Foreign National Mortgage Loans

A Foreign National Mortgage is a loan offered to individuals who are Non-U.S. Citizens, including those without a Social Security number, such as non-residents of the United States. If you are not a US citizen and reside in another country but want to invest in US real estate and purchase a residential property, a foreign national loan might be a good option for you.

Can foreigners get mortgage in the US?

Yes, foreigners can get a mortgage in the United States even if you don't have a green card. This is called foreign national loan program.

What Is a Foreign National Loan Program?

A foreign national loan program is a type of mortgage designed specifically for individuals who are not U.S. residents or citizens to purchase or refinance a home in the United States. These loans are designed for people who don't live or work in the country, and are intended to purchase a residential property.

Eligible Property Types for Foreign National Mortgage Loans

• Single-family homes.
• Investment properties.
• Condos and town homes.
• Vacation homes.
• Multi-family properties.

Key Features

• Loan amount: up to $10 million or more.
• 20% or more down payment is required.
• Loan terms: ranging from 15 years to 30 years, allowing borrowers to spread out their repayments over a longer period of time.
• Foreign National Mortgage Loans do not require a U.S. credit history.
• Foreign National Mortgage Loans may accept a variety of sources of income, including income from foreign employment, rental income, and other sources.
• Borrower's personal and financial information, including passport, proof of income, and proof of employment might be required.
• Up to 75% LTV Financing Purchases/Rate & Term Refinance
• Up to 70% LTV Cash Out Refinance

Types of Mortgages for Foreign Nationals and Non-Residents

1) Foreign National Loans:We offer a variety of loan options for foreign nationals through our non-QM loan programs.

• Full Documentation
• DSCR - Debt Service Coverage Ratio loans
• Interest Only loans

2) ITIN loans: allow non-citizens who don't have a Social Security number to apply for a mortgage in the U.S.

3) Permanent Resident Alien Loans: There is a wide variety of conventional loans and non-QM loans are available for non-citizens permanently living in the U.S. who are green card holders.

4) Non-permanent Resident Alien Loans: Non-permanent resident aliens are individuals residing in the US for a specific purpose and defined period, usually under visas like H1-B, L-1, or other work-related visas. There too have a wide range of loans available to them such as full documentation loans, bank statement loans, DSCR loans, interest only loans and asset-based loans.

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