As a smart investor you will want to buy a home as soon as you come across the right one. But it’s not always that simple. There are many financial issues that will determine whether you’ll be able to purchase the house, as well as the terms of your mortgage.<\/p>\n\n\n\n
Understanding the requirements to buy a house can make the home buying process easier to navigate.<\/p>\n\n\n\n
A good real estate agent can also be helpful when finding the right home to buy. Eighty-seven percent of people who bought a home in 2021 did so with the help of a trusted real estate agent.<\/p>\n\n\n\n
With the Luvanex Foreign Investors Program, investors who are not citizens of the United State of America can access loans to purchase properties for investment purposes.<\/strong><\/p>\n\n\n\n For most people, buying a house means getting a mortgage. We have carefully analyzed the market needs regarding getting a property as an investor.<\/p>\n\n\n\n Typically, there are six boxes to check off to qualify as an investor and our lending criteria are listed below;<\/p>\n\n\n\n Read Also: HOW TO BUY INTERNATIONAL PROPERTIES<\/a><\/p>\n\n\n\n Most lenders have tightened the requirements since the economic crisis in 2008. As a result, prospective buyers seeking to purchase a home must have some \u2018skin in the game\u2019 to qualify for a home.<\/p>\n\n\n\n The first requirement to qualify for our lending is making a down payment. This is the money you pay upfront to offset the amount you need to buy a house. Now easier than ever our investors can now put down 30% of a property’s value instead of the previously required full payment to purchase a home in the US.<\/p>\n\n\n\n Investors now only get to put down 30% equity injection as a down-payment (rates are determined and locked through independent loan officers) while they obtain a conventional loan to purchase the property.The amount you need for a down payment can depend on the type of home you are hoping to buy.<\/p>\n\n\n\n We advise you to have all your documents in a row, this will help the process<\/a> go much smoother. Insufficient documentation can delay or even stop the process altogether. Here is what is needed to get started.<\/p>\n\n\n\n An international passport bio-data page<\/a> and proof of funds in an account in the US, or an internationally recognized bank in your home country is all that is needed to be part of this program.<\/p>\n\n\n\n This essentially means that documentation to acquire your investment property is as simple as ABC literally! The Luvanex group through its Foreign Investors Program<\/a> helps you get rid of bottlenecks.<\/p>\n\n\n\n During the property selection process, Luvanex Realty becomes your eyes and ears through our trusted agents on the market.<\/p>\n\n\n\n We work with the mindset to help you make a top dollar from your investment property. We have consultations with you and facilitate virtual home tours to carry you along this life-changing process.<\/p>\n\n\n\n On a weekly basis, you also receive emails showing you recently listed homes on the market and you also can make your choices of homes we should view and review on your behalf.<\/p>\n\n\n\n Once you make a selection then an offer is made to the seller.<\/p>\n\n\n\n\n
Requirement #1: Down payment<\/strong><\/h2>\n\n\n\n
Requirement #2: Documentation<\/strong><\/h2>\n\n\n\n
Requirement #3: Property Selection<\/strong><\/h2>\n\n\n\n