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Real estate blog of Bradenton and Sarasota homes

Cómo obtener una hipoteca si usted no es un ciudadano de los EE.UU.
05/24/2016 11:48 AM

Cómo obtener una hipoteca si usted no es un ciudadano de los EE.UU.

 

Buying a home with Visa or non US residentSi usted no es ciudadano de EE.UU, tratar de conseguir la financiación de una casa puede ser un camino largo y difícil - aunque no es necesariamente imposible. Si usted tiene un número de Seguridad Social o la estabilidad de trabajo permanente, aquí hay algunos conceptos básicos que le ayudarán a conseguir una hipoteca.
Términos importantes que debe saber

A los efectos de obtener una hipoteca, los ciudadanos estadounidenses y extranjeros residentes permanentes son prácticamente los mismos, con una diferencia sutil: El extranjero residente permanente necesita una tarjeta verde para validar su autenticidad en los EE.UU. Es importante señalar que muchos prestamistas no harán préstamos a prestatarios que no tienen números de la Seguridad Social o la estabilidad de trabajo permanente - como se muestra por una permanencia de tres años.

 He aquí un desglose de las principales categorías de ciudadanía:

 Ciudadano: Un miembro legal de los EE.UU., nacido en el país o naturalizado, con un número de Seguro Social válido.

 Extranjero Residente Permanente: Persona que posee una tarjeta de residencia, por lo que un residente legal en los EE.UU., que también posee un número de Seguro Social válido.
 

Extranjero Residente no permanente: Una persona que no posee una tarjeta verde, y tiene un número de Seguro Social válido. Por lo general, un país de acogida como los Estados Unidos ofrecerá empleo a una persona fuera de su país de origen durante su estancia aquí en los Estados Unidos. Esta persona es considerada como extranjero residente no permanente, lo que significa que su residencia no es permanente debido a una situación de empleo temporal en la mayoría de los casos.

Las restricciones  que se deben tomar en cuenta.


Los prestatarios idealmente deben mostrar la continuidad de los ingresos durante al menos tres años y necesitan haber elaborado las  declaraciones de impuestos de Estados Unidos.

Para la financiación de préstamos hipoteca tradicional que están en conformidad con los parámetros de  Fannie Mae y Freddie Mac,  las restricciones son más estrictas para los extranjeros residentes permanentes y los residentes no permanentes.

Extranjeros residentes permanentes deben tener por lo menos una de las siguientes:

 Tarjeta de residencia permanente I-551 con un plazo original de 10 años, no importa si el término está a punto de expirar.
Tarjeta de residencia permanente l-551, válida por dos años con los recibos y los documentos de soportes procedentes de la Aduana de  EE.UU y los Servicios de Inmigración (USCIS).

 Recibo de USCIS de una petición para remover condición de la residencia I-751, presentada por el cónyuge que es ciudadano.

Extranjeros residentes no permanentes deben tener una visa de trabajo válido u otra documentación de apoyo de la residencia legal. Dicha documentación incluye cualquiera de las siguientes designaciones de visados: E1, E2, H1B, H2 A, H2B, H3, L1, la serie G y 0-1. Debe tener un número de Seguro Social válido. Los extranjeros que tienen inmunidad diplomática y aquellos  sin una tarjeta de Seguridad Social no tendrán muchas posibilidades de  encontrar financiación.

Para la financiación, asegurada por la Administración Federal de Vivienda (FHA), las directrices son un poco más indulgentes. Usted no necesita ser un ciudadano de EE.UU para obtener un préstamo del gobierno. Usted necesitará una tarjeta válida de la Seguridad Social, comprobante de pago del empleador, el formulario W-2 o cualquier otra tarjeta emitida por el gobierno que incluye el SSN completo. Mientras que vaya a ocupar la propiedad como su residencia principal, incluso si usted es un extranjero residente no permanente, aún es elegible para su financiación.

Si usted está tratando de obtener una hipoteca, y es un extranjero residente permanente, el préstamo de la FHA es más flexible si su residencia temporal en los EE.UU no está a punto de expirar en los próximos 12 meses. Si la tarjeta va a caducar en los próximos 12 meses, la documentación de apoyo deberá ser proporcionada  para mostrar que esta extensión va a ser aprobada.

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Mortgage update
06/20/2013 02:45 PM

Now that the market is back in full swing, we are encountering problems with loans that can be easily avoided.  Here is what I have been seeing:

 

Power of Attorney:  Only a spouse that is a borrower or co borrower can sign for the other spouse and the POA must be approved by the lender PRIOR to scheduling a closing.  An attorney, the title company closer, a parent, or other relative cannot be the POA for a borrower. 

 

Water:  The water and electric must be on at time of appraisal or else the appraiser will put it on his appraisal and charge to go back out.  If your home is vacant and the water is off, you must go out and turn it on for the appraiser.  They will not turn it on.

 

Funds for Closing:  These funds must come from a bank account that has been verified by the lender.

 

Repairs:  Generally they must be completed prior to closing and be re inspected.

 

Home Inspections:  Do not give them to the appraiser.  If there any issues on it, they will condition for them to be fixed. 

 

Appraisals:  Make your deal go smoother.  Meet the appraiser at the property and have comps in hand. 

 

Closing Costs:  On purchases, they cannot be rolled into the mortgage.  In some cases the borrower may select a higher interest rate and receive a credit back from the lender that may pay some or all of their closing costs.

