Do I Qualify
Eligibility and criteria
• Mortgages are available in US Dollars only
• Repayment mortgages only
• The maximum loan to value is 70%
• The maximum term is 30 years.
• The minimum loan amount is US$125,000
• All schemes require full documentary evidence of income – ‘self-cert’ mortgages are not available
Mortgages are only available in the following States: New York, New Jersey, Connecticut and Florida
Affordability
To qualify for a mortgage in the USA, a calculation is used to establish whether you can afford to maintain the mortgage repayments. This will automatically happen when you complete our enquiry form and we will not charge you for this service.
Example: Your existing liabilities, including your UK mortgage or rental payments, loans, credit card payments and maintenance are taken into account, together with the proposed USA mortgage payments. All this must not typically exceed 38% of your monthly gross income. For example if your gross joint income is £2,500, 38% of this equates to £950. If your only liability is your current UK mortgage payment of say £300 per month, this would leave a balance of £650 for your USA mortgage repayment.
The amount that you can borrow is also restricted by the maximum loan to value as mentioned under Eligibility and criteria.
Proof of income requirements
If you are employed:
• Your last three month’s payslips
• Your latest P60 and employers reference
• Your last three month’s personal bank statements
If you are self-employed:
• Your last two year’s Audited Accounts, Tax Returns and Accountants reference
• Your last three month’s personal bank statements
Other documents will be required and will be confirmed when application forms are sent to you.

0800 970 0985