Embark on your journey to international homeownership with our Foreign National Mortgage Program, offering tailored solutions for buyers beyond borders.
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Foreign Nat Loans
For International Buyers
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620+ Fico
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90% Max Cltv
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Terms Available: 30yr, 20yr, 15yr, 10yr
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Full Doc
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Max loans to $750k
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Max Combined Loan to $3 Mil
FOREIGN NATIONAL LOANS
FOREIGN NATIONAL LOANS
Foreign National mortgage loans offer financing options to non-citizens seeking to purchase property in a the U.S..
LOAN PROGRAM DETAILS
Typical guidelines for Foreign National loans for Owner Occupants.
Docs
Full
Credit Score
620
LTV
90%
Max Loan
$3 Mil+
Features of Foreign National
Owner Program
- Tailored Financing
- Competitive Rates
- Flexible Terms
- Streamlined Process
- Expert Guidance
Benefits of Foreign National
Owner Program
- U.S. Homeownership
- Financial Accessibility
- Diverse Investment Opportunities
- Long-term Stability
- Personalized Support
FOREIGN NATIONAL OPTIONS
GOVERNMENT
Prime
Fannie / Freddie
In today’s ever-changing financial landscape, the 30-year fixed mortgage remains a popular choice for homeowners seeking predictable payments and long-term stability.
BENEFITS
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680+ Fico
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0% down payment
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30yr, 15yr fixed
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Full Doc
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$726,000 – $1.396 mil
GOVERNMENT
Prime Credit & Assets
Jumbo/Super Jumbo
Jumbo and Super Jumbo loans are a type of mortgage designed to finance high-value properties that exceed the conforming loan limit set by Fannie Mae and Freddie Mac.
BENEFITS
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700+ Fico
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10% down payment
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30yr, 15yr fixed
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Full Doc w 12 Months Reserves
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Loans to $3 Mil+
GOVERNMENT
Prime Credit & Assets
Investment & 2nd Homes
Investment and second homes can be a smart financial decision, but securing financing for these types of properties can be challenging.
BENEFITS
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700+ Fico
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20% down payment
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30yr, 15yr fixed
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Full Doc w 12 Months Reserves
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Loans to $3 Mil+
Understanding Foreign National Mortgages
Foreign national mortgages are specialized loan products designed to assist non-citizens in purchasing real estate within the United States. These mortgages provide an opportunity for individuals from other countries to invest in property and own a home in a different location.
Who Are They Typically For?
Foreign national mortgages are typically for individuals who:
- Reside outside the United States but intend to purchase property within the country.
- Do not have citizenship or permanent residency status in the United States.
- Seek to invest in real estate for personal use, vacation homes, or investment purposes within the United States.
- Have sufficient financial resources to qualify for a mortgage in the United States.
Qualifications and Guidelines
While qualifications and guidelines for foreign national mortgages may vary between lenders and countries, there are some common requirements:
- Valid Passport: Borrowers typically need a valid passport from their home country.
- Visa or Legal Status: Some lenders may require borrowers to have a valid visa or legal status in the United States.
- Proof of Income: Borrowers must provide documentation of their income, such as tax returns or bank statements, to demonstrate their ability to repay the mortgage.
- Down Payment: Lenders often require a larger down payment for foreign national mortgages compared to loans for residents. The exact amount varies but can range from 20% to 40% of the property’s purchase price.
- Reserve Funds: Some lenders may require borrowers to have reserve funds equivalent to several months’ worth of mortgage payments as a safety net.
- International Credit History: Establishing credit history in a foreign country can be challenging for non-citizens. Some lenders may accept alternative forms of credit verification, such as letters from international banks or proof of rent payments.
Typical Qualifications
Foreign national mortgages typically require borrowers to meet the following qualifications:
- Proof of identity and residency status in their home country.
- Stable income and employment history to demonstrate financial stability.
- Sufficient funds for the down payment and closing costs.
- Good credit history or alternative forms of credit verification.
- Compliance with local laws and regulations regarding foreign property ownership and financing.
Meeting these qualifications can increase the likelihood of approval for a foreign national mortgage and facilitate the process of purchasing property within the United States.
Learn more about Foreign National loan options today!
Mortgage Calculator
FAQS
What is a mortgage loan for foreign nationals purchasing owner-occupied properties?
A mortgage loan for foreign nationals purchasing owner-occupied properties is a type of home loan designed for non-U.S. citizens who wish to buy a primary residence in the United States. These loans allow foreign nationals to finance the purchase of a home for their own occupancy.
How does a mortgage loan for foreign nationals differ from traditional mortgages?
Mortgage loans for foreign nationals differ from traditional mortgages in that they are specifically tailored to meet the needs of non-U.S. citizens purchasing homes in the United States. These loans may have different eligibility requirements, documentation standards, and down payment amounts compared to traditional home loans.
What are the benefits of a mortgage loan for foreign nationals purchasing owner-occupied properties?
Mortgage loans for foreign nationals offer several benefits, including the ability for non-U.S. citizens to buy a home in the United States, potential investment and appreciation opportunities, and the ability to establish a residence for personal or family use.
Who is eligible for a mortgage loan for foreign nationals purchasing owner-occupied properties?
Eligibility for a mortgage loan for foreign nationals is typically based on factors such as creditworthiness, income stability, down payment amount, and visa status. Borrowers must also meet the lender’s specific eligibility criteria for foreign nationals.
What types of properties are eligible for mortgage loans for foreign nationals?
Mortgage loans for foreign nationals can be used to finance various types of owner-occupied properties, including single-family homes, condominiums, townhouses, and certain multi-unit residential properties intended for personal occupancy.
How much funding can foreign nationals receive through a mortgage loan?
The amount of funding available through a mortgage loan for foreign nationals depends on factors such as the borrower’s financial profile, down payment amount, property value, and the lender’s specific loan programs and requirements.
What is the typical term for a mortgage loan for foreign nationals?
The typical term for a mortgage loan for foreign nationals varies depending on the lender and the specific loan product. Loan terms may range from a few years for short-term financing options to several decades for long-term fixed-rate loans.
How do foreign nationals apply for a mortgage loan for owner-occupied properties in the United States?
To apply for a mortgage loan as a foreign national purchasing an owner-occupied property in the United States, borrowers should contact lenders or mortgage brokers specializing in loans for foreign nationals. They will need to provide documentation of their income, assets, visa status, and other relevant information. The lender will review the application and determine the loan amount and terms for which the borrower qualifies.
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