We strongly recommend that you get pre-qualified when thinking of purchasing a home or investment property in the US Virgin Islands. Such a letter is essential for a few reasons when buying in the USVI.
First, inventory on island is limited and often times there can be multiple offers on a home as soon as it hits the market - you need to be ready to strike when your dream home finally surfaces.
Second, very few realtors will want to spend their precious time with a client that has not been vetted by a trusted local lender….and you want your realtor to be confident when they go to bat for you.
Lastly, many homes in the USVI are purchased by cash buyers so you want to be able to compete against those offers – the best way to do that is through a letter from Virgin Bay Mortgage.
It is your best defense and offense on-island where inventory is very limited, and cash is king. The first offer is usually the offer that is accepted, so make sure that you are ready and your offer is backed by Virgin Bay Mortgage.
If you are thinking of buying in USVI, reach out to Virgin Bay Mortgage today - we've been lending for over 30 years and we understand what it takes to get a deal done on island. We can get you pre-qualified the same day of receiving your application and complete set of documents. Be prepared and give your realtor the confidence they need to get you the home you want. Apply now and get pre-qualified today!
Call us today at 1-340-714-0033
