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Monday, October 26, 2009

Is it possible to get a home loan from an overseas bank for a property in the US?

For instance, if a bank in Japan has 30 year fixed rates at 2.5% could we apply for that loan on a property here in the US?



Is it possible to get a home loan from an overseas bank for a property in the US?

No, that bank can not enforce their banking laws and contracts here. You need a US loan. The bank in Japan will tell you this also. They may make an exception if you have collateral that exists in Japan to hold against the note.

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