In this sense, there are companies that have the same license as traditional financial institutions and facilitate access to mortgage loans for foreigners seeking to invest in the United States. The role of these companies is to advise those interested to get the best credit according to their characteristics and needs; And act as intermediaries with the banks, which are the ones that give out the loans in the end. With an intermediary number, the process becomes simpler, as it acts as a support for banks when accepting credits.
In this way it is possible to get loans averaging between 500 thousand and 700 thousand US dollars, although it can be from 100 thousand US dollars, in installments at a fixed or variable rate. For this, there are various financing programs ranging from 50% to 80% of the property amount with an annual interest rate in dollars ranging from 3% to 3.5%. All of this makes access to credit very attractive both for buying a home to stay in, or for those looking for a property with the intent to rent it out, who generate an average of 7% return in dollars with a difference depending on the area in which the property is located.
To obtain loans in the United States, the interested party must be able to demonstrate liquidity in bank accounts outside Argentina and their ability to pay to ensure that they can pay the fees. Because of the economic stability and exchange rate differential, Argentines who choose these Miami loans to invest in real estate seek to ensure controlled inflation that allows them to get a more realistic idea of their earnings. Argentines prefer to protect their capital in a safe and conservative investment; This is a very good way to do that.
The United States needs foreign investment and the banks are willing to disburse millions of dollars in mortgages to help grow and strengthen the country. In Florida alone, last year $8 billion was generated for international clients. Between August 2020 and September 2021, Canadians, Colombians and Argentines in that order were the most invested, a trend that has adjusted, with Argentines now taking first place in investments there, especially in Miami. According to estimates, Argentines invest approximately $3 billion annually in the purchase of real estate throughout Florida. One of the main reasons for this is the most sought-after destination: lower tax rates by nearly 2% per year.
Co-Founder of Qkapital.