What you need to know
What is involved in the home buying process?
Step-by-step outline of how home financing works in the U.S.
What documents are needed?
Get a list of the general documents you will need to provide to your Mortgage Consultant.
How to finalize a home purchase?
Sign closing documents, settle all costs, transfer ownership and get your keys.
How U.S. home buying works
The financing process in the U.S. may be different from what you are familiar with in your home country. We may order an international credit report for your mortgage application.
Step 1. Do your research – compare mortgage options, rates and closing costs.
Step 2. Complete an affordability review.
Step 3. Submit your request for prequalification.
Step 4. Understand the information and documentation needed to complete your mortgage application.
Step 5. Find your new home and submit all required documentation to obtain loan approval.
Step 6. Close on your new home.
Documents needed for U.S. home buying
General documents you may need to provide:
- Credit report authorization–
HSBC may obtain an international credit report (available for most countries).
- Copy of passport or government-issued ID
- Financial documents
- Current residence details
- Employment history
Finalizing the purchase of a home in the U.S.
A real estate closing is the final step in your home purchase. You will sign the necessary closing documents and settle all of the costs needed to transfer ownership of the property. Funds will be transferred to the closing agent and once the seller has been paid, you will receive the title and keys to your new home.
To learn more about U.S. home buying, talk to a Mortgage Consultant
International borrowers must have qualifying documentation to be eligible for an HSBC Preferred Mortgage, HSBC Deluxe Mortgage or HSBC Elite Mortgage. Monthly mortgage payments must be made in U.S. funds.
United States persons are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts. U.S. persons should consult a tax advisor for more information.
Mortgage and home equity products are offered in the U.S. by HSBC Bank USA, N.A. and are only available for property located in the U.S. Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be canceled or are subject to change at any time and cannot be combined with any other offer or discount.