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Financial Services > Mortgages > Holiday Homes > US Property as Security

US Property as Security

If you need finance to purchase a property in the USA, then Mortgages.co.uk can help, we can give you the advantage of advice from a team of licensed credit brokers who have over 20 years experience in the field.

You could secure a repayment mortgage on your property in the USA, in US Dollars (or Sterling in Florida only), depending on your circumstances.

Guides on Mortgages in the USA:

Based on the valuation or purchase price (whichever is lower) you can take a loan for up to 70% (including fees) of your property’s value, for the purpose of purchasing an American property, or re-mortgaging for home improvements. Mortgages for other purposes or commercial loans, will be dealt with individually.

The minimum loan is $50,000 and the repayment period is available from 5 to 30 years and could be available to applicants up to the age of 80.

Please note that due to changing conditions in the US mortgage market, rates are subject to change at any time. Loan to value rates and interest rates may fluctuate rapidly and without warning.

 

Current approximate average US mortgage rates are about 6.50%, at 70% loan to value.

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