{"id":9019,"date":"2022-11-10T11:42:34","date_gmt":"2022-11-10T11:42:34","guid":{"rendered":"https:\/\/www.americamortgages.com\/?p=9019"},"modified":"2023-09-29T10:06:26","modified_gmt":"2023-09-29T10:06:26","slug":"looking-to-buy-property-in-usa","status":"publish","type":"post","link":"https:\/\/www.americamortgages.com\/looking-to-buy-property-in-usa\/","title":{"rendered":"Looking to buy property in USA?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Investing in the largest real estate market in the world \u2013 the United States \u2013 can be a fantastic way to create future passive income. If you\u2019re a non-US passport holder (foreign national) or a U.S. expat living overseas (Singapore or Hong Kong, for example), you may find it can be very complicated if not impossible when looking for a mortgage loan to buy real estate in the U.S.. Even American expats returning home and buying property in America fail to qualify for a mortgage loan from U.S. banks. Mainly because they don\u2019t have a credit footprint or earned income in the U.S..<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read on to discover how you can easily obtain a U.S. mortgage loan regardless of your passport or place of residence.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/expatliving.sg\/wp-content\/uploads\/2021\/12\/America-Mortgages-happy-family-in-front-of-property-in-the-US.jpg\" alt=\"America Mortgages happy family in front of property in the US\" class=\"wp-image-185429\"\/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">Meet the American mortgage loan experts right here in Singapore!<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Creating a portfolio of real estate or a single property investment is a proven way to build wealth and pass down a legacy to your family. Asset appreciation, high rental yields, no stamp duty, low barrier to entry and a stable market are some of the factors that make the U.S. real estate market a fantastic investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, before you go shopping for that new home with a pool in Florida or a penthouse apartment in Manhattan, the first step is getting a non-committal approval for a mortgage loan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/americamortgages.com\/\">America Mortgages (AM)<\/a>&nbsp;was set up in Singapore earlier this year to unlock the U.S. real estate market for buyers living outside America. The company is a subsidiary of Global Mortgage Group (GMG), the largest international mortgage \u2018originator\u2019 for U.S. real estate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">GMG was co-founded in 2019 by Donald Klip and Robert Chadwick, both ex-institutional bankers. The two Americans met in Singapore in 2018 and became friends. Robert\u2019s professional experience was in U.S. mortgages, and he was a seasoned investor in U.S. real estate. Donald was a hedge fund manager and investment banker in Asia with global real estate investing experience.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/expatliving.sg\/wp-content\/uploads\/2021\/12\/GMG-founders.jpg\" alt=\"Donald Klip and Robert Chadwick\" class=\"wp-image-184925\"\/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">As expats themselves, both Donald and Robert realised that obtaining a mortgage from a \u201ctraditional\u201d bank in a country where you don\u2019t live and\/or hold a passport is frustrating and often impossible. This led to them establishing GMG. GMG now has loan options in the U.S., Canada, Australia, Hong Kong, Singapore, UK and various locations in Europe, to name a few.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How America Mortgages helps you get a mortgage loan in America<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">While GMG specialises in residential, commercial, construction and bridge financing in different countries, America Mortgages\u2019 sole focus is providing market rate mortgages specifically for the U.S. 100% of their clients are either U.S. expats or foreign nationals living overseas. Due to a very focused expertise, AM approves 97% of loans submitted.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Here are the key highlights of a U.S. mortgage loan for foreign nationals and U.S. expats:<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>For a non-U.S. citizen: maximum loan-to-value (LTV) is 75% for purchase and 70% for refinance and equity release<\/li><li>For a U.S. expat: maximum LTV is 80% for purchase and 80% for refinance and equity release<\/li><li>Minimum loan amount of US$150,000 and maximum of US$50,000,000<\/li><li>Fixed term options of 5, 10 and 30 years<\/li><li>All loans amortised over 30 years, regardless of borrower\u2019s age<\/li><li>10-year fixed interest-servicing-only payments available<\/li><li>Mortgage loans available in all 50 states<\/li><li>Self-employed and employed borrowers allowed<\/li><li>No U.S. credit or footprint required<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">So, whether you\u2019re a global investor, buying a holiday home for yourself, an apartment for your child when they attend university or simply growing your investment portfolio to pass down to your children, it\u2019s possible for you to buy property in America!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>* Indicative values; rates are terms are subject to change<\/em><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/expatliving.sg\/wp-content\/uploads\/2021\/12\/Home-property-in-US-America.jpg\" alt=\"Property in the US America - America Mortgages\" class=\"wp-image-185195\"\/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">The biggest myth of buying real estate in the U.S.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Although AM suggests that buyers should get advice from their attorney or tax advisor on investing in any real estate market, the myth of the States being a highly taxed country for buying U.S. real estate couldn\u2019t be further from the truth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For one, regardless of whether you\u2019re an American citizen or a foreign national, there\u2019s no stamp duty when purchasing property in the U.S. There are also no government limitations or restrictions on when or where a foreigner can purchase or sell property in America. Since there aren\u2019t any cooling measures, this means that savvy investors are able to take advantage of properly researched locations and asset types. Yields and appreciation galore!