MortgageDepot makes a speciality of assembly the challenges confronted by debtors who’re international nationals. Our entry to a number of lenders providing quite a lot of financing choices and applications suited to nontraditional debtors, helped a shopper below contract buy a apartment in Aventura, Florida.
The shopper was a international nationwide, non-permanent resident and a first-time homebuyer. He was self-employed in Ukraine and his enterprise had solely been integrated in the US for one yr, however had been producing earnings within the U.S. for 2 years. After beforehand looking for financing for the apartment elsewhere with no success, he contacted one among our gifted mortgage originators, Julia Knurova, for help, who was capable of ship options tailor-made to his state of affairs.
Within the transaction, Julia translated Ukrainian paperwork into English to offer an in depth clarification of the state of affairs to the underwriter. The shopper was rate-sensitive and wanted a mortgage with out a prepayment penalty. By MortgageDepot’s artistic mortgage applications, Julia was capable of efficiently get the shopper an 80% loan-to-value on a warrantable apartment. With an ARM mortgage, the shopper certified for a decrease rate of interest.
Finally, Julia and the MortgageDepot group had been capable of accomplish what different lenders couldn’t. To debate your distinctive lending state of affairs with a talented mortgage mortgage originator, contact MortgageDepot right now.