Logo
Global

How To Get a French Mortgage As a US National

30th August 2022
Hugh Wade-Jones GROUP MD

Hugh Wade-Jones

contact
How To Get a French Mortgage as a US National - Enness Global
GROUP MD

Hugh Wade-Jones

France is a favored property-buying location for Americans. Mountain resorts in the Alps remain popular for property investment, with Megève being a particular favourite due to its proximity to Geneva airport (offering direct flights to the US). American purchasers are also interested in Courchevel, Val-d'Isere, and the neighbouring districts. Naturally, the Côte d'Azur is very appealing. Americans are attracted to France's picturesque coastline, which offers perfect real estate for vacation and second homes. Some of France's most coveted homes may be found along the shore between Ramatuelle and Roquebrune.

Finally, Paris is a popular destination for US property investors. Holiday houses and buy-to-let properties in the French capital remain popular due to the city's diverse range of cultural and gastronomic events and world-class shopping. International investors are becoming more interested in Paris, owing to the city's rising property prices over the last decade, particularly in the core arrondissements. Estates in France remains some of the most sought after in the world, and real estate is available throughout the country to meet the most discerning American purchasers.

French Mortgage For US National & Citizens

Given the significance of liquidity in the French property market, you should contact Enness before initiating your home search to explore property financing possibilities. Regardless of the variety of financing alternatives available to American citizens and residents, whom you know and how effectively you present your case might be critical to receiving the best deal.

Using a French bank for a French property purchase might seem natural, and it occasionally is. However, many French retail banks focus primarily on lower-value property purchases and simple transactions (holiday homes with low loan-to-value bought by European property investors with a significant income stream, for example). Mortgages above a million euros might be difficult to get if you have worldwide assets or several income sources you want your lender to consider when determining how much you can borrow. 

When it comes to French real estate, the best mortgage rates and conditions are often given by a small number of carefully selected institutions. These lenders can be both French and foreign, and the best option for you will be determined by your financial condition and personal circumstances. In addition, many lenders specialise in specific situations or cater to specific types of lenders.

High-value residences are in demand in the most desired locales (primarily the Côte d'Azur, Paris, and the Alps). Buyers who want to proceed with real estate purchases in principle offers may have difficulty finding a lender that can guarantee financing within a short timeframe. The higher the value of your house, the more difficult it will be to acquire a substantial French mortgage in a short amount of time; hence, it is critical to plan wherever feasible.

Structuring French Mortgage

It is critical to organise a French mortgage carefully. There may be minor changes in the processes, and how you organise your financial package might affect tax responsibilities. Since France's tax system is one of the most complicated in Europe, structuring your transaction in the most advantageous way possible is critical. Instead of simply finding and negotiating a mortgage for you, Enness can arrange a deal that mitigates foreign exchange risk, considers insurance needs, and is fiscally beneficial. 

US buyers benefit from various property financing choices when purchasing property in France. Various lenders offer bridging loans, various forms of mortgages, real estate refinancing, development funding, and equity release. Enness will offer you the best deal and the most value for money by using its expertise and relationships in France, the United States, and worldwide.

Accessing the most affordable and flexible French mortgage at the top of the market depends on whom you know and your ability to present an application in the best possible light. In France, time is especially important. Thus the quickness with which you can get the necessary financing will influence how simple it is for you to buy. Your broker will also be able to obtain favourable prices and terms that others do not have access to.

Get in touch today

French mortgage are not available from every lender, even private banks. Approaching lenders separately can be time-consuming, and there is no way to ensure you get the best price. Enness offers access to over 500 lenders and will only operate in your best interests during the process. Your broker can scan the whole market for the best rates and conditions on your behalf. Get in touch to discuss your french property financing options.