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Can I get a mortgage loan with overseas incom

by danny1stchoice405 from Quincy, Massachusetts. Mar 14th 2017 Reply


William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Possibly.. if you live here and you receive income from a foreign source, then so long as that income is claimed on a US Federal tax return and the documents can be converted to English, then it can be used.. If you are not paying taxes on it, then for conforming loan qualifying purposes, it cannot be used.. There might be some portfolio lenders in your area that will look at bank deposits as a source of income rather than your tax and pay stub documentation.. Try contacting a local mortgage professional in your area and see if they have any of these bank statement portfolio programs. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Mar 14th 2017
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George DeVine (gdevine)
#7 ranked lender in Rhode Island - 44 contributions

Yes, it's treated no differently than domestic income assuming it's reported on a US tax return. If not, there are mortgage products that will allow for non-taxable foreign income, however the terms are not as favorable.

Mar 14th 2017
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Once everything is translated to English then the lender can assess the translated documents. Once the documents have been certified the lenders do not need the original non-English documents.Some countries don't have annual leave. This will vary slightly on how your proof of income is assessed. If a basic tax system is in place, it will not impact the assessment too much. In most cases, payslips from first world countries will be acceptable to the banks.Some countries have tax returns that are infrequent or cannot be readily understood by Australian banks to be accepted as proof of your income. Some of our lenders will accept an accountant's letter for self-employed applicants.

Mar 14th 2017
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Pamela Riesenberg (priesenberg@financeofamerica.com)
#22 ranked lender in New Hampshire - 11 contributions

Hi Danny,You can. We can even retrieve the income verification for you. Contact me if you would like.www.mortgagesbypamela.com Thank you,Pamela

Mar 14th 2017
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

The simple answer is yes you can.

Mar 14th 2017
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,571 contributions

The quick answer is yes... The long answer is it depends, it depends, it depends.

Mar 15th 2017
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