International Buyers - Sizing Up the California Market.

Due to my efforts in optimizing my website www.LAexclusiveProperty.com I am speaking with more and more International Buyers that are beginning to consider real estate investments in California. The reasons for this traction are the weakened dollar and market dynamics in this state. Home prices have peaked, Supply is the best in more than 10 years, and Interest rates are at historic lows.

Here is what International Buyers need to know to get a loan in the U.S.

Loan Requirements:

30% downpayment (30% of your offer price).
Maximum loan is $1.5m.
No social security #  is required.
Must open a U.S. bank account with the 30%.
Must have a Valid passport.
Stated income used.
F.I.C.O. score should be in the high 700's.