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Foreigners generally cannot obtain a mortgage from local Thai banks to finance the purchase of their Thailand property investment. Most of the financial institutions in Thailand provide loans for real estate purchases to Thais and Thai Companies.here are generally two other options available to foreigners to finance their Thailand house or condo purchase. Historically, many foreign buyers had taken a mortgage against their property in their home countries. This is more difficult than ever given the economic crisis, yet still an option for some.
1 However foreigners generally cannot mortgage properties in Thailand. 2  In fact, mortgage lending by local banks to foreigners was virtually unheard of in Thailand. 3  Nonetheless, in recent years we have seen a slight shift in policies to allow foreigners limited access to financing.here are some important criteria to qualify a foreigner to access bank loans are as follows; 1  At least a 1-year work permit or a Thai resident permit. 2  A letter of employment indicating their years of service in Thailand and their annual salary.