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【superrate】The conditions of California loan to buy a house

In fact, the United States does not have a policy to buy a house. Xiaobian also collates the loan conditions and materials for you to buy a house in California. You can also refer to the loan conditions for buying a house in California. Let’s have a look!

However, it is not easy to buy a house with loans in the United States. The following conditions are required:



California housing loan conditions:

  1. The applicant needs to sign online;
  2. Applicants are required to pay the loan processing fee, which is generally US $3000-4000;
  3. In the United States, when foreigners apply for loans, the five-year term interest rate is fixed at 4%, and the seven-year term fixed interest rate is 4.25%;
  4. It takes about 30-45 days to apply for a loan in the United States from the application to the final loan, and the applicant had better prepare in advance;
  5. Foreigners in the United States for housing loans, need 50% down payment, loan 50%, if the applicant credit good, can be increased to 4:6 inventory ratio.



California home loan materials

  1. Fill in the application form of house purchase loan;
  2. Bank statements in the United States or China in the past 30 days are required;
  3. Provide at least 3 credit references, including mortgage payment records, telephone bill payment records and credit card payment records in one year, etc;
  4. Provide a copy of the applicant’s visa, which must be valid for more than one year;
  5. Provide the salary certificate of the applicant, which needs the letter paper with the name of the work unit and the seal of the personnel department; the content of the certificate also needs to include the applicant’s working time, position, salary status and position, etc;
  6. Before the purchase transaction is successful, you need to apply for a bonded number to provide to the bank. You can ask your own lawyer for assistance, or you can operate on the Internet;
  7. All application materials need to be translated into English;
  8. Provide a copy of your passport.

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