Best US Loans for EU Homebuyers

Whether you plan to live, vacation or invest in the US, we help you get there quicker and easier

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Reasons for investing in US real estate

Issues

• Zero-yield or negative interest rates in European real estate
• No long-term capital preservation options locally

Answers

• US withholding tax exemption for foreign institutional investors
• Foreign stock funds and REITs* get tax-friendly investment options

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Considerations for new homeowners in the US

One time costs

US property taxes have only one time costs

Recurring costs

Property utilities, security, maintenance and community costs

Optional costs

30% withholding tax on rental profits for non-residents

Conditions for mortgage approval

Residency

Mortgage offers differ based on the status of your residency

Employment

Type of employment contract significantly affects mortgage requirements

Credit history

Clean credit history in the US or EU

Down payment

Minimum 30% of property value for down payment

Income

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

Mortgage collateral

Significantly better conditions with a US based property as collateral

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Documentation you might need for approval

Non-residents living outside the US
EU documents flag EU documents
Tax documents Income Tax and Benefit Return and Notice of Assessment
Investment income Last two years of investment slips
Salaried Employees Last two years of income slips. Payslips for the past 30 days of income
Self-employed individuals Last two years of business returns for any entity where ownership is 25% or more, with all pages and schedules
Retired individuals Individual Retirement Accounts
Proof of citizenship Copy of passport, Green Card or a US visa
Proof of identity International Tax Identification Number (ITIN)
Proof of assets Account statements for most recent two months per each account you hold*
Insurance documents Current property owners need to provide copies of property tax notice and home insurance premiums for each residential property owned
Permanent or temporary residents living and working in the US
US documents flag US documents
Tax documents 1040 U.S. Individual Income Tax Return
Investment income 1040 Schedule B Interest and Ordinary Dividends, and/or Schedule D Capital Gains and Losses
Salaried Employees W2 Wage and Tax Statement of Income
Self-employed individuals 1040 Schedule C Net Profit or Loss from Business, and/or 1065 K-1 Partner’s Share of Income, Deductions, Credits, etc.
Retired individuals 401k plan if available
Proof of citizenship Copy of passport, Green Card or a US visa
Proof of identity Social Security Number
Proof of assets Account statements for most recent two months per each account you hold*
Insurance documents Current property owners need to provide copies of property tax notice and home insurance premiums for each residential property owned

Mortgage process duration

Typical process phase Estimated duration
Registration and loan inquiry at Kredium 5-10 minutes
Mortgage pre-approval through Kredium up to 24 hours
Personalized offers from Kredium up to 24 hours
Mortgage application with a lender 1-5 days
Mortgage processing by a lender 30-45 days*
Mortgage closing with a lender 1 day

Contact us

Single Business Tower, 26th Floor
153 Sheikh Zayed Rd Business Bay (Dubai)

2020 Silver Creek Rd, Bullhead City,
AZ 86442 (USA)