1 year) is 30% for foreign nationals. Typically 15% withholding on the sale price (Non-Profit)   then actual tax is calculated when filing.