In the constantly changing landscape of mortgage lending, it is crucial to understand the unique needs of your diverse clientele. We are excited to introduce the Foreign Nationals Loan Program, designed specifically for Foreign Nationals looking to invest in the U.S. property market.
Our innovative product is designed to make it easy for you to assist your international clients. It allows qualifying borrowers to use earnings from their home country, along with tangible assets or projected rental income from their U.S. investment properties.
Key Features of the Foreign Nationals Loan Program:
- Loan amounts ranging from $150,000 to $2,000,000.
- Flexibility with 12 or 24 months of business or personal bank statements for documentation.
- Consideration of a two-year history for major financial setbacks such as foreclosure, short sale, bankruptcy, or deed-in-lieu.
- Options for both purchase and refinance strategies, including cash-out and rate-term refinances.
- Coverage for a wide range of properties, from second homes to non-owner occupied units.
- Various loan structure options, including 30-year fixed and adjustable rate mortgages, with interest-only choices for up to ten years.
- Ability to finance non-warrantable condos.
- Acceptance of a minimum credit score of 640 for those with a U.S. social security number or no score with satisfactory foreign credit records.
- Benefits for cash-out refinancing, with up to 70% Loan To Value.
- Opportunities for cash-in-hand, while respecting LTV limits.
As a leader in the non-QM lending industry, we are dedicated to providing solutions that meet the diverse needs of our client base. The Foreign Nationals Loan Program demonstrates our commitment to providing you with the tools necessary for us to efficiently serve our international clients.
