Our client had read about the tight housing supply in major college towns. He did some research and found Philadelphia as the best value.<\/p>\n\n\n\n
Our client wanted to purchase a duplex very close to a university where he could rent to students. He had no U.S. credit, and to add to the complexity, he was self-employed and didn\u2019t show his true ability to service the debt. We were able to get him 75% financing using his U.K. credit, and the debt servicing was structured solely around the projected rental income of the property he was buying.<\/p>\n\n\n\n
| Nationality<\/td> | Property Value<\/td> | Loan Amount<\/td> | LTV<\/td> | Rate<\/td><\/tr> | |||||
| U.K Citizen<\/td> | $260,000<\/td> | $195,000<\/td> | 70%<\/td> | 6.125% Interest servicing only payments<\/td><\/tr> | |||||
| Term<\/td> | Address<\/td> | Property Type<\/td> | Purpose<\/td> | Loan Type<\/td><\/tr> |
| 5\/1 ARM<\/td> | Philadelphia, Pennsylvania<\/td> | Duplex Residence<\/td> | Purchase<\/td> | Residential<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":" Our client had read about the tight housing supply in major college towns.<\/p>\n","protected":false},"author":4,"featured_media":2584,"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":[27,14,23,15],"tags":[459,458,461,252,354,254,217,460],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-2583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies","category-foreign-nationals","category-purchase","category-refinance","tag-boost-passive-income","tag-investment-condo-in-philadelphia","tag-philadelphia","tag-rental-income","tag-rental-yield","tag-self-employed-borrowers","tag-self-employed-entrepreneurs","tag-uk-citizen"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-scaled.jpg",2560,1707,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-scaled.jpg",1125,750,false],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-scaled.jpg",480,320,false],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-150x150.jpg",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-300x200.jpg",300,200,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-768x512.jpg",580,387,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-1024x683.jpg",580,387,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-2048x1366.jpg",2048,1366,true],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-scaled.jpg",1125,750,false],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-scaled.jpg",480,320,false],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-scaled.jpg",140,93,false],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-1200x800.jpg",1200,800,true],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2021\/02\/c14-1980x1320.jpg",1980,1320,true]},"qubely_author":{"display_name":"Premela R.","author_link":"https:\/\/www.americamortgages.com\/author\/premela-r\/"},"qubely_comment":0,"qubely_category":"Case Studies<\/a> Foreign Nationals<\/a> Purchase<\/a> Refinance<\/a>","qubely_excerpt":"Our client had read about the tight housing supply in major college towns.","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/2583","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\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/comments?post=2583"}],"version-history":[{"count":18,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/2583\/revisions"}],"predecessor-version":[{"id":16461,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/2583\/revisions\/16461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/2584"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=2583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=2583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=2583"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=2583"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=2583"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=2583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |