GeoBlue International Health Insurance

France Expat Forum

American mortgage for French property

New Topic Newest First
mditlove
6/17/2005 10:23 EST

Help! We want to retire to France; however with the current state of the dollar we would like to keep our nest egg here and get a mortgage here. If we could get a mortgage for 20% down, we could wait for the dollar to improve before exchanging all our money to euros.

So we are looking for an American bank, a French bank in the States, or a mortgage company here that would underwrite a mortgage for a property in France.

Any one know of any? Or is this a pipe dream?

Thanks,

Sandra & Michel

VictoriaPD
10/12/2017 17:15 EST

Has any American resident obtained a typical (10 to 20% down) mortgage with a French company/bank in the last couple of years?

We've had no luck with French Mortgage brokers (one refuses to work with American residents and the other insists on 40% down, which we don't want to do)

We are hoping it'll be better with an actual bank. Can anyone tells us about their experience? Is it even possible to get a 10-20% down mortgage anymore?

William Russell International Health Insurance

Need health insurance in France? William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite).

Get a Quote

Lindesu
5/10/2017 20:36 EST

I am buying a small house in Brittany and have gone through the process of looking at financing options. We have excellent credit in the US but I was told by everyone that the could not make a real estate loan on a property overseas. I thought perhaps my best chance was with Bank of the West, simply because they are owned by a French banking group. But the subsidiaries are completely separate, so even that didn't work. There are a few French
companies that make loans to expats. I checked with several of them as well. However, what I learned was that they only make loans that are greater than €100,000.

So, in our case, because we found a 2 Bedroom, 1.5 bath house near our daughter, in the Breton countryside, it was a very good deal, only €40,000. Ultimately, I cashed out of a few smaller annuities to come up with half of the money, and I am taking out a signature loan of $30,000 to make the final purchase. I went through Bank of the West. I already had a credit history with them, and was able to bring the interest rate down to 5.99%. Its not as good as a true mortgage, but not bad for an unsecured, signature loan. And, they will loan up to $50,000 for any purpose.

This is how I am going to make my dream happen. Keep in mind that even if the property is listed through the notaire rather than a real estate agent (agence immoblier) you will still have some fees associated with the transaction. In my case, about €4,000. That's 1,000 for notaire fees and 3000 for taxes associated with the purchase.

AnnieToth
5/10/2017 12:17 EST

Hi Sandra and Michel. My husband and I are also preparing to move to France and found a property to purchase so I am doing a bunch of research on this very topic and found you post. I'm curious as to how this worked out for you--did you borrow from a French bank and if so which one would you recommend? We are also in Chicago and hoping to move in the next 6-8 months. We found a home that we love and he is overseas looking at it right now. Thank you for any insight you have. Annie

Please login to continue reading this thread.

Not a member? Join Today (it's free).

William Russell Health InsuranceInternational Health Insurance

Get a quotes for international health insurance from our partner, William Russell.
Get a Quote

Living in France GuideLiving in France Guide

Guide to Living in France covering expat life, local culture, finding a home, diversity and more.

France Forum France Forum
Join our France forum to meet other expats and talk about living in France.

Contribute to France Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in France.

Healthcare in FranceHealthcare in France

Expats often ask if health insurance is free in France or if you need health insurance to go to France. Here is basic information about the French healthcare system.

Cost of Living in FranceCost of Living in France

Expats offer insight into the cost of living in France.

Moving to FranceMoving to France Guide

Expats all over the world dream of someday making France their next destination. As with other countries, there is a lot of planning involved, and a lot of decisions to be made.

Real Estate in FranceReal Estate in France

Real estate listings in popular cities and towns in France.

Pros Cons of Living in FrancePros & Cons of Living in France

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in France.

Retiring in FranceRetiring in France

Advice for people retiring in France.

10 Tips for Living in France10 Tips for Living in France

Expats offer tips on health insurance, renting in Paris, culture shock, meeting people and more.

William Russell Health InsuranceInternational Health Insurance

Get a quotes for international health insurance from our partner, William Russell.
Get a Quote

Living in France GuideLiving in France Guide

Guide to Living in France covering expat life, local culture, finding a home, diversity and more.

France Forum France Forum
Meet other expats and talk about living in France.

Healthcare in FranceHealthcare in France

Expats often ask if health insurance is free in France or if you need health insurance to go to France. Here is basic information about the French healthcare system.

Cost of Living in FranceCost of Living in France

Expats offer insight into the cost of living in France.

Moving to FranceMoving to France Guide

Expats all over the world dream of someday making France their next destination. As with other countries, there is a lot of planning involved, and a lot of decisions to be made.

Real Estate in FranceReal Estate in France

Real estate listings in popular cities and towns in France.

Pros Cons of Living in FrancePros & Cons of Living in France

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in France.

Retiring in FranceRetiring in France

Advice for people retiring in France.

Contribute to France Network Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in France.

10 Tips for Living in France10 Tips for Living in France

Expats offer tips on health insurance, renting in Paris, culture shock, meeting people and more.

Expats-Love-Frances-Lifestyle-for-2022Expat Survey: Expats Love France's Lifestyle for 2022

Expats in France report a not-surprising-at-all love for their international lifestyle.

France-Ranks-Highest-Among-ExpatsExpat Survey: France Ranks Highest Among Expats

Surveys and reports conducted by Expat Exchange, including during the COVID-19 pandemic, indicate that expats in France are more satisfied with their expatriate experience than any other country in the world.

10-Tips-For-Living-in-Paris10 Tips For Living in Paris

Expats in Paris live in the fabled City of Lights, but what do you need to know to actually get there and establish yourself? Here are a few basic steps to help get the ball rolling. Includes information about visas, health care, where to live and more!

5-Movies-to-Get-You-Excited-About-Living-in-FranceExpats in France: 5 Movies to Get You Excited About Living in France

Here are 5 movies set in France - most are set in Paris - but one is not. They are modern and classic - enjoy them all and explore where they were filmed - if you're lucky enough to be an expat in France!

4-Reasons-Expats-Buy-Property-in-Provence4 Reasons Expats Buy Property in Provence

Thinking of moving to or buying a second home in Provence? David King from Winkworth International shares 4 reasons why Provence is a great place for expats to buy property.

13-Healthcare--Health-Insurance-Tips-for-Expats-in-France13 Healthcare & Health Insurance Tips for Expats in France

Expats in France share tips about applying for the Carte Vitale, PUMA, supplemental health insurance, English-speaking doctors in France, having a baby and more.

Copyright 1997-2022 Burlingame Interactive, Inc.

Privacy Policy Legal