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cervera01
166 Posts |
 Posted - 05/21/2008 : 5:11:37 PM
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Hi,
I have a borrower that works in Mexico, just across the San Diego border. He is a US citizen but he works as a lawyer in Tijuana. He wants to purchase a home in San Diego and has supplied me with all of his income docs. Paystubs and last two years tax returns... all in Pesos and filed with the Mexican government. I just found out that FHA will only accept income docs that are in US currency and US assets, i.e. bank accounts. Does anyone know if I can get this deal done through Fannie or Freddie... Below are the details.
697 FICO
90% LTV
US CITIZEN
Purchase of Low Rise Condo in CA
Owner Occupied
Full Doc
$200,000 Purchase Price
Wants a fixed rate...
Thanks |
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itsmeant007
45 Posts |
Posted - 05/21/2008 : 5:53:47 PM
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| Even if he makes money in mexico, if he lives in the usa I beleive he still is subject to federal income tax he should have US tax returns. |
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cervera01
166 Posts |
Posted - 05/21/2008 : 5:56:25 PM
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| He lives in Mexico... he is moving back to the US because of all the violence in Mexico at the moment. |
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