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Hello, Your link was sent to us through one of our colleagues. I am inquiring on behalf of our managing director the options for purchasing a 2-4 family home in new york city using the income that is generated while abroad. As the agreement abroad is coming to an end this year, he is looking for a pre approval to present to a few of the house owners of interest. And, when a deal to buy is met, a mortgage (at a competitive rate). Is there an area of your expertise? Please advise. And, thank you for your insight. Gail, Executive Assistant P.S. A few notes for consideration: a) He is a USA citizen (and a veteran of the US Marine Corp) b) Annual Income is about 75K c) Total available cash is about 30K d) House price window 400K - 700K e) House will have at least 1-3 Rental Units (Minimum rent of $1,300 Each) f) Credit score is above 680
gail, new york city
January 26, 2015 09:00:34 AM
In reply to gail, new york city
Thanks for considering TD Bank, Gail.
To apply for a mortgage with TD Bank, as a U.S. citizen, one must have a current U.S. street address, the most recent two years of income tax reported in the English language and a current FICO score from at least two different Credit Bureaus.
Due to the unique situation, we invite your director to call one of our Mortgage Experts directly, so that we can provide our best advice based on his needs after knowing his exact situation. We're available 24/7 for you at 800-937-5020, and we'll be glad to explore all the options in detail.
He may also want to stop in at any TD Bank Store and review this with a Representative there. At that time we can determine what we may be able to accept in lieu of this requirement. Additionally, he can also locate the nearest Mortgage Advisor by checking out: http://bit.ly/Zwj5NI.
Also, since you mentioned that your managing director is a veteran, Gail, if he hasn't used his VA certificate on a purchase yet, he may be able to take advantage of this. We invite you both to take a look at the following link: http://bit.ly/1u7UkkP for more information on our Loans including details for our Department of Veteran Affairs (VA) loans and rates.
We hope you find our answer helpful and please don't hesitate to return to TD Helps if you have any further questions.
LiShu R, Mount Laurel
January 26, 2015 09:10:04 AM