Foreign National Mortgage Loan Programs
Designed for non-U.S. citizens who want to purchase a property in the United States.
Foreign National Mortgage Loan Highlights
- Loan amount: Foreign National Mortgage Loans can offer loan amounts up to $10 million or more, depending on the lender and loan type.
- Loan terms: Foreign National Mortgage Loans are typically available with loan terms ranging from 15 years to 30 years, allowing borrowers to spread out their repayments over a longer period of time.
- No U.S. credit history required: Foreign National Mortgage Loans do not require a U.S. credit history, making them accessible to non-U.S. citizens who have not established credit in the U.S.
- Acceptable sources of income: Foreign National Mortgage Loans may accept a variety of sources of income, including income from foreign employment, rental income, and other sources.
- Document requirements: Foreign National Mortgage Loans may require documentation of the borrower's personal and financial information, including passport, proof of income, and proof of employment.
- Down payment: Foreign National Mortgage Loans typically require a down payment of 20% or more, although some lenders may offer loans with lower down payments.
- Higher interest rates: Foreign National Mortgage Loans may have higher interest rates compared to traditional loans, due to the higher risk associated with lending to foreign nationals.
Foreign Nationals can still invest in the USA via a variety of Non-QM financing progams. These programs are typically limited to 75% LTV Max.
Current Foreign National Loan Programs
- Up to 75% LTV Financing Purchases/Rate & Term Refinance (Put 25% or More in Down Payment on Property)
- Up to 70% LTV Cash Out Refinance
- Program Types:
- Full Doc (Verified Income for Borrower)
- DSCR (Debt Service Coverage Ratio for Rental and Income Properties Qualify Based on the Rental Income Generated from Property NOT the Borrower’s income)
- Eligible Property Types: Single Family Homes, Condos, Multi Family 2-4 Units, Short Term Rentals
- Eligible Loan Types: Interest Only, 30 Year Fixed, 5/1 ARM, 7/1 ARM
- Max Loan Amount: $2,000,000
- Reserves Required: 12 Months PITI
- Assets Seasoned 60 Days Minimum
- Occupancy: Investment Properties
- Title: Individual or LLC/Corporation
Programas actuales de préstamos para extranjeros
- Financiamiento de compras de hasta 75% LTV / Refinanciamiento de tasa y plazo (ponga un 25% o más en el pago inicial de la propiedad)
- Refinanciamiento hasta 70% LTV Cash Out
- Tipos de programas:
- Documento completo (ingresos verificados para el prestatario)
- DSCR (Relación de cobertura del servicio de la deuda para propiedades de alquiler e ingresos que califican según los ingresos de alquiler generados por la propiedad, NO los ingresos del prestatario)
- Tipos de propiedades elegibles: viviendas unifamiliares, condominios, multifamiliares de 2 a 4 unidades, alquileres a corto plazo
- Tipos de préstamos elegibles: solo interés, fijo a 30 años, ARM 5/1, ARM 7/1
- Monto máximo del préstamo: $ 2,000,000
- Se requieren reservas: 12 meses PITI
- Activos sazonados 60 días mínimo
- Ocupación: Propiedades de inversión
- Título: Individual o LLC / Corporación
Foreign National Loan Program Terms:
- Up to 75% LTV Purchase
- Up to 70% LTV Cash Out
- No FICO Required
- DSCR Loan - No Employment or Income Verification
- Close in US Based LLC or Entity
- Up to $3M Loan Amount
- DSCR Values from 0.00 and Up
- Short Term Rental Income Eligible
