When foreign citizens buy a house in the United States, the down payment ratio will be higher, generally around 40-60%.

Before the subprime mortgage crisis in 2008, Americans had to pay a very low down payment, or even zero down payment. Now banks are much more cautious and the down payment ratio has increased, generally between 5% and 20%.

The upper limit of the loan amount is determined by the lender's economic situation, and whether the loan can be obtained or the interest rate is good or bad is determined by the lender's creditscore. It is difficult to get a general loan if the credit score is below 620 or there is no credit score. The minimum credit score for low-income government subsidized loans (fha) and American veterans loans (va) is 600. The higher the credit score, the better the interest rate, but the interest rate above 740 is the same. In addition, the higher the down payment ratio, the greater the possibility of applying for low-interest loans.

2. What is the down payment ratio of China people to buy a house with loans in the United States?

Your monthly income should not exceed 1000 yuan. In this way, when you need money because of sudden illness, you won't have no money to repay the loan and be repaid by the bank for fifteen years.

3. Can Chinese Americans buy a house in China?

Yes, the conditions for buying a house

1, a natural person who has reached the age of 18 and has full capacity for civil conduct;

2. When the loan expires, the man is not over 60 years old and the woman is not over 55 years old;

3. Have a stable and legal occupation and income source, and be able to repay the principal and interest.

Purchase process: 1. Sign a house purchase agreement with the development company. 2. Fill in the personal housing loan application form and provide the information required by the bank. 3. After the bank has passed the examination, deposit the down payment into the bank or issue a down payment certificate.

4. After approval, sign loan contract, mortgage contract and guarantee contract.

5. Handle mortgage registration, home insurance and notarization procedures.

6. Go through the loan entry and transfer procedures.

7. Go to the development company to handle the relevant household procedures.

4. How much is the down payment for China people to borrow money to buy a house in the United States?

When foreign citizens buy a house in the United States, the down payment ratio will be higher, generally around 40-60%.

Before the subprime mortgage crisis in 2008, Americans had to pay a very low down payment, or even zero down payment. Now banks are much more cautious and the down payment ratio has increased, generally between 5% and 20%.

The upper limit of the loan amount is determined by the lender's economic situation, and whether the loan can be obtained or the interest rate is good or bad is determined by the lender's CreditScore. It is difficult to get a general loan if the credit score is below 620 or there is no credit score. The minimum credit score for low-income government subsidized loans (FHA) and American veterans loans (VA) is 600. The higher the credit score, the better the interest rate, but the interest rate above 740 is the same. In addition, the higher the down payment ratio, the greater the possibility of applying for low-interest loans.