Greg & Lorena S. were an expat couple looking to make a purchase despite a very unusual financing situation; working with Ethical Homes, they were able to buy a great home with a mortgage that didn’t penalize them for their unique finances.

They were coming to the U.S. for nine months of training at the State Department before their next post abroad, and were hoping to purchase a home that would be convenient for them while they were in training but that they could rent out once they went to their next post. Finding a mortgage was going to be difficult, though: Lorena was a Colombian citizen with no credit history in the U.S., Greg had been abroad for so long that he had almost no recent credit history, and both of their incomes would be dropping while they were in training and going back up again once they got to their next post, so the other lenders that Greg & Lorena had spoken with didn’t think that they would be able to make a purchase. Ethical Homes worked with Greg & Lorena before they even got to the U.S. to help them understand their options and the homes that would best fit their needs, and to find a terrific mortgage that gave them a great rate despite their unusual situation. And once they got into town, one of our expert buyer agents was able to find them a home just a block from the State Department facility where they would be in training–after just one day of searching!

Greg & Lorena say:

A friend at the Embassy referred us to Ethical Homes, and we began working with Sweth when we were still several months away from moving back to the United States. With a couple of interviews, he had arranged for an internet search of properties that might interest us, as well as providing a number of very creative financing options for us. This advance planning allowed us to make the best use of our time after we returned. In fact, it only took us one day to find the property we now live in! During the period when we were purchasing the home, Ethical Homes continued to work with us to make sure we understood all of our options, dealing with both the seller and the financing aspects of the purchase. Because of our extended time outside the country, and our plans to leave again this summer, I know that our questions about financing required a lot of creativity. Ethical Homes found a great solution that works extremely well for us, and Sweth stayed on top of our lender to make sure that closing went seamlessly. The most outstanding parts of our experience with Ethical Homes were without a doubt the responsiveness and flexibility we got at every step of the way. From taking quite a lot of time with us at the beginning of the process, when we were not even in the country, to running numbers time and time again to make sure we understood what different changes would mean to us both immediately and down the line, Ethical Homes made us comfortable with our decisions both on the property we picked and on how we financed it. I’d recommend their services strongly.

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Tags: arlington, first-time, fso, mortgage, purchase, testimonial, virginia