Question 1

Can I use an ITIN instead of a Social Security Number?

Accepted Answer

Most foreign national loan programs do not require an SSN or ITIN. However, if you do have an ITIN, or a Social Security Number, you will be required to use it.

Question 2

Do I need to create a U.S. company (LLC or Corporation) to buy property?

Accepted Answer

Many lenders require foreign investors to purchase property through a U.S. entity. Even when not strictly required, it is considered a best practice for tax planning, privacy, and liability protection. We can connect you with trusted professionals to help you decide whether an LLC or corporation is the right fit and assist you with the setup process.

Question 3

Do I need to open a U.S. bank account?

Accepted Answer

Yes. Lenders typically require a U.S. bank account for your monthly mortgage payments. Some lenders allow closing funds to be wired directly from your foreign bank account to the title company (usually three days before closing), while others require all closing costs to come from a U.S. account. Most lenders will accept bank statements from a foreign bank as proof of funds, provided they are translated into English.

Question 4

Will I qualify if I’ve never purchased property in the U.S. before?

Accepted Answer

Yes. Many of our clients are first-time investors in the U.S. Our programs are designed with international buyers in mind.

Question 5

What kind of documents will I need to provide?

Accepted Answer

Requirements vary by lender, but usually include:
 • Copy of your (unexpired) passport from your country of Citizenship 
 • Proof of funds (bank statements)
 • Purchase contract (if already in escrow)
 • Foreign credit reference letter (based on the lender)
 • Business Entity related documents, EIN, Operating Agreement

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jcumberbatch@surefoundationservices.com