Foreign National
Our Foreign National Loan Program is tailored specifically for non-U.S. citizens who are looking to purchase or invest in property in the United States. This program accommodates the unique financial situations and documentation challenges faced by foreign nationals, offering a straightforward and flexible path to mortgage financing.
Key Features of the Foreign National Loan Program:
Eligibility for Non-U.S. Citizens:
- Available to foreign nationals who do not have a U.S. Social Security Number or established U.S. credit history.
- Suitable for both primary residences and investment properties in the United States.
Flexible Income and Asset Verification:
- Accepts various forms of international income and asset documentation, including foreign bank statements, employment verification from overseas employers, and international credit reports.
- Can use income from global sources to qualify, allowing borrowers to leverage their worldwide financial standing.
Simplified Documentation Requirements:
- Reduces the need for extensive U.S. financial documentation, focusing instead on verifying the borrower’s financial stability through international sources.
- Typically requires a valid passport, visa, or other proof of legal residency status, along with proof of income and assets.
Flexible Loan Terms:
- Offers a variety of loan term options, including fixed and adjustable-rate mortgages, to cater to different financial needs and goals.
- Provides competitive interest rates based on the borrower’s financial profile and the property’s value.
High Loan Amounts and Competitive Rates:
- Suitable for high-value properties as well as more modest investments.
- Offers attractive loan-to-value (LTV) ratios and interest rates tailored to the borrower’s financial health and asset base
Benefits of Choosing Our Foreign National Loan Program:
- Streamlined Process: Simplifies the loan approval process by focusing on international income and asset verification, reducing the need for extensive U.S.-based documentation.
- Enhanced Accessibility: Expands mortgage opportunities for foreign nationals who might not qualify under traditional U.S. mortgage programs, providing greater access to U.S. property markets.
- Tailored Solutions: Our experienced team works closely with brokers to provide customized mortgage solutions that address the unique needs of foreign national borrowers, ensuring a smooth and efficient loan process.
By leveraging our Foreign National Loan Program, brokers can offer their international clients a practical and efficient way to secure mortgage financing in the United States. This program ensures that more foreign nationals can invest in and enjoy U.S. real estate, regardless of their citizenship status or U.S. credit history.