Tips for international relocation

Helpful Hints for International Transferees

Financial Eligibility:
Most lenders require that buyers have at least 10% to put down on the purchase of a home. If they have no U.S. credit, lenders require three letters of credit in the country in which you lived with a 24 month history. If you have good credit in the U.S. lenders can offer 100% financing. In addition, you will need to be employed with a U.S. employer. So you see it is pretty simple to purchase a home once you arrive.

Below you will find a list that can help prepare you for the necessary paperwork that most lenders require. It is a very good idea to have everything with you when you start your search as time is of the essence.

Typical Required Documentation:

Statement of income, bonus structure, title, length of time with company or starting date, on company letterhead. For new employees, a copy of your employment contract is helpful.
Letter from landlord or financial institution in departure city indicating prompt payment of mortgage or rent.
Letter from your banker stating you average monthly balance.
3 months credit card statements showing ability and willingness to pay debts in a timely manner.

Rental Buildings:
The approval process can take up to 1-7 days based on a credit check ($25-$50) and financial requirements. One-month rent is a standard payment for refundable security deposit.

Condominium Buildings:
The approval process can take up 10-30 days based on a credit check and individual owners requirements. Except application fees and move-in fees. Security deposits may exceed one month's rent.

Cooperatives:
The approval process can take 30-45 days. Prospective tenants must submit extensive personal and financial information, and interview with the Co-op board. Expect large application fees and move-in fees ($300-$500). Security deposit may exceed one month's rent.

International Settling In Services - Things You Should Do

We can provide you with an orientation and overview of our city. You may want to purchase a map for your own use just to find your way around.
Visit to Social Security office to begin process of securing Social Security number
Optional visit to Department of Motor Vehicles
Visit to local bank to open account
HELP ! How to get it when you need it—fire, police, hospital
Review of transportation options….subways, bus, taxis
Schools…private and public choices. Immunization requirements
Daily needs : drug store, grocery store, cleaners, laundry

Miscellaneous Information:

How to use a pay phone, tipping practices, venues for the arts, parks, weather, restaurants, delivery service, libraries
US holidays, cable and utilities, car rentals, insurance