International Buyers Looking for a Colorado home….
We have experience with International Buyers who want to buy a Colorado property. We only finance property located in Colorado, but we work with the needs of buyers coming from any location as long as the buyer can communicate in English. We are happy to work with translators, lawyers, or other borrower agents who will be responsible for ensuring proper translation of legal documents. We believe the translator should be working for and responsible to the borrower.
We typically work with several categories of international buyers:
- Military personnel returning to the United States are often in locations with limited communications. We typically communicate with email, postal service, and FedEx. These borrowers often have limited telephone access. Our secure web application service can be very helpful for these buyers. These borrowers typically have no special needs concerning documentation.
- U.S. citizens working outside the U.S. commonly have communication issues similar to military personnel, as well as various documentation issues. We handle these cases individually since there may be a need for foreign credit verifications, foreign banking verifications, and more challenging employment verifications. In cases where the buyer has a U.S. credit history, a reduced documentation loan may be the easiest answer.
- Foreign Nationals buying in the U.S. offer the greatest potential challenges. In addition to the normal income, asset, and credit verifications, we must also verify their immigration status. Immigration status requirements vary. We have loan programs focuses on these needs whether the property will be a primary residence, second home, or investment property. Contact Us with your specific needs.
We have the means to handle these issues and do our best to make the loan process as easy as possible.
