Foreign National Mortgage

What is a Foreign National Mortgage

A Foreign National Mortgage is tailored to foreign nationals who work and live in foreign countries. These borrowers are looking to purchase a second home or investment properties in the United States. Foreign National Mortgages generally require larger down payments and possibly higher interest rates. These types of mortgages can benefit foreign borrowers looking to invest their capital in the U.S.

There are limited requirements for this product such as no social security number is needed, no U.S. based credit, or proof of residency in the United States. Borrowers can provide income verification by documenting tax forms filed with their home country or an official letter from their accountant. This product is limited to secondary residences or investment properties. It will not be an option for a primary residence.

Foreign National Mortgage Requirements

Foreign National Mortgage guidelines are very different than other mortgages. A foreign national must live and work outside of the United States. They cannot reside in the U.S. The borrower is able to use the properties proposed rental income to qualify or document their personal income from their home country. U.S. credit is not required for this program.

  • Identification: A copy of the borrower's unexpired passport will be required as well as a valid Visa to enter the U.S. If a visa is not available, there are additional options.
  • Credit Score: No U.S. credit score is required.
  • Proof of Employment: While some of our Foreign National products do require full documentation for income from the borrower’s home country, there are other options to document income. The proposed rental income may be used if the property is being purchased as an investment property. If the borrower is self-employed, the income verification could be as simple as a signed, verification letter from the borrower’s CPA.
  • Tax Returns: If tax returns are filed in the borrower’s home country, these may be provided to document the income necessary to qualify. The documents will need to be translated into English by a certified translator.
  • Other Financial Documentation: Verification of the borrower’s funds will need to be provided and moved to a U.S. based account before closing.
  • Down Payment: The amount needed for down payment with the Foreign National Mortgage is a minimum of 25% down. The down payment may be in the form of a gift.

There are other loan requirements depending on circumstance, please reach out to a loan officer for specific loan questions.

What is a Foreign National Mortgage
Foreign National Mortgage Requirements

What is a Hard Money Loan?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed tincidunt eu justo consequat facilisis. Interdum et malesuada fames ac ante ipsum primis in faucibus. Nullam vitae molestie lacus. Phasellus pulvinar lectus a congue ornare. Ut mollis mauris ac arcu posuere, id dignissim justo bibendum. Interdum et malesuada fames ac ante ipsum primis in faucibus.

Integer risus velit, interdum in mollis tincidunt, pretium nec risus. Curabitur varius nisl at quam egestas, ut sagittis odio finibus. Donec auctor imperdiet nibh, nec malesuada ante euismod vitae. Integer fringilla vitae enim vel mattis. Nunc sit amet tristique urna. Donec at purus eget quam finibus consequat. Donec tincidunt hendrerit velit id blandit.

Pellentesque convallis aliquet quam et cursus. Nulla nec orci et libero sollicitudin gravida.Nam placerat cursus nisl eget suscipit. Nunc lectus nibh, luctus ac nulla ultrices, aliquet tincidunt ipsum. Aenean ut consectetur ligula. Nunc nec rutrum libero, sit amet varius justo. In eu ipsum scelerisque, aliquam arcu et, tincidunt turpis. Suspendisse porta sapien eu semper condimentum. Suspendisse vehicula eros vitae erat interdum, a aliquet dolor consequat. Sed vel lacus ante. Nunc et risus vel lorem tempus scelerisque.

Nam vulputate, est laoreet placerat convallis, sapien magna tristique tortor, at tempor neque tellus at mi. Morbi arcu elit, commodo nec gravida convallis, venenatis sit amet lectus. Nulla quis nulla congue, dictum est in, porttitor est.

Hard Money Loan Requirements

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed tincidunt eu justo consequat facilisis. Interdum et malesuada fames ac ante ipsum primis in faucibus. Nullam vitae molestie lacus. Phasellus pulvinar lectus a congue ornare. Ut mollis mauris ac arcu posuere, id dignissim justo bibendum. Interdum et malesuada fames ac ante ipsum primis in faucibus.

Integer risus velit, interdum in mollis tincidunt, pretium nec risus. Curabitur varius nisl at quam egestas, ut sagittis odio finibus. Donec auctor imperdiet nibh, nec malesuada ante euismod vitae. Integer fringilla vitae enim vel mattis. Nunc sit amet tristique urna.

  • Lorem ipsum dolor sit amet, consectetur adipiscing elit.
  • Nunc nec rutrum libero, sit amet varius justo. In eu ipsum scelerisque, aliquam arcu et, tincidunt turpis.
  • Donec at purus eget quam finibus consequat.
  • Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Donec at purus eget quam finibus consequat. Donec tincidunt hendrerit velit id blandit. Pellentesque convallis aliquet quam et cursus. Nulla nec orci et libero sollicitudin gravida.Nam placerat cursus nisl eget suscipit. Nunc lectus nibh, luctus ac nulla ultrices, aliquet tincidunt ipsum. Aenean ut consectetur ligula. Nunc nec rutrum libero, sit amet varius justo.

In eu ipsum scelerisque, aliquam arcu et, tincidunt turpis. Suspendisse porta sapien eu semper condimentum. Suspendisse vehicula eros vitae erat interdum, a aliquet dolor consequat. Sed vel lacus ante. Nunc et risus vel lorem tempus scelerisque. Nam vulputate, est laoreet placerat convallis, sapien magna tristique tortor, at tempor neque tellus at mi.

Morbi arcu elit, commodo nec gravida convallis, venenatis sit amet lectus. Nulla quis nulla congue, dictum est in, porttitor est.

LET'S GET STARTED

Need assistance? We can help!

Get a
Quote