Sugar mummy U.S. Mortgages for International Borrowers and Free Mortgage Loan – MORTGAGE LOAN

Solutions in the U.S. for international borrowers

International borrowers with qualifying documentation do not need U.S. credit history to apply for an HSBC mortgage. We will order your international credit report for your application.

Step 1: Pre-Approval and Application

When financing property in the U.S., a mortgage^1,2 pre-approval can simplify the process. We will check your financial background to determine how much money you are qualified to borrow and the estimated interest rate you will pay.

Advantages of a pre-approval include:

• A written 90-day commitment
• Additional leverage when negotiating with a seller
• The ability to focus on homes in your price range
• The security of knowing you will receive a competitive rate

Step 2: Credit verification

You do not need U.S. credit history to be eligible to apply for a mortgage loan. We will order your international credit report for your application. Additional information may be needed to complete credit verification.

Step 3: Documents you may need

There are a number of documents that you must supply when applying for a mortgage in the United States, but keep in mind that the exact documents needed may vary in different parts of the U.S.

In general, you will need documents that verify the following:

• Your identity
• Income
• Employment
• Assets

You may want to consider having a real estate attorney review all contracts, and consult with a tax specialist regarding your potential tax liabilities.

U.S. Mortgage Document checklist
Your HSBC Mortgage Consultant will help you with all necessary documentation. Our U.S. Mortgage Document checklist can help you get started.

Step 4: Closing on your U.S. home

A real estate closing is the final step in your home purchase. At the closing you will be signing legal documents and settling all of the costs needed to transfer ownership of the property. The following professionals are typically included in closing meetings:

• Sellers
• Buyers
• Seller’s attorneys
• Buyer’s attorneys
• The bank
• The insurance official

Once you have closed on the property, you should have mortgage documentation, and most importantly, keys to your new home.

Closing costs

Closing costs can include: recording taxes, attorney’s fees, the sales commission, title insurance, bank fees, and other fees. Use this tool to estimate your closing costs.

Your HSBC relationship will give you access to a wide range of banking and wealth management services designed to make your move or visit to the U.S. as easy as possible.