Can a non-resident obtain a loan to purchase property in France from a French Bank?
Yes. In order to obtain a loan, you must: (i) open a bank account with the lending bank in France; (ii) present (a) proof of qualifying income; (b) proof of residence (e.g., phone/ electric bill); (c) bank statements from your current bank; (d) income tax returns for at least the prior year; and (e) a valid passport. What is the minimum down-payment that French banks generally will accept? 10% of the purchase price. How long does it take to obtain approval for a loan from a French bank? Approximately 3-4 weeks. How do I know the price is right? For an official estimate, contact the Chamber of Property Experts in Paris (address below) to obtain the contact information for their expert nearest to the property you wish to have surveyed. (Surveyors do not exist in France.) Chambre des Experts Immobiliers de France 129, rue du Faubourg St Honor, 75008 Paris. Tel. 01 53 76 03 52 How much do you have to add on the top of the selling price for closing costs? There are two different cases (beca
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