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">America Mortgages has been featured in Yahoo! Finance, The Mortgage Daily, Canadian Business Journal and other notable publications for its open architecture approach as well as providing borrowers with access to both in-house AM and third-party solutions to make informed decisions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The AM team says that it shouldn\u2019t have to be confusing, overwhelming or foreign to obtain a U.S. mortgage to buy property in America; they have loan officers throughout Asia and around the world with the depth of experience and knowledge required for resolving complex issues foreign national and expat borrowers may have that U.S. banks and brokers don\u2019t know how to handle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Far from being on the outside looking in, now what real estate investors get is a front-and-centre window into the U.S. market. You can open and close a transaction all while sitting in your living room in Singapore without ever getting on a plane!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Hear from an America Mortgages client<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe service and personal attention that we received from Donald and Robert was exceptional. They were patient and took the time to answer all of our questions while leading us through the mortgage process. Everything was handled professionally, efficiently and faster than the service we usually receive from our banks. We will definitely recommend&nbsp;<a href=\"https:\/\/americamortgages.com\/\">America Mortgages<\/a>&nbsp;to our friends and colleagues.\u201d \u2013&nbsp;<em>Janey Schueller, Singapore<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Written in collaboration with:<br><\/strong><strong>America Mortgages<br><\/strong><a href=\"https:\/\/americamortgages.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>americamortgages.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investing in the largest real estate market in the world \u2013 the United States \u2013 can be a fantastic way to create future passive income. If you\u2019re a non-US passport holder (foreign national) or a U.S. expat living overseas (Singapore or Hong Kong, for example), you may find it can be very complicated if not [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":9025,"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":[14,650,24,13],"tags":[50,679,575,69,486,197,681,570,680],"am_country":[],"am_audience":[],"am_format":[],"class_list":["post-9019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign-nationals","category-pr-news","category-residential","category-u-s-expats","tag-buy-property-usa","tag-buy-us-property","tag-commercial-real-estate-investors","tag-expat-mortgage-usa","tag-foreign-national-mortgage","tag-overseas-real-estate-investors","tag-passive-income","tag-us-property-investment","tag-usa"],"acf":[],"qubely_featured_image_url":{"full":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68.png",2503,1311,false],"landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-1200x750.png",1200,750,true],"portraits":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-540x320.png",540,320,true],"thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-150x150.png",150,150,true],"medium":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-300x157.png",300,157,true],"medium_large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-768x402.png",580,304,true],"large":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-1024x536.png",580,304,true],"1536x1536":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-1536x805.png",1536,805,true],"2048x2048":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-2048x1073.png",2048,1073,true],"qubely_landscape":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-1200x750.png",1200,750,true],"qubely_portrait":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-540x320.png",540,320,true],"qubely_thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-140x100.png",140,100,true],"post-thumbnail":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-1200x629.png",1200,629,true],"twentytwenty-fullscreen":["https:\/\/www.americamortgages.com\/wp-content\/uploads\/2022\/11\/New-Social-Media-templateV2fvf-68-1980x1037.png",1980,1037,true]},"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\/foreign-nationals\/\" rel=\"category tag\">Foreign Nationals<\/a> <a href=\"https:\/\/www.americamortgages.com\/pr-news\/\" rel=\"category tag\">PR News<\/a> <a href=\"https:\/\/www.americamortgages.com\/residential\/\" rel=\"category tag\">Residential<\/a> <a href=\"https:\/\/www.americamortgages.com\/u-s-expats\/\" rel=\"category tag\">U.S. Expats<\/a>","qubely_excerpt":"Investing in the largest real estate market in the world \u2013 the United States \u2013 can be a fantastic way to create future passive income. If you\u2019re a non-US passport holder (foreign national) or a U.S. expat living overseas (Singapore or Hong Kong, for example), you may find it can be very complicated if not&hellip;","_links":{"self":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/9019","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=9019"}],"version-history":[{"count":10,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/9019\/revisions"}],"predecessor-version":[{"id":13496,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/posts\/9019\/revisions\/13496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media\/9025"}],"wp:attachment":[{"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/media?parent=9019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/categories?post=9019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/tags?post=9019"},{"taxonomy":"am_country","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_country?post=9019"},{"taxonomy":"am_audience","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_audience?post=9019"},{"taxonomy":"am_format","embeddable":true,"href":"https:\/\/www.americamortgages.com\/wp-json\/wp\/v2\/am_format?post=9019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}