What is the difference between foreigners buying a house in the United States and local Americans?

In terms of home purchase qualifications, the United States does not restrict foreigners from buying houses in the United States, and there is no limit on the number of houses; in terms of loans, foreigners can also get loans to buy houses in the United States, but the application conditions are lower than those in locals. People are more strict; in terms of house transfer, foreigners need to pay "capital gains tax" when selling houses like locals.

No restrictions on home purchase qualifications

The U.S. federal government has never prohibited foreigners from purchasing real estate in the United States. Any foreigner can buy a house in the United States. The United States is a country of immigrants and welcomes foreigners to invest or purchase real estate in the United States. There are almost no restrictions on buying houses.

The conditions for foreigners to apply for mortgage loans are more stringent than those for Americans

For foreign buyers, the conditions for obtaining a loan are more stringent than those for Americans. Generally speaking, lending institutions require foreign buyers to pay a down payment of 50% of the house price, which is much higher than the 20% required by Americans, and the loan interest rate on the balance will also be relatively high.

Foreigners selling U.S. real estate are subject to the same capital gains tax as locals

Owning a home can provide a reliable way to protect households. To achieve this goal, the United States has a set of Relatively complete housing policy. Capital gains tax, together with property holding costs and housing loan interest rates, constitute an important tax policy for the healthy and stable development of the U.S. real estate market. Foreigners selling U.S. real estate are subject to the same "capital gains tax" as locals. When Americans sell real estate themselves, they are subject to tax on the profit. Although there is a certain tax exemption amount, the tax rate may be as high as 25%. Foreigners who purchase real estate in the United States and then sell the profit are also taxed. Pay taxes.

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