Manhattan Condo Living: What kind of mortgage can foreign buyers get to buy NYC condos?(FAQ#7)

Eileen Hsu (許小姐) and Morgan Evans, the new generation of Real Estate Professionals. We specialize in Manhattan Condos, including: Resales, New Construction, Pre-Construction and Foreign Nationals buying Manhattan New York Condos. Contact us at (917)837-8869 or (646)644-6929 Today.

What kind of mortgage can foreign buyers get to buy NYC condos?(FAQ#7)

What kind of mortgage can foreign international buyers get to buy NYC condos?

A good majority of our buyers are foreign international buyers from either Asia or Europe. Many buyers decide to buy so they have a place to stay when they come visit New York city, owning a place is much nicer and comfortable instead of staying at hotels. Buying a condo in NYC also it is a good way for these buyers to diversify their assets and investments, oversea buyers rely on our expertise in finding them the best Manhattan NY condo that will suit their needs.

Foreign international buyers often asks us if they are able to obtain a U.S. mortgage, this will really depend on several items.

- Status/Visa do they have any work visa or residence status in US? Or if they are true foreigner without any US credit history or records.

- Down payment amount, some bank will have some lending program for foreigners that do not have any US history, though the bank will likely to require a higher down payment of 30% up to 60% depending on individual.

- Prior relationship with the bank, many buyers have prior relationship with different banks, if the bank has an office in New York, it may be possible for the buyer to obtain mortgage if there are other investments with this bank.

Please note that we are not mortgage professionals, we are experienced Real Estate agents that specialized in foreign international buyers, we work with a team of mortgage professionals that specialize in foreign international lending.

Many of our foreign buyers opt to seek financing in their home country once they learn about all the lending criteria and requirements set by U.S. banks. Keep in mind that there will be other fees and mortgage closing cost if buyer decides to obtain US financing, seeking financing with buyer's home country process may be easier and less costly.

If you are a foreign international buyer, email us today at or and we can refer you a mortgage specialist or other resources that you may find helpful. We have helped many foreign internationals finding their dream NYC condo, contact us and find out how we can work together.

Call today (917)837-8869 or email us at

Other frequent asked questions on NYC Real Estate:



Eileen Hsu 許雅嵐 (email: EHSU(@)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent


Comment balloon 9 commentsEileen Hsu • June 06 2012 02:30PM


This is excellent advice for foreign buyers in our community as well. Thank you. Suggested.

Posted by Emily Medvec, Realtor | Serving Santa Fe & Northern NM (eXp Realty LLC) about 8 years ago

Sounds like that even though you are not mortgage professionals, you have a pretty good handle on how a foreign buyer can get a loan to buy a NY Condo!  Any foreign person looking to buy a New York Condo needs to get in touch with Eileen Hsu, Manhattan NY Real Estate for all of their NY Real Estate Needs :)!

Posted by Brenda Mullen, Your San Antonio TX Real Estate Agent!! (RE/MAX Access) about 8 years ago


Very informative post regarding mortgages and financing for international buyers.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) about 8 years ago

Eileen, good information, in my market most Foreign buyers need to come up with around 50% or more to get a Loan!

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 8 years ago

Eileen, this is info that many neglect and pay a price at times for not knowing. Good for you to post it. :) May it increase your worth by posting it!

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) about 8 years ago

Being able to obtain a mortgage as a non US resident may take a large down payment commitment, but the interest rates are still very attractive compared to interest rates in many other countries.

Posted by Morgan Evans, LICENSED REAL ESTATE SALESPERSON (Douglas Elliman Real Estate) about 8 years ago

Emily, thank you. Foreign buyers rely on our valueable information to help them determine whether financing or not to buy in NYC.

Brenda! Thank you, we are very experienced working with foreign buyers so we know all the basic requirements for financing.

Lou, thank you for stopping by.

Endre, 50% is also a very common requirement for financing here in NYC, but certain individual can put down less depending on their qualification and relationship with the bank.

Laura! Thank you for your good thoughts! :-)

Morgan, you are right, large down payment is required for sure.

Posted by Eileen Hsu, LICENSED REAL ESTATE SALESPERSON (Douglas Elliman Real Estate) about 8 years ago

Eileen - You are succinct, as always, presenting your information to foreign buyers in New York City.  Good list of items to be aware of, and smart referring them to your mortgage professionals. Great job!

Posted by Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.) about 8 years ago

Eileen, some great information here! I have seen more foreign buyers here in Westchester, so this is good stuff for me!

Posted by Donald Reich (Prudential Centennial) about 8 years ago

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