Investing in the United States real estate market is a wise and straightforward way to get your money working for you, and many people are shocked to learn how easy it can be. In fact, due to the nature of lending laws, non-U.S. citizens may have more income and asset verification options than American nationals.
How do you do it? How can you invest in a stateside property if you’re not an American citizen or don’t have U.S. credit or a social security number? The answer is simple: Partner with a foreign national loans broker like ForeignNationalLoans.com.
Yes! It’s Possible to Invest in the United States Real Estate Market With a Lot Less Than You May Think
At first consideration, many non-U.S. citizens assume the road to purchasing a stateside home would be prohibitively arduous. In many cases, however, the opposite is true. Non-U.S. residents frequently have a smoother time getting approved for commercial and residential mortgages because they have more leeway with qualifying loan parameters.
For example, when applying for a foreign national loan, non-U.S. citizens can often:
- Use income and employment verifications from their home countries
- Apply refinancing cash-out proceeds to any reserve requirements
- Use projected rental income as part of income calculations
Moreover, foreign nationals looking to invest in the United States real estate market typically don’t need a U.S. credit history or social security number to secure a deal.
Non-QM Loans: The Path to Foreign National Home Ownership in the United States
Non-qualified loans – popularly referred to as “non-QM loans” – are lending products used by people who don’t meet traditional lending requirements. Common options include:
- P&L Loans: The “P” and “L” stand for “profit and loss statement.” These mortgage products are designed for people without a W-2, including self-employed individuals, small business owners, and housing investors.
- No Ratio Loans: Borrowers aren’t required to disclose their debt-to-income ratios with no ratio loans. Instead, lenders look at an applicant’s credit history and assets compared to the value of the property in question.
- DSCR: With DSCR mortgage loans, lenders calculate a property’s income-to-debt ratio to predict whether a loan candidate can make their payments.
Do You Need Help Securing a Foreign National Mortgage Loan? The ForeignNationalLoans.com Has Helped Countless Non-U.S. Investors
Whether you’re interested in a stateside income property or personal residence, the foreign national loan experts at ForeignNationalLoans.com can walk you, step by step, through the process of securing a non-U.S. citizen loan. They’ll analyze your exact situation and develop a seamless plan to make your U.S. real estate dreams a reality.
Call ForeignNationalLoans.com for more information today. We’re ready to help you finance a foreign national loan with flexible terms at competitive rates!
