Foreign National Program

A Foreign National mortgage loan is a loan done for a borrower that has one of the following visa: B-1, B-2,H-2,H-3, I, J-1, J-2, O-2, P-1, P-2 or resides in a Visa waiver country. Borrower must live and work in foreign country, cannot live or work in the US. The borrower qualifies under our ICF/DSCR program and qualifies just on how the property cash flows. The foreign national program includes non-owner occupied residences only. Purchase, refinance and cash out transactions.

News from the Blog:

Despite the slight rise at the start of the year, mortgage rates have been historically low. However, they are finally flattening since the bounce at the start of the year. After the recent coronavirus pandemic, rates were very low, but have reached new highs from year 2008 and experienced a slight drop.

Responding to the recent high inflation, mortgage rates are also increasing and reached their new highs in about 40 years, together with the increasing rates by the Fed system several periods this year, which is the first since 2018. Rates of interest were again bumped up by the Fed by about 0.75% point in July....... Read More

Foreign National Program Requirements:

• A foreign national must live and work outside the U.S. and cannot reside in the U.S.
• The maximum LTV IS 70%.
• 12 months reserves are required.
• 30-year fixed mortgage only.
• loan amounts up to $1,500,000 with a minimum of $75,000 offered