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  • Home
  • About
    • MTY Group
    • Why Choose Us
  • Services
  • Agents
  • Join Us
  • Contact
  • FAQs
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MTY GROUP

FAQs

MOST
FREQUENTLY
ASKED
QUESTIONS

FROM OUR CLIENTS
Can a foreigner buy a house in USA?

Yes. The US government has no restrictions on foreign investments in us real estate, so it is pretty much a level playing field for both US citizens, US resident aliens and foreign nationals.

Do I have to pay a brokerage commission when buying a property?

No. Commissions are always paid by the seller. The commission is evenly divided between the buyer and seller’s real estate brokers, so buyers don’t pay anything to have a real estate agent working on their behalf.

Can a foreigner buy a house in USA with a mortgage?

Mortgage loans for foreign nationals are readily available. For instance, HSBC, Wells Fargo and many private banks offer foreign national loans. Below are highlights of HSBC’s terms for foreigners national mortgage:

  • 30{44d9ce82f6c422d0d8a942009c8c588b4f080b828c931400eecaf60e46dc0381} Minimum down payment

  • $3 million maximum mortgage amount, which translates to a property value of $4.3 million

  • $50,000 or $100,000 on deposit from HSBC

  • 12 months reserves (mortgage payment, common charge, and taxes) are required to be on deposit (in addition to the funds on deposit)

Interest rates vary on a daily basis, so connect with us for the latest rates.

 

How are foreigners treated differently than US residents when buying a home?

United States tax policy is generally favorable to both foreign investors and US and residents, alike, so there are few specific rules for foreigners buying property in the USA. Co ops in Manhattan prefer primary homeowners and bank’s underwriters will treat the foreign buyer as a bit riskier, but these are not government regulation.

FROM AGENTS
Do I have to pay to transfer my license?

Yes, each State has their own transfer fees. For example, the NYS Department of State fee is $20 to transfer a real estate license for experienced brokers. For new brokers, the fee is $50.

How long does it take to become an MTY agent?

Generally, if your application is complete and your W-9 and Independent Contractor agreements are submitted, the process can take about 24 hours to complete.

How much does it cost to become an agent at MTY?

There is no registration fee at MTY Group. 

What type of real estate can I do with MTY Group?

At MTY Group you decide what type of real estate you want to do. That includes residential or commercial, sales or leasing. The choice is up to you.

Learn More About Our Services

We welcome you to a real estate experience that begins with MTY Group and ends with an irrevocable decision to deliver work together with industry-leading standards.

Our Services

Learn How to Join MTY

We have a team of unparalleled real estate agents and talents. Learn how you can be part of the network. We set industry-leading standards with our winning mentality.

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