This specialized loan is offered to international buyers who are in need of financing for a residential property, but may not qualify for a traditional mortgage.
No FICO Available
Standard Maximum DTI 50%
Loans up to $3 Million
Purchase up to 75% LTV
Cash Out up to 65% LTV
No restrictions 2-4 Units, Condominium: Max LTV/CLTV 65%
12 months of PITIA reserves or 6 months with 5% LTV reduction and price adjustment
First Time Investor Allowed
Recent credit events allowed
Multiple financed properties allowed
The Foreign National program is designed for foreigners who live and work outside the US and would like to purchase a 2nd Home or an Investment property in the US.