FAQs

Absolutely. Whether you’re planning to move into your new home or use it as a second property, HomeAbroad can help you make it happen. We offer tailored mortgage solutions, even for those without a US credit history or residency, making it easier to finance your dream home in the US.

No, you don’t need to be a US citizen or resident to buy a home with HomeAbroad. We specialize in helping non-resident buyers secure mortgage solutions without requiring permanent residency or a US credit history.

Owning property in the US does not automatically grant you residency or a visa. However, a “Gold Card” is being considered as a potential pathway to US residency for high-net-worth individuals through substantial investment.

While the details of the Gold Card are still being finalized, it reflects the growing interest in investment-based immigration options. At HomeAbroad, we guide you on the latest possible ways to pursue residency through real estate investment.

HomeAbroad’s programs allow you to purchase various property types, including single-family homes, condos, townhomes and multifamily properties. Whether you’re looking for a primary residence, a second home, or an investment property, we offer financing options tailored to your goals.

The mortgage closing timeline depends on factors like property type, mortgage type, and how quickly documents are submitted. At HomeAbroad, we aim to close within 30 days through a streamlined process that ensures a smooth and timely closing.

Yes. We have a team of experienced real estate agents who are CIPS (Certified International Property Specialist) professionals. They specialize in assisting international and non-resident buyers, making your homebuying journey smooth and informed.

No, you don’t have to be physically present in the US. HomeAbroad supports remote homebuying with virtual property tours, online document submission, and remote closings, making the process seamless from wherever you are.

Yes. HomeAbroad has a dedicated team of experts who guide first-time homebuyers from property search to closing. Whether it’s exploring mortgage options or understanding local market trends, our team ensures a smooth, well-informed homebuying experience.

HomeAbroad finances various investment properties, including single-family homes, multi-family properties, vacation rentals, and commercial properties. Our tailored mortgage solutions make it easier for you to diversify and grow your property portfolio in the US.

Yes, HomeAbroad allows you to purchase multiple properties simultaneously and build a property portfolio. Our flexible mortgage options support investors looking to expand their real estate holdings in the US.

Yes, short-term rentals like Airbnb may have restrictions depending on the property’s location and local laws. These can include zoning rules, permit requirements, or HOA guidelines. HomeAbroad helps you understand and comply with these regulations to ensure a smooth investment experience.

HomeAbroad offers refinancing options if you choose to refinance your investment property. If you’re planning to sell, our team will assist you with property valuation, listing, and the entire selling process, ensuring a smooth and profitable transition.

HomeAbroad offers a range of mortgage products, including DSCR loans, Full Documentation loans, Fix and Flip loans, and Bridge loans. To choose the right option, consider your property type, investment goals, and financing needs. Our team will help you understand your options and guide you to the best solution for your needs.

A DSCR (Debt Service Coverage Ratio) loan is a mortgage option tailored for real estate investors. It focuses on the property’s rental income to cover its debt obligations. It benefits investors by assessing the income potential of the property rather than relying on the borrower’s personal income or credit score, making it easier to qualify, especially for those without extensive documentation or a US credit history.

For more details refer to our comprehensive guide on DSCR Loans.

HomeAbroad’s Foreign National Mortgage program is designed specifically for non-resident buyers looking to purchase property in the US. Key features include:

• No US credit history required 
• Acceptance of international credit reports and foreign income/assets
• Financing options for various property types, including single-family, multi-family, vacation rentals, and more
• Loan products such as DSCR loans, Full Documentation loans, Fix and Flip loans, and Bridge loans
• Remote closing option
• Expert assistance from a team experienced in working with global investors

HomeAbroad simplifies the process and provides flexible financing tailored to meet the unique needs of global buyers.

The typical down payment starts from 20%, depending on the mortgage program and the borrower’s profile. US credit history is not required, as HomeAbroad accepts alternative documentation, such as an International Credit Report (ICR) from your home country, to assess your creditworthiness and financial history.

Interest rates and closing costs may be slightly higher for non-resident or foreign buyers compared to local buyers. This is due to increased risk and a lack of US credit history. However, HomeAbroad offers competitive rates and works closely with global buyers to ensure the process remains affordable and transparent.

Yes, you can refinance your HomeAbroad mortgage later if interest rates drop or your equity increases. Refinancing allows you to take advantage of better interest rates or improved financial conditions. Our team will assist you in exploring refinancing options when the time is right, ensuring you get the best terms to suit your current situation.

The mortgage approval process for foreign nationals typically takes between 30 to 45 days, depending on the complexity of the application and the documentation provided. Factors like the type of property, loan program, and the completeness of your documentation can influence the timeline.

To apply for a mortgage as a foreign national, you’ll typically need the following documents:

• A valid government-issued ID, such as a passport
• International Credit Report (ICR) from your home country
• Proof of income – bank statements, or tax returns
• Proof of assets – bank statements showing available funds for the down payment and closing costs
• Employment verification – letter from your employer or self-employment proof

Requirements may vary based on the mortgage program, but these are generally needed to begin the process.

HomeAbroad pairs you with experienced real estate agents and loan officers based on your investment goals, preferred property type, location, and even your preferred language. However, you always have the flexibility to choose your professionals if you already have someone in mind. Our goal is to make sure you’re supported by experts who can guide you confidently through the entire process.

Our team will keep you informed throughout the process, offering regular updates on your mortgage application status, any required documents, and assisting with your property search. You can always contact us for the latest information and guidance, ensuring you’re on track every step of the way.

No, you do not need to be physically present in the US to sign the closing documents. HomeAbroad offers remote closing options, allowing you to sign the necessary paperwork virtually. This process ensures you can complete the transaction without traveling, making it convenient for foreign nationals and global investors.

HomeAbroad provides ongoing support even after closing. Our team is always available to assist with any questions or concerns that may arise during your property ownership. Whether you need guidance on property management, refinancing options, or general advice related to your investment, we are here to ensure you have the resources you need for a smooth experience.

FIRPTA (Foreign Investment in Real Property Tax Act) requires foreign sellers of US real estate to pay taxes on property sales. Under FIRPTA, the buyer is generally required to withhold a percentage of the sale price (typically 15%) as a prepayment of the seller’s tax liability.

This ensures foreign investors meet their tax obligations in the US. Sellers may be eligible for a refund if the withheld amount exceeds the tax due. For more details, refer to our comprehensive guide on FIRPTA rules for foreign investors.

Purchasing property through an LLC (Limited Liability Company) can offer several advantages, including liability protection, Privacy, and potential tax benefits. It helps shield your personal assets from legal or financial issues related to the property. At HomeAbroad, we help you with LLC formation, making the process easier as you invest in US real estate.

Tax treaties between the US and other countries help prevent double taxation for foreign property owners by allowing taxes to be paid in either the US or the home country, not both. The specific benefits depend on the treaty between the two countries.

As a foreign owner earning rental income from US property, you are generally required to pay US income tax on the rental income. The tax rate may vary based on your residency status and any tax treaties between the US and your home country.

You may also be eligible to deduct certain expenses related to the property, such as mortgage interest, insurance, repairs, and property taxes. For more details, refer to our Tax Guide.