 

Fixer ups:  Lenders do not do those.  The house must be habitable.  I.e., you should be able to cook dinner, take a shower, and sleep in the house.  FHA, VA, USDA require appliances to be in the house and working!

 

Appraisal Final Inspections:  This is for new construction.  Once the appraiser inspects the property to see if it is complete, they have 24 hours to turn it in. Then the underwriter can take up to 3 days to review it, so please allow for up to 5 days from final inspection to closing.  We cannot hold up a loan if the appraiser states the property is complete.  A borrower’s punch list cannot hold up the closing.

 

Homeowners Insurance:  Due to the increasing cost of insurance, lenders now require a quote before they underwrite the file. 

 

HUD’S and Final Figures:  These come from the title company after the lender reviews  and approves them.   They are generally not available till the day before the closing.  We give borrowers a realistic Good Faith Estimate of their costs and how much they need at time of application.

 

HUD Homes:  If the borrower is going FHA, they usually do not need a new appraisal. HUD has already done one. You will need to obtain the appraisal from the listing agent.

 

Credit Reports:  One is run at time of application.  Lenders have subscribed to a service where they are notified if the borrower’s credit changes during the loan process or they obtain new credit.  So we tell the borrower not to buy anything on credit until after they close.  Not even a spoon!  And lenders cannot give out copies of credit reports.  It is against the law.  Credit reports are copyright protected by the 3 major bureaus. (sorry I don’t make the laws)

 

Gift Funds:  The big problem here is that we have to verify where the money came from, and that the donor had it to give.  So this means Mom and Dad HAVE to supply us with their bank statement showing they had the money to gift.  And gift funds must come from a relative or a person who co habitats with the borrower (s).  I.e., people in a relationship.

 

Praying:  It helps J

 

Roommate Paying Rent:  Generally we cannot count this as income to help qualify the borrower.

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How To Boost Your Credit Score FAST
01/25/2013 08:58 AM

How To Boost Your Credit Score FAST


I think we all know that the higher your credit score, the better chance we have at getting a loan, and on better terms. For example, if your credit score is around 660, you might qualify for a car loan, but at what percentage rate? Maybe 7, 8, or 10 percent. But what if you had a credit score of 760? You might qualify for very low 3, 4 percent--or maybe even ZERO percent financing--saving you thousands of dollars over the course of the loan. So you can see how having a good credit score can be invaluable and a real asset to you financially. It opens doors that would otherwise be closed.

This holds especially true for buying a home. Because of the large dollar amount that you will be borrowing to purchase a home, banks are very critical of your credit history and how you present yourself as a borrower. Did you make pay
ments on time? Did you max out your credit cards? Did you satisfy car loans or let them go back to the bank?  Follow these tips to get your score SOARING in no time!

3 Ways to Remove negative credit

1.  Obtain your credit report and score.  This is the first step in identifying any problems.  Your credit score is like a test grade.  The higher, the better.  It's important to know what your score is so you know where you stand.  Generally speaking, a score of 600 or less is bad, 601-660 is fair, 661-740 is good, and 740+ is excellent.  You can obtain a free report from several different sources online.

2.  Verify bad debt.  To do this, find a "fill-in-the-blank" form online for disputing old accounts.  Get the name and addresses of the Debt Collection companies, and mail out dispute letters via certified mail.  This forces them to provide evidence and ownership of the debt.

3.  Dispute the Debt with the Credit Agencies.  This is critical.  The credit agencies--Experian, Trans Union, and Equifax, all have built-in dispute resolution departments designed specfically to help consumers maintain accurate credit reports.  Tell them either on-line or over the phone about the debts and that you're disputing the debt.  They will follow up on your behalf and in many cases get it removed from your record.

6 Ways to IMPROVE the credit you DO have

1.  Make your payments ON TIME.  This is the most obvious advice, and the advice your father gave you when you were a kid, but it still holds true.  Especially car payments and credit cards.  Put your other utility payments or cell phone bills down the list if you have to choose which to pay first.

2.  Keep the balances LOW.  One of the biggest ways to improve your score is to keep the total balances on ALL accounts below 30% of the max.  This shows that you can manage your debt responsibly.

3.  DON'T close old accounts.  It might seem like a good idea, but one of the factors is LENGTH of debt.  A long track record of on-time payments looks good.  So try to keep accounts active, open, and in good standing.

4.  Obtain a SECURED Loan.  Can't get a loan on your own because of bad credit?  Go to your bank and ask for a secured credit card or a personal loan.  This is done by placing a fixed dollar amount, say, $500, into a bank account.  You then draw against that $500 (credit card) or get the $500 back instantly (secured loan).  You make monthly payments and pay off the debt.  In the case of the loan, you get the $500 back at the end of the payoff, and the same is true of the credit card if you close your account.

5.  Make sure you have ENOUGH credit.  Sometimes not having enough credit can hurt you.  If you've sworn off credit cards because you think they're bad, you're half right.  But the truth is, you will have a hard time getting a good credit score without enough good credit history.  A rule of thumb is you should have about 5 lines of good credit, with a mix of credit cards (lines of credit) and installment loans (auto loans/personal loans, etc.).

6.  Don't apply for credit too FAST.  While it's important to have good credit, try not to open up new credit accounts too fast one after the other or it will appear that you're trying to charge like there's no tomorrow.  This has the same effect of maxing out your credit--very damaging to your score.  Wait at least 6 months between applying for credit.

 

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