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What are the requirements for buying American real estate?
The quality of life of Americans is relatively good, especially in medical care and education, which is why more and more people choose to buy houses and settle in the United States. The United States is an immigrant country, and foreigners are very welcome to buy houses or invest in the United States. It can be said that there are no restrictions on buying a house in the United States. Any foreigner can buy a house in the United States, and the number of houses is still unlimited.
But if you want to buy a house in the United States, you must have a green card, which means you are a resident with permanent residency in the United States. There are many ways to get a green card. The simplest one is that you can get the qualification of immigration as long as you make qualified investment.
Even if you get a green card, it doesn't mean that you are an American resident, and your living conditions are still different from those in the United States. After getting a green card, you must live in the United States for five years before you can get the right to return to China. Only in this way will you be granted American citizenship, and then you can enjoy all kinds of treatment of American natives.
Moreover, foreigners can also apply for loans to buy a house in the United States, but the conditions for these foreigners are stricter. Generally, Americans only need to pay about 20% down payment, while foreigners need to pay about 40% to 50%. And the loan interest is higher than that of local residents in the United States. If foreigners want to get a loan, they must get confirmation from the bank whether they can pay off the money.
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