Foreign National Program

Up to 75% LTV, No MI

This mortgage product is for Foreign Nationals wanting to purchase or refinance a 2nd home or investment property in the United States. The Foreign Nationals Loan Program allows you to qualify borrowers using income from their country of origin and liquid assets or projected rental income on investment properties.

Loans up to $2,000,000 with a minimum of $150,000
12 or 24 months business or personal bank statements
Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
Two years self-employed required
Purchase and cash-out or rate-term refinance
Second homes and non-owner occupied
30 Year fixed or 5/6 ARM with 10 year Interest Only available
Non-warrantable condos allowed
Minimum score 640 if borrower has US social security number. No score with acceptable foreign credit
Cash-out up to 70% LTV
Max cash in hand $500,000 with LTV restrictions