Loans real estate in the U.S.

Access to credit in the U.S. and zachit lending in America buying a property, the amount of lending in the U.S. and the conditions of the loan, directly depend on several factors, which can be divided into three groups:

A. Factors associated with the buyer - his place of residence (resident or non resident of the United States), his credit history, whether the customer previously took loans in the U.S., or documents that prove its financial viability. Other details related to the buyer, his age, occupation, family and financial situation.

Two. Factors associated with the acquired property - its value, condition, conditions of purchase.

Three. Factors associated with the paperwork for a loan in the United States and the competence of the company, which will issue the loan.

From well-formed documents in a timely and accurate information provided to the success and financial terms. Depending on the type of mortgage program lending in the U.S. and the sheer size of the loan, banks may request additional documents. Specialists in financing to help you at all stages of processing the loan from applying for a loan, prepare the necessary documents and ending with the signing of loan documents without the need to arrive in the United States

Collecting the necessary documents to the bank for the approval of your loan in the United States, be guided by a simple rule - the more documents you provide, the better:

Documents required to obtain credit in America:

1) Copies of passport (international and Russian) and visas
2) A signed form of the bank - the intention to work with this bank (Application Form)
3) Kreditnaya history - availability of credit cards in the last 12 months, if not available, the recommendations of the banks on current accounts:

  availability of bank account - at least 12 months, account number, opening date, the balance    report on the current bank account for flow rates and credit for 12 months

• a report on the current account over the past three months - the balance each month (cash flow)
4) Information on Income:

Proof of work experience at least 2 years (This is the second most important document. Bank must be sure that the borrower be able to regularly make payments on the loan.)

for individual entrepreneurs: a letter from the independent auditor, assure the company, type of activity, from what year, address, income (wages, dividends) over the previous 2 years (separately)• certificate of employment on the amount of income for the previous and current years, a copy of the employment contract and the certificate from the extra work of all payments made over the last year

5) Evidence of ownership in the expensive property:• the type of property (apartment, house, land), address, cost - mortgage loan in the U.S. (if any) - monthly payment on the loan, monthly payments for taxes and insurance, help for rent and utility payments (copies of payments);

6) Any other documents available and executed promissory notes:If you took out loans in the U.S. in the past and they duly repaid, it will be a big plus. Documents confirming the accurate fulfillment of your obligations, you can get at a bank that loaned you. Suppose it was a small loan to a TV or refrigerator, or even a mobile phone, it does not matter.
If you already have credit in America, which you still have to pay, do not hide this fact from a bank that does not mean that you will not give another loan. Simply calculate the maximum amount according to the ratio of your current obligations to your monthly income.

7) Opening a bank account in the U.S. - some banks require from 3 to 6 months reserve account in an American bank.