FHA and Investor Specialist

Foreign National Mortgage Loan Programs: investment in the US Economy is not a new thing.  Foreign investors have long bought our debt in the form of Treasuries and most recently mortgage obligation debt.  A new trend is Foreign National purchasing secondary homes in the US, judging by the hits I receive at This link on  My Site . Please contact me for more details on this program.  Providing loan for Foreign Nationals is a great potential niche for any lender and a great niche for a Real Estate Salesperson as well.  This is a referred product offered by a referral partner. Limited lending area, primarily the New York Metropolitan Area and other select markets.  Here are some brief highlights for a loan program I can currently refer clients to for Foreign National Mortgage loan Programs as well as some basic documentation requirements:  

- 30-50% down required. Please refer to the state by state listing below.

- Rates are available in the mid 6% range for most programs.

- Proof of closing funds required 30 days prior to settlement.

- Copy of valid passport from issuing Country.

- Bank information for automatic payment withdrawal, Attorney In US to act on clients behalf.

- Income, Employment verification may be required for true Foreign National.

Updates:

Here is a quick snapshot of the current lending parameters by state:

California - Max 70% LTV
Colorado - Max 70% LTV
Connecticut - Max 60% LTV Metro New York Area
Florida - Max 70% LTV
Hawaii- Max 60% LTV
Nevada - Max 50% LTV
New Jersey - Max 60% LTV Metro New York Area
New York - Max 60% LTV
Washington State- Max 60% LTV
Oregon - Max 70% LTV

Other states may be available on a case by case basis.  Please review the amount of down payment required and the down payment amounts you have prior to looking at homes.  Other guidelines may apply to qualify for financing, including income documentation.

These loans are available for purchases, refinances, and cash-out refinances.  Documentation requirements may vary on each program and the rates are much better than hard money or private money rates.  This Foreign National Loan Programs designed for those living abroad and looking to purchase a true second home or investment property in the US.  It is not designed for those currently living in the US without proper documentation.  Please contact me for details.

This is a great program, however, it is NOT designed for those living and working in the US illegally.  It is a true Foreign National Loan Program.  Again, this provides a great program for Foreign Nationals.  Happy selling!

*Rates and Terms can vary by date.  Not a Commitment to Lend.  Please contact me  for more details. Limited State Availability and subject to referral partner lender guidelines.