Extended rate lock

When your clients are looking for new construction financing, we can help them purchase with confidence. With our mortgages, HSBC offers various extended rate lock options, up to 360 days. HSBC’s extended rate lock includes a rate roll down feature—a one-time option that allows clients to take advantage of lower rates, should they improve prior to closing.

Graph explaining the interest rate and buyer's rate. As interest rate fluctuates, the buyers rate stays the same. If the interest rate goes to a new low, the buyers rate stays at the new low. This is called the Buyers rolled down rate. HSBC's holds various extended rate lock options up to 360 days. There is a one time option to roll down the rates to take advantage of lower interest rates.

Family Assisted Financing1

  • A maximum of four borrowers are allowed to be considered owner occupied; the property must be the primary residence of one of the applicants.
  • Everyone signing the note is considered a co-borrower and must be on the title.
  • Cash out refinances are not allowed.
  • All borrowers must meet standard requirements for mortgage eligibility, and must have either U.S. citizenship, permanent residence, or a valid visa acceptable to HSBC. Additionally, occupying borrowers with a valid F1 visa, are eligible for this program with documentation showing their current enrollment at a U.S. college or university.

Condominium Program

Condo Type
Percent Complete
Minimum Pre-Sale %
Non-Residential Space
HOA Control by Home Owners
HOA Delinquency
Financial Statements
Single Entity Ownership
HSBC Concentration
Established
100% Complete
90%
<35%
Required
<15%
Not Required
<20%
<33%
Non-Standard
100% Complete
Non-Standard A 51%
>35%
Not Required
<10%
Yes
<20% 
<20%
Non-Standard
100% Complete
Non-Standard B 70% (and 30% of the units closed)
<35%
Not Required
<10%
Yes
<20% 
<20%
New
Not Complete
30%
<35%
Not Required
<10%
Yes
<20% 
<20%

Condominium Program

Condo Type
Established
Percent Complete
100% Complete
Minimum Pre-Sale %
90%
Non-Residential Space
<35%
HOA Control by Home Owners
Required
HOA Delinquency
<15%
Financial Statements
Not Required
Single Entity Ownership
<20%
HSBC Concentration
<33%
Condo Type
Non-Standard
Percent Complete
100% Complete
Minimum Pre-Sale %
Non-Standard A 51%
Non-Residential Space
>35%
HOA Control by Home Owners
Not Required
HOA Delinquency
<10%
Financial Statements
Yes
Single Entity Ownership
<20% 
HSBC Concentration
<20%
Condo Type
Non-Standard
Percent Complete
100% Complete
Minimum Pre-Sale %
Non-Standard B 70% (and 30% of the units closed)
Non-Residential Space
<35%
HOA Control by Home Owners
Not Required
HOA Delinquency
<10%
Financial Statements
Yes
Single Entity Ownership
<20% 
HSBC Concentration
<20%
Condo Type
New
Percent Complete
Not Complete
Minimum Pre-Sale %
30%
Non-Residential Space
<35%
HOA Control by Home Owners
Not Required
HOA Delinquency
<10%
Financial Statements
Yes
Single Entity Ownership
<20% 
HSBC Concentration
<20%

Loans for Homebuyers

  • Access to up to $3 million in financing on mortgages.
  • Closing cost credits2 up to $1,500.
  • Rate locks up to 360 days.
  • Title vesting for U.S. corporations and U.S. limited liability companies3.
  • International clients do not need U.S. credit history to be eligible to apply for a mortgage. HSBC may order their international credit history to help them obtain HSBC financing in the U.S.
  • If homebuyers paid cash to expedite their condominium purchase transactions, we can assist them in getting some cash back, at favorable rates, when they apply for a cash-out4 refinance within six months of an all cash purchase.

Building Approval

  • Approval valid for 24 months (new construction only)

 

Building Age (new construction only)

  • Should not exceed 36 months since completion

Resources

The value we place on our home often changes throughout our lives. Discover homeownership stories of how experiences and different circumstances can change the way we value our home.

We offer mortgage solutions for your international clients seeking a home in the U.S. Whether your client is looking for a new home to reside in or an investment property, HSBC is the right partner to make a home ownership a reality.

Mortgage calculators to help estimate costs.

1 A maximum of four borrowers are allowed and at least one borrower must have a Premier, Jade or Advance relationship. The property being financed must be the primary residence of at least one borrower. Minimum FICO required of 700; options available for international borrowers with qualifying documentation. Cash out refinances are not permitted. Please contact a Mortgage Consultant for specific details.

Must have a principal residence in the United States, U.S. Citizenship, or Permanent Residency to qualify for closing cost credit.  For more information, please contact your mortgage professional.

The LLC or Corporation must be formed as a single purpose entity solely for the purpose of owning the subject property. Additional restrictions apply.

4 If a loan was obtained to make an all-cash purchase, cash-out loan proceeds may be reduced by repayment amount(s).

Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC

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 cancelled or are subject to change at any time and cannot be combined with any other offer or discount.

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 adviser for more information.