The United States Real Estate Forum works with five brokers who work with dozens of banks across the US
1. Financing terms: Each bank has different financing terms. In most cases, the financing amount for refinance or flip transactions will not be less than $ 100K for the purchase of the asset, but of course each case, and each bank has different criteria. We will submit any request to the most relevant banks according to the details provided on the application form.
2. A large portion of the loans can be granted for up to 30 years at a fixed interest rate. Usually there is no "Penalty Preference" exit fee on early payment!
3. Most banks are willing to do refinance only for a completed asset - which means that in some cases you will need to take a Hard Mani loan for renovation, and after finishing the renovation, you can spend the money by refinancing. Interest rates change all the time, but you can usually get interest rates of 4 to 7 percent for 30 years.
Prerequisites for a Foreign Investor Loan - Before receiving the loan the borrower should:
Hard mani loans
As is well known, interest rates for the Hard Mani loan range in the range of 10-12% annual + 2-3 points for setting up the loan frame.
In most cases, Lender is willing to fund between 80-90% of the purchase and 100% for the renovation, but no more than 70% of the ARV.
- About Balloon Loans - Balloon loans are different from the Hard Mani loan. Balloon loan (mediation) is a loan of up to 75% of the property value and no renovation money can be obtained. This loan is at a 6-8% interest rate. Hard Mani is a 10-12% +3 point loan.
- Any property can be cured without the "sizzling" wait. Israelis have no credit, but they can still be given a loan of this kind.
- With this balloon loan "Pix Price" for a period of 30 year.
New construction loans and multimillions
Here are the terms of one of the banks we work with for new and multilateral construction loans - but of course we will submit your application to a large number of banks for optimal conditions
The documents needed for the loan
- Personal Financing Statement
A form that includes the name of the company, existing assets, debts and liabilities, sources of income, information about the loan holders, shares and bonds, real estate you hold, unpaid taxes, life insurance, etc.
In Social Number - If you don't have one, just enter XXX
Sign your name
- Loan application form - Loan Application
Includes your details, property address, details of the renovation, details of the owner and signers of the loan, details of employment, a questionnaire about your background, etc.,
- Insurance Requirements Overview - Insurance RequirementsThis form contains a statement of insurance requirements
- Form details of the contractor This form includes details about your contractor, who owns it, his insurance, the number of projects he is currently doing, his history, recommendations for it and documents to upload such as the contractor's insurance, resume, income tax documents, etc.
- Appraisal Payment Authorization Valuation Document In this document you authorize the bank to send an appraiser to make an estimate for the property
- Excel List their properties and details - If you want to refinance multiple assets, please fill in the details of the assets in this excel - Click here to download the Excel
- Confidentiality document and non-compete - A document that says that after we decide to move forward you do not disclose the details of the banks and brokers we work with for any reason and that you are obligated to work with these banks through the Forum in all your future loans - To download the document click here
Phone Help & Support Forum
To receive online support and response, all questions in the Foreign Investor Financing Forum should be concentrated on the site.
It is important to concentrate all the questions in one place so that we can remain effective - as well as the free forum consultation.
Loan application form to start the process
Fill in the details as much as possible.
We will get back to you as soon as possible to assess your loan prospects, and you will also be sent a manual refill form.
Establish a consultation call with the banker
To begin the process, you are welcome to fill out the questionnaire on this page and then schedule a counseling session in our meeting diary:
With the approval of the loan you will receive a free Real Smart subscription for 3 months!
The subscription that will promote you in the real estate world
You are welcome to fill out the e-mail form for any questions
We wish you success in getting the loan!