Our Foreign National product offers borrowers who live outside the United States flexibility when purchasing or refinancing. This loan falls under our debt service coverage ratio product which means qualification is based on cash flow of the property instead of income. Our Foreign National loan is easy to do and quick to close for those who are eligible.
A Foreign National mortgage loan, also known as a foreign national loan or non-permanent resident alien loan helps non-residents of the United States purchase real estate here in the United States.
The foreign national program includes primary residences and/or vacation properties available to those who classify as resident aliens, achieve temporary status or permanent status, and typically have different requirements and interest rates than a standard Fannie Mae or FHA loan.
Yes, the Foreign National mortgage guidelines and requirements are different.
A foreign national must live and work outside the U.S. and cannot reside in the U.S.
A few additional requirements for the foreign national mortgage loan are:
Yes, it is possible that a larger down payment is required for a Foreign National loan, but the percentage will vary depending on the borrower’s specific financial circumstances.
Connect with one of our loan advisors to determine the LTV requirement.