Foreign National Program

A foreign national mortgage is a type of loan that is designed to help individuals from other countries purchase property in the United States. A foreign national is a citizen of another country who is living for the short term in the United States.

Foreign National Program may provide the right loan solution for borrowers who visit the United States frequently but do not have U.S. citizenship. Foreign National expands borrowers’ purchasing options, including up to $2M in funding.

Option 1 – Alternative Documentation

• FICO not required, 620 if available
• Credit reference letter in lieu of credit report
• Purchase/Rate and Term Loan amounts from $100K up to $2.5M
• Cash out up to $2.0M
• LTV / CLTV to 60%
• 15 and 30 Year Fixed, 5/1, 7/1, 10/1 ARMs
• DTI up to 50%
• Conforming, high balance and jumbo loans for borrowers who own multiple financed properties
• Standard Fannie Mae full income and asset documentation required
• Condominiums allowed – FNMA eligible
• Interest Only available on ARM Loans*
• No payment shock requirement
• Accept Visa Waiver Program where applicable

*All states (including DC) are eligible except OH.

Option 2 – Asset Qualification

• For borrowers with unique situations

Option 3 – Investor

• Qualified based on subject property cash flows
• Designed for real estate investor
• No income or employment stated or verified
• FICO not required, 620 if available
• DTI not calculated