Getting an Islamic Bank Loan? Now Look for The Best State to Live in

Once you’ve decided to get an islamic bank loan, you won’t need to worry about usury. Staying sharia compliant is a great way to enter the real estate market. We can help with our islamic loans structuring system. It’s the best way to stay within the boundaries of your faith and get the keys to your new house.

Once you’ve got the financial part out of the way, you need to decide where to live. That’s why we’ve taken the time to put together a list of the best states to live in.

Foremost States

Massachusetts is one of the foremost states on this list. Its population is well-educated and the life expectancy is over 80 years. As far as education goes, 44.5% of the residents in Massachusetts have a bachelor’s degree or one at a higher level. This statistic is important. That’s because Americans with college educations are able to qualify for various types of top-paying jobs.

In Massachusetts, a household has a median income of almost $80,000 per year. This is pretty impressive when you consider the average across America is $62,000 dollars.

Regardless of which state you select, our islamic loans are simple to use. Choose a property to get the process started and make a down payment. These usually range from between 10 to 20 percent. With our system, the title for the property goes to an independent trust.

Variations on an Islamic Bank Loan

The property itself is under a lease for up to 30 years. When the lease is paid off, the title reverts back to you.

First, get one of these islamic bank loans. Then decide where to live. That’s the fun part for a lot of people who know they don’t need to worry. The islamic loans we structure are sharia compliant. This can free up time for people to look through all the different geographic locations in the United State.

We suggest you take a look at Colorado. Several different features combine to make this state the second-best place to live in the entire country. There is a compelling reason. People who reside in Colorado live longer and enjoy healthier lives than other Americans. The average life expectancy throughout the U.S. is 79 years. However, if you live in Colorado, the number increases to 80.5 years.

Three States

Other factors help to make this state attractive. For instance, the poverty rate is the seventh lowest in the nation.

New Jersey is another option. This location ranks as one of the best three states to live in the entire Northeast. New Jersey has a rich population too. The annual household income here is over $81,000 dollars. This represents almost $20,000 over the average for other American locations.

Getting an islamic bank loan using our structuring methods can get you the keys to a house in any of these states.