How overseas buyers can get a mortgage for a U.S. home

ILLUSTRATION- CHRIS GASH
ILLUSTRATION- CHRIS GASH

Many foreign buyers who finance a U.S. home will need private loans, which typically have higher down payments and interest rates

By Anya Martin | The Wall Street Journal

Amid economic instability and global turmoil, foreign buyers in recent years have found an appealing place to park their money in U.S. real estate.

Now, rising U.S. home prices and a strong dollar mean overseas buyers will need more money to buy a home here. Last year, 50% of foreign buyers paid cash for U.S. residential real estate, according to the National Association of Realtors (NAR). Mortgage financing, however, is another option.

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