mrow wrote:Should be <sarcasm>fun</sarcasm> to see how it all goes down in 3 years or so when we apply for a mortgage overseas in the Bahamas for our vacation home. Anyone here actually have experience getting a mortgage overseas while still a US citizen? We'll probably apply through Scotiabank, a Canadian bank that is big down there, so hopefully it won't be too bad.
I have experience going the other way, applying for credit (and mortgages) in the US while not a US citizen.
I have had some banks refuse me credit due to my citizenship status (Bank of America in the late 1990s comes to mind, after six months on a secured credit card they wouldn't live up to their end of the bargain and give me a secured one due to that,) but it is rare.
More commonly, banks care about requirements unrelated to citizenship. In the US, those would be things like having an SSN and associated credit file, showing proof of (legal) employment to document income, and for a mortgage, they'll want proof that you're here on a long-term/permanent visa rather than just a tourist visa (although here in Florida, it's not unheard of for Canadians or Europeans in tourist status to get mortgages for a vacation home.)
I would imagine the Bahamas is similar; although ScotiaBank and other Bahamian lenders no doubt deal with expats all the time, they'll want to see proof of income, legal status in the Bahamas etc. It may not be a bad idea to contact them NOW so they can help you figure out what they'll want when you're ready to apply.