welcome to American Mortgages
Mortgage Advice for Foreign Nationals Foreign Nationals Foreign Nationals
We specialise in offering mortgage advice to foreign nationals purchasing property in the United States of America, whether this be for main residence, second home or investment.

Mortgage Pre-Approval
We act as mortgage brokers to find you the most suitable and competitive mortgage program.

Buying Guide
Our Buying Guide covers the property buying process, key parties involved, and timelines.

Currency Exchange
Register with a Currency Exchange to book funds up to 18 months in advance.
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Your Trusted Partner in US Property Mortgages Property Mortgages Property Mortgages
We act as mortgage brokers to find you the most suitable and competitive mortgage program.
When considering the purchase of a property in the USA, preparation is the key. The first thing that should be established is the budget available. Deposits required, current and future exchange rates, total cost of finance, legal fees and tax obligations, should all be calculated before viewing any potential properties.
Mortgages can be pre-approved well in advance, and this could save both time and money. This can be done by going to at Am I Eligible or Contact Us. One of our representatives will contact you within 24 hours.
How It Works
The Buying Process

Pre-Approval is Essential
Many realtors will not accept an offer unless funding is proven to be in place or you have been Pre-Approved.
1

Closing Date & Penalties
For the purchase of a re-sale property, the closing date is typically set at 30-45 days after the sales contract is signed. Be mindful that most contracts impose financial penalties for late closing.
2

Lawyer vs. Title Agent
Appointing a lawyer (preferably qualified in US law) may be beneficial, especially for complex transactions. However, many deals are handled without a lawyer, using a Closing Agent or Title Company.
3

Further Details
CFBP – Your Home Loan Kit booklet, available on request, fully explains the roles of a lawyer, Closing Agent, and Title Company.
4
Get your free mortgage pre-approval and start your journey today.
Mortgage Programs & Eligibility Eligibility Eligibility
Mortgages are normally available to a maximum of 70% loan to value and for up to 30 years. There are not normally age restrictions on mortgages on US property (see Fair Housing download). Mortgages are normally based on affordability and suitable proof of income will be required. As a rule, the debt to income ratio should not exceed 36%, although there are exceptions to this. For some loans, limited documentation is required. To see what is currently available, please go to our Mortgage Programs page.
The mortgage secured against the US property, and will be in US Dollars. A qualified representative will go through the options and advise which was most suitable from the Mortgage Programs available. A US Dollar Bank Account will need to be opened, to enable the payment of local, taxes, utility bills etc. Some lenders also require six to twelve months mortgage payments to be held in your account before closing. You may also require to have your deposit and closing costs seasoned. This means that you will need to show where the funds have come from, usually covering the last 60 day period.
Insurance Insurance Insurance
Currency Exchange & Closing Costs & Closing Costs & Closing Costs
Currency Exchange
Exchange rates can greatly affect the cost of an overseas property purchase. Deposits and closing fees would normally be converted from your home currency to US Dollars. Registration with a Currency Exchange company would be prudent, as funds can be booked up to 18 months in advance. This is particularly useful should the purchase be off-plan, as it allows these costs to be “fixed”.
Closing Costs
These are costs associated with the purchase or refinance, such as taxes and insurances. They are first shown on a preliminary Closing Disclosure or Settlement Statement and finalized on a Loan Estimate or HUD1 Settlement Statement at closing. These are typically:
- Approximately 5% of the Purchase Price when purchasing a property.
- Approximately 3% of Loan Amount for a refinance
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Legal and Tax Information Information Information
It is possible to purchase a property in certain States without a lawyer or attorney, by using the services of a title or escrow agent. A lawyer would normally cost around 1% of the purchase price and should be considered, especially if it is a complicated purchase or refinance. They can also advice on the setting up a LLC or Corporation.
Finally, we come to Tax Obligations, which is payable not only on any rental income, but also on capital gains on the sale of a property or changing title. Mortgage interest and other costs can be offset against this income. A tax advisor or CPA, should be consulted for up to date information on legislation on taxes for foreign nationals. For a free Mortgage Pre-Approval, please go to Contact Us page.
Important Notice Notice Notice
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Be sure that you can afford the repayments before entering into any credit agreement. Any quotation supplied is not an offer of mortgage and may be subject to a change without notice. Exchange rate movements may increase the US Dollar equivalent of your liability under a foreign currency mortgage.
why choose us
We Make U.S. Property Buying Easier Property Buying Easier Property Buying Easier for Foreign Nationals

Expert Mortgage Brokers
We find you the most suitable mortgage program, with pre-approval available to save time and money.

Guidance Every Step
Our Buying Guide outlines the steps, with support from legal or title agents as needed.

Financial Clarity & Tax Advice
Manage exchange rates and understand tax obligations with professional support.
Get in Touch Get in Touch Get in Touch
Location
International Mortgages, 9011 Mossy Oak Lane, Clermont, FL 34711
andy@americanmortgages.co.uk
Phone
Office: 001 352 708 4084
WhatsApp: 001 407 668 6736
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