Foreign Nationals
Foreign National Program
Are you a foreign national looking to buy a home in Florida? We offer foreign national mortgage loans with no credit required and a 25% down payment. We understand that it can be difficult to qualify for a mortgage if you are not an American citizen or if you do not have a credit history in the United States. However, our foreign national mortgage loans make it possible for you to buy a home in Florida, even if you do not meet the traditional lending criteria.
A Foreign National mortgage loan is a type of loan available to borrowers who are not citizens or permanent residents of the United States. Borrowers must have one of the following visas: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P-1, or P-2, or reside in a Visa Waiver Program country. Borrowers must also live and work in their home country, and cannot live or work in the US.
To qualify for a Foreign National mortgage loan, borrowers must meet the following requirements:
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They must qualify under the lender's ICF/DSCR program. This means that the property must generate enough cash flow to cover the mortgage payments and other expenses.
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They can only borrow against non-owner occupied residences.
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They can use the loan to purchase, refinance, or cash out on a property.
Foreign National mortgage loans can be a good option for borrowers who are not citizens or permanent residents of the United States, but who want to purchase or invest in real estate in the US. Foreign National mortgage loans can also be a good option for borrowers who have a good credit history and financial track record, but who may not have a traditional job or income.
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If you are considering a Foreign National mortgage loan, be sure to shop around and compare offers from different lenders. It is also important to have a pre-approval in place before you start shopping for a home, so that you know how much money you can borrow.
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If you are a citizen of another country, we offer creative foreign national loan products to help you purchase property in Florida.
Foreign National Loan Benefits
1 Day Approval
No US Credit Required
Up to 75% LTV - Full Doc
DSCR Up tp 70% CLTV
We do not require proof income from a US employer
6 Months Reserves Required
No Prepayment Penalty Options
Less Documentation
Second Home / Investment
No Mortgage Insurance Premium
Single Family / Condo / Townhouse
CPA Letter - Last 2 Years plus Year to Date
Can Close in LLC and Corporations
Minimum Loan Amount $100,000
Fast Closings
Low Closing Costs
Loan Amount up to $2 millions
Gift Funds Allowed
Closing in LLC
High DTI Ratios
Purchase / Refinance / Cash-Out
RON., Embassy closing available