Depending upon the particular circumstances, financially speaking, of the borrower, many veterans have considered the prospect of purchasing homes in other countries. The problem with this idea is that there are serious policy obstacles in the way. Basically, the Veterans Administration does not allow veterans to obtain mortgages for homes or other properties outside the United States. Yet, this is not an absolute policy since there are some stipulations or exceptions to note.
The VA allows you to buy homes or other real estate in so-called “American territories and possessions.” If you are not familiar with these regions, they include Puerto Rico, Virgin Islands, American Samoa, Guam, as well as the Northern Mariana Islands. All of normal procedures and rules for obtaining a VA mortgage apply in these areas. Of course, it does not hurt to contact a representative from the VA to learn more about any other types of requirements of conditions that relate to local laws in these territories.
