Foreign National loans
A foreign national borrower is a person who does not work or reside in the United States; the borrower works and resides in a foreign country.
Program Highlights:
Up to 70% LTV Financing Purchases/Rate & Term Refinance (Put 30% or More in Down Payment on Property)
Up to 60% LTV Cash-Out Refinance
Program Types:
Full Doc (Verified Income for Borrower)
DSCR (Debt Service Coverage Ratio for Rental and Income Properties Qualify Based on the Rental Income Generated from Property NOT the Borrower’s income)
Eligible Property Types: Single Family Homes, Condos, Multi-Family 2-4 Units, Short Term Rentals
Eligible Loan Types: Interest Only, 30 Year Fixed, 5/1 ARM, 7/1 ARM
Max Loan Amount: $2,000,000
Reserves Required: 12 Months PITI
Assets Seasoned 60 Days Minimum
Occupancy: Investment Properties
Title: Individual or LLC/Corporation