Financing Your First Home in the U.S.
Buying a home in a new country is a big deal—but don’t worry, we’re here to make it simple. At Sirva Mortgage, we’re experienced in helping people navigate the U.S. mortgage process with confidence. Whether you’re just getting started or ready to make an offer, our experienced mortgage professionals will guide you every step of the way.
Below, we’ve outlined what to expect—from application to closing—so you can feel more prepared and a little less overwhelmed.
Your U.S. Mortgage Journey: Step-by-Step
1. Start with a Conversation
Before your move, your dedicated Sirva Mortgage Consultant will chat with you about the process, available loan options, credit requirements, and timeline. You’ll complete a quick phone application, and we’ll send you a personalized checklist to begin collecting the documents needed for a verified pre-approval.
Process & Timeline Overview
Pro Tip: Try to send your paperwork in quickly to keep things moving. Documents like pay stubs and bank statements are valid for 90 days.
2. Building Credit in the U.S.
To get a mortgage, most lenders require a U.S. credit history with at least two credit scores. If you don’t have this yet—no worries. We’ll help you create an International Credit Report using your financial history from back home. Here's how:
- You'll complete a Credit Checklist and send it back to us.
- We’ll verify at least three accounts (like rent, credit cards, or utilities) with 12+ months of history.
- Conference calls may be needed between you, the credit company, and your original creditors.
- If no U.S. credit exists, a homebuyer education class is required—and we’ll help you get set up.
3. Verified Pre-Approval
Once your initial documents are submitted, our team reviews everything for pre-approval—even before your international credit report is finalized. A verified pre-approval letter gives you a leg up when making an offer, showing sellers you’re serious and ready.
4. Finding Your Home
You’ll be paired with a local real estate expert to help you find the right home. When you’re ready to make an offer, make sure your contract allows time for:
- Your U.S. arrival and at least 30 days of pay earned
- Receiving a U.S. Social Security Number
- Verifying your work visa
- Completing any required classes
- Meeting all loan approval guidelines
5. Locking In Your Interest Rate
Once you’ve signed a purchase agreement, your Mortgage Consultant will help you lock in your rate and finalize your loan terms. We’ll need a few quick details from you:
- Property address
- Closing rate
- Purchase price
- Realtor contact info
After that, we’ll send you an official loan disclosure package within 3 business days.
6. Final Loan Approval
With your interest rate locked, we’ll update your file with any final documents and submit everything for formal approval. During this time, we’ll also:
- Finalize your International Credit Report
- Order a home appraisal
- Coordinate Power of Attorney if needed
- Verify homeowners insurance
- Double-check your finances for closing
7. Closing Time
Your closing will happen with a title company or real estate attorney. Your loan closer will share all the final details, including how much you’ll need to bring to closing, the address, and any documents required.
Important: If someone on the loan can’t attend, a notarized Power of Attorney (POA) is required. If they’re outside the U.S., this must be done at a U.S. Embassy or Consulate—no exceptions.
