Buying property in the United States is a significant financial undertaking involving a standardized sequence of legal and financial steps. The process typically takes between to complete. Core Financial Requirements

: A deposit of 1% to 3% is usually required when your offer is accepted.

Before searching for property, you must establish your budget and secure financing.

Buying property in the US as a foreigner (UK guide 2026) - Wise

: Essential for proving to sellers that you are a serious buyer. Typical Costs :

: Ranges from 3% to 20% for residents. For non-residents, lenders often require 30% to 50% . Closing Costs : Typically 2% to 5% of the purchase price.

: Lenders generally look for a credit score of 620+ and a debt-to-income (DTI) ratio below 43% . The Buying Process: Step-by-Step