Your Guide to Buying U.S. Real Estate

Foreign National Loan Program Highlights

Foreign National loan programs are a specialized type of Non-QM (Non-Qualified Mortgage) financing designed to assist non-U.S. citizens in purchasing or refinancing properties within the United States. These loans are a vital tool for international investors and individuals looking to own a second home in the U.S.

• Eligibility: To qualify, borrowers typically need to provide a valid foreign passport and visa. Lenders also look for a satisfactory international credit history and the ability to demonstrate income and repayment ability through asset verification or other means.
• Property Types: These loans can generally be used to finance investment properties and second homes, including single-family homes, condos, and multi-unit properties.
• Down Payment (LTV): The down payment requirement is typically higher than for domestic loans. Lenders often require a down payment of 25-30% or more (Maximum LTV of 70-75%).
• Income and Asset Verification: Documentation requirements are flexible. Lenders may use asset statements, letters from employers, or bank statements to verify a borrower's financial standing, rather than requiring U.S. tax returns.

It's important to note that specific program details can differ among lenders. Working with a mortgage broker experienced in Foreign National loans is crucial to navigate the unique requirements and find the best financing solution for your investment goals.