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Old 21.02.2021, 12:53
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Buying a property - can US citizens get a mortgage these days?

We are a married couple thinking about buying an apartment to live in, in the place we've been renting in for the last 10 years. One of us is a US citizen, the other an EU citizen, both have a C permit. Would anyone have recent experience with trying to get a mortgage while American? We are reluctant to even start looking if it's hopeless.


Also, can just one of the spouses (the EU citizen) get a mortgage? I assume the amount is limited then.



Thank you for any experiences or leads.
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Old 21.02.2021, 15:52
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Re: Buying a property - can US citizens get a mortgage these days?

It went through this about a year and a half ago.

They did have the usual "we are going to report all this to the IRS" form to sign. It amused me that the agent was surprised that I didn't need to look up my SSN. I think they also wanted to see some back FBARs.

So the usual nuisance paperwork was required, but overall not a real problem. Note though that I didn't approach enough banks to say anything about what fraction can deal with Americans.
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Old 21.02.2021, 18:04
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Re: Buying a property - can US citizens get a mortgage these days?

That is great to hear, many thanks for sharing your experience. Yes, the SSN - FBAR - IRS tax return part is not a problem, my spouse is compliant, as long as someone is willing to deal with us at all.
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Old 21.02.2021, 18:09
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Re: Buying a property - can US citizens get a mortgage these days?

Some people we know with a mortgage with the UBS in Nyon had their accounts moved to a branch in Lausanne. They kept their mortgage and savings accounts, but they just had to deal with that specific branch. A little inconvenient, but these days, not so much.
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Old 21.02.2021, 18:10
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Re: Buying a property - can US citizens get a mortgage these days?

In my experience, mortgages are easy. A few more hoops to jump through with normal banking though. You'll be fine I reckon.
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Old 21.02.2021, 18:17
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S/O Can Americans get a mortgage

How about non-resident Americans getting a mortgage for a holiday flat? One of us is also dual US/EU citizen and one is not. I understand the restraints about % available to non-residents/maximum floor space/etc., but having a hard time getting a straight answer about possibility of getting a mortgage.
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Old 21.02.2021, 18:18
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Re: Buying a property - can US citizens get a mortgage these days?

Friends of ours in a similar situation (Swiss + American) had good success with the Cantonal banks. I think they went with Banque Cantonale du Valais in the end, but they also had an offer from the Vaud cantonal bank.
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Old 21.02.2021, 19:31
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Re: Buying a property - can US citizens get a mortgage these days?

Credit Suisse provide mortgages to US citizens, for one.

If you have a mortgage broker, they'll identify which financial institutions will lend to US citizens and on what terms.
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Old 21.02.2021, 19:48
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Re: Buying a property - can US citizens get a mortgage these days?

Didn't mean to crash this thread but my question got moved here. So, non-resident Americans can get mortgages for holiday flats?
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Old 21.02.2021, 20:12
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Re: Buying a property - can US citizens get a mortgage these days?

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Didn't mean to crash this thread but my question got moved here. So, non-resident Americans can get mortgages for holiday flats?
No, residents. You can make a deal with the tax authorities though and get a permit. But then most likely you do not need an mortgage.
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Old 21.02.2021, 21:07
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Re: Buying a property - can US citizens get a mortgage these days?

That's what I thought. Thanks.
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