Global Mortgage Group
U.S. Mortgages for Overseas Investors
GMG is the world’s only U.S. Mortgage Specialist based overseas – focused on U.S. Citizens and Foreign Nationals living overseas. We offer loan programs that don’t require U.S. credit or income. Our mortgage solutions are faster, cheaper and more transparent than International Banks. We also offer International mortgages and short-term bridge loans.
Better than Banks
WE ARE FAST
GMG can close a U.S. mortgage in 30-45 days! This is because our processing time is much faster than that of International Banks which take 4-6 months, because we have streamlined the process to eliminate unnecessary steps.
25% DOWN
Our U.S. Mortgage Programs require as little 25% down payment for Foreign Nationals and as little as 10% for U.S. Expats. Most International Banks require at least 50% down payment and a mandatory minimum deposit required.
EASY TO QUALIFY
We approve over 97% of all loan applications! We work directly with our lenders to create loan programs specifically for the needs of our clients. Furthermore, GMG even has programs which do not require income verification.
TRULY GLOBAL
GMG has direct lending relationships with banks and wholesale mortgage lenders around the world. We speak your language, and operate in multiple timezones from our offices in the United States, Hong Kong, Singapore and Shanghai.
Do I Qualify?
GMG has made it very easy for you to qualify. We understand that overseas borrowers have different requirements and we have worked closely with our lenders to create loan programs specifically for you. If you can meet the following criteria, you can qualify for a U.S. mortgage:
PURCHASE
LOANS
- Is the home value at least US$150,000?
- Are you able to put 25% down-payment?
- Are you able to show a paper-trail of 60 days for all funds going toward the purchase?
- Are you able to provide an International Credit Report of Bank Reference Letter?
REFINANCE/
EQUITY CASH-OUT
- Is the home value at least US$150,000?
- Do you have at least 25% in equity in your property?
- Do you want to lower your rate or pull cash out of your home equity?
- Are you able to provide an International Credit Report of Bank Reference Letter?
IF YOU CAN ANSWER THESE QUESTIONS THEN YOU CAN QUALIFY!
Borderless Mortgages. Easy.
Insights
Rising Rates From Strong Economic Data, But Still Near Record Lows
Mortgage rates have recently been seeing higher upticks, indicating a steady economic recovery. Last week (from 15 to 21 February), the rates took the biggest leap in more than a year. According to Bankrate data, the 30-year fixed-rate mortgage reached 3.04% on 22 February, which was 2.8% on 10 February.
Why the Coronovirus has shifted how we rent or buy our home
We are all using more technology: Seesaw, Zoom, Hangouts, Slack, Teams, more Amazon, more Netflix, more online classes, etc. We had to learn to support our children during online classes and create areas in our home for conference calls.
U.S. Home Prices Post Record Gain, Topping Peak From 2005
Against all odds, the U.S. real estate market recovered quickly, too quickly to enter a pandemic property boom. Several factors, including the lowest mortgage rates in history, positive buying intent, and reduction of the unemployment rate, have pushed the home prices to the point that surpasses the 2005 index.
