International Investors :

Get ready with Documents needed :

1. A copy of the I.D. page of your passport.

2. A copy of your I-94 card if you are in the United States.

3. A copy of your visa if you are in the US pursuant to a visa.

4. A letter of reference from your bank, in English, Dated, with bank name, on the bank letter-head, bank address, signed with a full name and officer's title, stating at least the last 2 years of banking relationship, and the bank's relationship with you has been satisfactory, the number of your accounts and the current balance in the accounts expressed in US dollars.

* Some lenders requires a 2nd reference letter, as a Credit reference letter from country of origin, in English, dated, with bank/company name, address, phone number, and full name and title of officer.

5. Please note that all lenders requires 60 DAYS of SEASONING with loans-to-values greater then 75%. {There is one lender which will not require the above seasoning, but will require last 3 months bank statements}.

6. Last 2 months bank statements.

7. If you plan to take title in the name of a corporation, you will need evidence of the good standing of the corporation, and an evidence that you are the owner of this corporation.{If you are a partial owner, the lender will require an evidence of the rest of the company owners and their holdings percrcetage}.

8. You need to have a bank account in the US, so take the time to obtain an account on your next visit, so it is up and running for you. I would recommend to have an account with "Washington Mutual" bank, or "bank of America". Naturally, there are other US banks working with foreign nationals - but those are for you to research further on.

9. Evidence of sufficient funds to close : The foreign buyers must show they have enough funds to cover the down payment, the closing costs, and six (6) months of mortgage payments (PITI) - Principal, Interest, Tax, Insurance. - [these 6 months of PITI are for show only...in your account. Lenders usually want you to show your financial strength].

10. Copy of Utility / Phone / cable bill, (any 1 of 3).

The Best Investment in Florida is Real Estate !

U.S. Credit Opportunities : It is very important to establish credit in the U.S. Buying properties with a mortgage will help you to accomplish this.

We specializes in residential mortgages for foreign nationals. Our loans are easy to get and the terms/rates are very attractive. You do not need Social Security Number or US credit to finance a purchase of a property.

Down Payment (Deposit) starting at 20%, while 30% down payment will save you some paper-work, and will have a better interest rate.

Some facts & numbers issued by the Association of British Travel Agents and Florida Trend Magazine :

In 2004-2005 one in 12 British citizens traveled to the U.S.

Foreign Buyers bought 15 out of every 100 homes sold in Florida in 2004-2005.

British Buyers bought 5 out of every 100 homes sold in Florida in 2004-2005.

33% of all homes bought in Florida by foreign buyers were bought by British Nationals.

59% of all homes bought by Europeans in 2004-2005 were bought in Orlando, Tampa-St.petersburg and Naples-Ft.myers.

Eli Magen

Licensed Mortgage Broker Company in Orlando, Florida.