Pacific Gate San Diego High Rise Condo Foreign Income Loans

A new Bosa Development luxury high rise Condo project in the Embarcadero district of downtown San Diego opened its doors this summer. The property is located at 888 W E St San Diego CA 92101. The Pacific Gate tower has attracted many buyers including foreign buyers, due to its beauty, location, and amenities. Most US lenders find it difficult to finance brand new high rise condos let alone high rise condos for foreign buyers. Pacific Gate has many exclusive condos with amazing views in the $3,000,000 – $4,000,000 range. Here at Griffin Funding, we can do loans up to $3,000,000 for foreign buyers as a primary residence, second home or investment property. We translate foreign documents to show the buyer’s income qualification to ensure the loan funds and closes on time. If the foreign buyer is unable to prove income in the traditional method we can use bank statements to qualify for the loan and we will allow for up to a 50% debt-to-income ratio. Traditional banks have a much smaller underwriting box and most will not allow foreign income, bank statements and debt to income of up to 50% to qualify. These expanded criteria high rise jumbo loans are available for US Citizens and Foreign Nationals (Non-Permanent Resident Aliens).


Recent Posts

Conventional Loans for First-Time Home Buyers

A conventional loan for first-time home buyers is a traditional mortgage loan that meets the parameters set by Freddie Mac or Fannie Mae. Conventional loans require some percentage of down payment, depending on the mortgage you choose, and your credit score typically must be 620 or higher. In addition to credit score, conventional loans for Read More…

Bank Statement Loans for First-Time Home Buyers

Bank statement loans for first-time buyers are a way to secure a mortgage using non-traditional means. When you have self-employed income that you are depositing into a bank account, you can obtain a mortgage through a bank statement loan.  A bank statement loan can make it easier for business owners, contractors, and freelancers to provide Read More…

Adjustable-rate vs. Fixed-rate Mortgages

If you are thinking about purchasing a new home, you might not be in a position to purchase a home with cash alone. Fortunately, you do not need to save up hundreds of thousands of dollars to qualify for a house. There are plenty of loan options available, but every buyer is in a different Read More…