What is a foreign national?
Foreign nationals are not United States citizens, they will not qualify for Fannie, Freddie and FHA mortgages, so lenders that offer them mortgages typically either keep them in portfolio or sell them into the secondary market.
What are some types of foreign national?
$100,000 to $750,000 loan amounts with limited documentation
Up to 70% LTV, no prepayment penalty, five-year fixed rate, interest-only payments
Documentation: valid passport, letter from financial institution and verification of domicile in the U.S.
Owner-occupied, vacation homes and non owner-occupied homes, condos and townhomes
Private money financing of non owner-occupied 1-4 units, multifamily, land and for construction.
60 days’ sourcing and seasoning of assets
Income verification letter from employer or CPA accepted
No ratio foreign national loans. No U.S. credit nor U.S. visa required.
Portfolio loans for foreign borrowers, no credit score required, maximum 50% LTV
Foreign investor and foreign-owned U.S. businesses eligible for fix and flip, buy and hold and refinance