Quick and Easy US Mortgages for Expats and Immigrants

We find personalized mortgages and the best terms for Foreign Nationals

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How Kredium Helps you

Tailored bank offers

We find you the best personalized loan offers for your chosen property

Start-to-finish

We guide you through the entire process from application to mortgage payment

Completely online

We help you take out a loan all from the comfort of your home

Time-saving service

We offer free quotes, save you time and arrange everything for you

Conditions for Mortgage Approval

Residency

Mortgage offers differ based on the status of your residency (permanent or temporary)

Employment

Type of employment contract significantly affects mortgage options

Credit history

Clean credit history in the US or another country

Down payment

That you have available finances for a property down- payment

Income

Up to 30-50% of income reserved for monthly loan instalments

Property value

The value of the underlying property should cover 20-50% of the mortgage

Property marketability

How quickly can the lender sell the property in case you default on your mortgage

Documentation* you might need for pre-approval

Permanent and Temporary Residents WITH a Social Security Number

Residency

ID, Passport
Green Card or Proof of Residency
Work Visa

Employment

Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)

Credit Score

No credit score required
Credit report through ITIN acceptable

Down Payment

Proof of available finances for a property down payment

Temporary Residents and Visiting Foreign Nationals without a Social Security Number

Residency

ID, Passport
Proof of Residency (if available)
10-year history CV
Proof of primary address

Employment

Self-employed

2 years of personal and business tax returns
Financial statements
Letter from a CPA**

Employed under contract

2 years of personal tax returns
Income statements
Employer contact

Credit Score***

Foreign credit report acceptable (in English)
2 credit reference letters or 3 recent credit card statements
2 banking reference letters

Down Payment

Proof of assets in reserve for a property down payment and initial instalments

IMPORTANT:
* All documents must be translated into English by a Certified Court Interpreter before they are sent to a US bank
** Certified Public Accountant (CPA)
*** If possible use a bank that also has branches in the US (reduces approval time and simplifies the process)

Documentation required for FINAL approval

A copy of the sales contract or property purchase agreement
Copies of checks or bank transfers as proof of down payment
Setting up an auto payment or a checking account for mortgage monthly instalments (optional, however some banks may require it from visiting foreign nationals)