Foreign National Loans

Foreign National Loans - 70% LTV

An individual would use this loan if they are considered a Foreign National in the United States. A Foreign National is a person who is not a citizen of the host country in which he or she is residing or temporarily sojourning. For example, a foreign national in Canada is someone who is neither a Canadian citizen nor a permanent resident of Canada



WHO QUALIFIES??

• 18 years or older
• Not a U.S citizen
• Not a green card holder


LOAN DETAILS



  UNDERWRITING DETAILS

INVESTOR A

INVESTOR B

INVESTOR C

CREDIT REQUIREMENT 

500 +  FICO SCORE

NO U.S. CREDIT SCORE REQUIRED

NO U.S. CREDIT SCORE REQUIRED

DEBT-TO-INCOME RATIO

ITIN#* =  50% MAX DTI
FOREIGN NATIONAL = NONE

NO DTI RATIO

NO DTI RATIO

 MAX LTV

ITIN#* LOAN = 75% LTV
FOREIGN NATIONAL = 75% LTV

UP TO 70% LTV

UP TO 75% LTV

ELIGIBLE PROPERTIES

SFR | CONDO | PUD | MULTI-UNIT(2-4)

SFR | CONDO | PUD | 5+

SFR | CONDO | PUD | MULTI-UNIT (8 unit max)

IDENTIFICATION

PASSPORT OR ITIN#*

 PASSPORT ONLY

PASSPORT

INCOME DOC REQUIRED

ITIN* # LOAN = FULL DOC FOREIGN NATIONAL = NO DOC

N/O/O = NO DOC

STATED INCOME OR
BANK STATEMENT ONLY

LOAN TERM RANGE

30 YEAR FIXED or
7/1 ARM*

6 month - 30 Year

1 year |2 Years | 4 Years

LOAN AMOUNT 

$100K - $3MM

$100K - $2MM
$10MM MAX ON BRIDGE LOAN

$100K – $5MM

MAX. LOAN ALLOWED

ITIN # LOAN = $1MM
FOREIGN NATIONAL = $3MM

ITIN # LOAN = $1MM
OREIGN NATIONAL = $2MM

$5MM

APPLICABLE STATES

CA, OR, CO, FL, TX

CA, OR, CO, FL, TX

AZ, CA, CO, FL, GA, HI, NC, NV, OR, SC, TN, TX, UT, WA

LOAN PURPOSE

PURCHASE | REFI | C/O*

PURCHASE | REFI | C/O*

PURCHASE | REFI | C/O* | REHAB

RESERVES

NO RESERVES REQUIRED

NO RESERVES REQUIRED

RESERVES REQUIRED

OCCUPANCY

O/O | N/O/O |
SECOND HOME

N/O/O ONLY

N/O/O ONLY

CLOSING TIMELINE

30 - 40 DAYS

30 DAYS

5-10 DAYS

           

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