{"id":16006,"date":"2024-06-16T02:30:00","date_gmt":"2024-06-16T02:30:00","guid":{"rendered":"https:\/\/www.americamortgages.com\/?p=16006"},"modified":"2024-07-16T11:58:52","modified_gmt":"2024-07-16T11:58:52","slug":"u-s-expat-in-tokyo-qualifies-for-hawaii-dream-home-without-u-s-credit","status":"publish","type":"post","link":"https:\/\/www.americamortgages.com\/u-s-expat-in-tokyo-qualifies-for-hawaii-dream-home-without-u-s-credit\/","title":{"rendered":"U.S. Expat Living in Tokyo Secures Financing for Hawaii Dream Home"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">The Client<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Our client was a U.S. expat living in Tokyo for over 20 years. He had been abroad for so long that he no longer maintained U.S. credit. He was considering retiring in a few years and wanted to buy his dream home in Hawaii, which he would rent before retirement. He went to the U.S. bank with which he had a bank account for more than 20 years only to find out that, as he no longer maintained U.S. credit, they were unable to approve him for a mortgage loan.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How We Helped<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Our America Mortgages loan officer based in Bangkok working in the client\u2019s time zone was able to structure a loan using his Japanese credit which was well established. He was treated as a \u201cforeign national\u201d to qualify for the loan. The smart structure to this, he would only need to have a foreign national loan for a couple years until he was able to build sufficient U.S. credit history. Once he established U.S. credit again, he could refinance the loan into a U.S. citizen \/ expat mortgage.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monthly servicing was structured with a 10 year fixed interest only (regardless of borrower\u2019s age) which converts to a 30 year fixed without an adjustment in rate. This loan gave the client the flexibility to refinance if rates went down or keep the fixed payments for the next 40 years.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Loan Details<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Nationality<\/td><td>Property Value<\/td><td>Loan Amount<\/td><td>LTV<\/td><td>Rate<\/td><\/tr><tr><td>U.S. Citizen [Expat]<\/td><td>$1,600,000<\/td><td>$1,120,000<\/td><td>70%<\/td><td>8.25%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Term<\/td><td>Address<\/td><td>Property Type<\/td><td>Purpose<\/td><td>Loan Type<\/td><\/tr><tr><td>30 Year Fixed Interest Only<\/td><td>Honolulu, HI<\/td><td>Single Family Home<\/td><td>Purchase<\/td><td>Residential<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Client Our client was a U.S. expat living in Tokyo for over 20 years. He had been abroad for so long that he no longer maintained U.S. credit. He was considering retiring in a few years and wanted to buy his dream home in Hawaii, which he would rent before retirement. He went to [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":16092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"templates\/template-single-post.php","format":"standard","meta":{"_acf_changed":false,"qubely_global_settings":"","qubely_interactions":"","inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[27,23,13],"tags":[687,686,310],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-16006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-purchase","category-u-s-expats","tag-case-studies","tag-purchase","tag-u-s-expat"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79.jpg",1200,628,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79.jpg",1200,628,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79-540x320.jpg",540,320,true],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79-300x157.jpg",300,157,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79-768x402.jpg",580,304,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79-1024x536.jpg",580,304,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79.jpg",1200,628,false],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79.jpg",1200,628,false],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79.jpg",1200,628,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79-540x320.jpg",540,320,true],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79-140x100.jpg",140,100,true],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79.jpg",1200,628,false],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2024\/06\/Pictures-1500-x-2100-px-79.jpg",1200,628,false]},"qubely_author":{"display_name":"America Mortgages","author_link":"https:\/\/www.americamortgages.com\/author\/america-mortgages\/"},"qubely_comment":0,"qubely_category":"<a href=\"https:\/\/www.americamortgages.com\/case-studies\/\" rel=\"category tag\">Case Studies<\/a> <a href=\"https:\/\/www.americamortgages.com\/purchase\/\" rel=\"category tag\">Purchase<\/a> <a href=\"https:\/\/www.americamortgages.com\/u-s-expats\/\" rel=\"category tag\">U.S. Expats<\/a>","qubely_excerpt":"The Client Our client was a U.S. expat living in Tokyo for over 20 years. He had been abroad for so long that he no longer maintained U.S. credit. He was considering retiring in a few years and wanted to buy his dream home in Hawaii, which he would rent before retirement. He went to&hellip;","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/16006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=16006"}],"version-history":[{"count":10,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/16006\/revisions"}],"predecessor-version":[{"id":16405,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/16006\/revisions\/16405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/16092"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=16006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=16006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=16006"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=16006"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=16006"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=16006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}