by Kathleen Blanchard:
The only risks a bank must address in dealing with lending to a non-US citizen (outside of any BSA considerations) are differences between the length of time the person will be in the US vs the length of the loan, making sure the bank is well collateralized because of the difficulty in collecting from someone who returns to their home country and similar concerns.
In this case, it seems that the spouse is a US citizen and resident, which would mitigate much if not all of that concern.
by John Burnett:
You should also be aware of any state law eccentricities that might affect the real estate collateral. In at least one state, if a non-resident alien owns real estate and leaves the U.S., abandoned property laws could affect the lender's security.
by John Burnett:
You should also be aware of any state law eccentricities that might affect the real estate collateral. In at least one state, if a non-resident alien owns real estate and leaves the U.S., abandoned property laws could affect the lender's security.