The Foreign National program is specially crafted for international borrowers, offering them a clear path to financing in a foreign landscape. A Foreign National is a non-U.S. citizen authorized to live in the U.S. on a temporary basis but does not meet the definition of a Non-Permanent Resident Alien. To be eligible, the borrower must live and work in another country and be a legal resident of that same country. Borrowers can navigate the loan process seamlessly with comprehensive documentation. This program removes the barriers often faced by international applicants, ensuring they have the same accessibility and ease as local borrowers. It’s the perfect bridge for global clients seeking a foothold in a new financial environment.
Program features
- Loan Amounts From $150K to $3M
- First-Time Homebuyers and Investors
(DSCR) Eligible With Restrictions - 700 Min Score (U.S. Credit) or
Foreign Credit (No Score) - Max LTV:– Full and Alt Doc = Max 75% LTV– DSCR = Max 70% LTV
- 15-Year and 30-Year Fixed,
30-Year Fixed I/O - Second Home and Investment Property
- Purchase, Rate/Term and Cash Out
- Unlimited Cash Out LTV ≤ 55%
or Max $1M With > 55% LTV - SFR, PUD, Condo (Warrantable and
Non-Warrantable Only), Condotels,
2-4 Units, up to 2 Acres - Long-Term Rentals ≥ 1.00 DSCR,
Short-Term Rentals ≥ 1.15 DSCR - Documentation (Non-DSCR):– Full Doc: 2 Years – Alt Doc: Self-Employed CPA
Letter, Asset Utilization - Housing History 0x30x12
- Gift Funds and Interested Party
Contributions Options Available - Foreign Nationals Are Also Eligible
for the DSCR Multi & Mixed
Program (See Program Matrix for
Foreign National Requirements) - ACH Payment Set up Required
Contact Us Today! To learn more and start offering these exceptional options to your clients!
