Unconventional Mortgages and Loans (800) 718-8906

Unconventional Mortgages and Loans

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Non-QM Foreign National Mortgages

Foreign national mortgages provide an opportunity for non-residents to invest in real estate in a foreign country. However, the availability, terms, and conditions of these mortgages can vary significantly depending on the lender and the country where the property is located. It is essential to conduct thorough research, seek advice from mortgage specialists, and consult legal professionals to understand the specific requirements and options available for foreign national mortgages.

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Foreign National Borrower Eligibility

Foreign national mortgages are available to individuals who do not hold citizenship or permanent residency in the country where the property is located. The eligibility criteria may vary among lenders and countries, but typically include factors such as income, credit history, and down payment requirements.

Foreign National Non-QM Mortgages Key Features

Foreign national mortgages, also known as foreigner mortgages or non-citizen mortgages, are home loans provided to individuals who are not citizens or permanent residents of the country where the property is located. These mortgages are specifically tailored to assist non-residents in purchasing property in a foreign country.

Foreign National Investor Documentation Loan Structure

Foreign national mortgages may be offered as fixed-rate or adjustable-rate mortgages, depending on the lender. The loan terms and conditions, including the interest rate, repayment period, and down payment, will depend on the lender’s policies and the borrower’s qualifications.

Lenders typically require additional documentation from foreign nationals to assess their creditworthiness and ability to repay the mortgage. This may include a valid passport, proof of income and employment, bank statements, and sometimes a reference letter from a financial institution or employer.

Purchase Down Payment / Refinance Loan to Value

Non-resident borrowers are often required to provide a larger down payment compared to residents. The down payment percentage may vary depending on factors such as the borrower’s creditworthiness, the country’s regulations, and the lender’s policies.

Currency Considerations:

Foreign national mortgages may be available in the local currency of the country or in a foreign currency. It’s important to consider the potential currency exchange risks and fluctuations when choosing the mortgage currency.

Legal Considerations:

Purchasing property as a foreign national involves legal considerations, such as understanding the local laws, regulations, and taxes related to property ownership by non-residents. Seeking legal advice from professionals familiar with the specific country’s laws is advisable.

Foreign National Mortgages - No Income No Employment

No Ratio, DSCR loans are very popular among real estate investors including foreign nationals’ real estate investors, alike. No credit score solutions are also available. These loan programs do not require any documentation of any kind: No employment documentation and no income verification. Gift funds and Gift of Equity permitted; 5% borrower contribution and a minimum credit of 620 is required. 85% LTV available for purchase and 80% LTV with a 640-credit minimum. Reduce LTV by 5% for first-time investors. Eligible property types: Single family residences, condominiums (non-warrantable condos OK), 2 units, 3 units, and 4 units, unique properties OK. non-permitted additions OK, too. OK. Most real estate investor lenders only allow (as you probably know) for a maximum of financed properties 10, not this program. You can own unlimited properties. DSCR ratio down to .75 meaning rent on the subject property only requires 75% of market rents – super aggressive!

Easy Underwriter Guidelines for Diverse Credit Profiles

We have a variety of easy guidelines investment property mortgage loan programs up to 4 units available to foreign Nationals borrowers. Programs such as: Individual Taxpayer Number (ITIN), Debt Service Coverage Ratio (DSCR), Bank Statement Loans (6, 12, and 24 months), P&L Only (P&L) borrower prepared and unaudited) programs, Super Jumbo to $10,000 to 80% Loan-to-Value (LTV), Stand-Alone and piggy-back second mortgage programs. 40-year fixed rates with Interest Only options. Asset Utilization allowed either a stand-alone source of income or as supplemental income for discounted pricing. Gift funds allowed, requires minimum borrower contribution of 5%. 

Non-Qualified Mortgage Lending

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Alternative Income Documentation

Credit Score Tools

Credit Score Tools

Jumbo Bank Statement Mortgages

Bank Statement Loan Niches

Bank Statement Refinance Loans

One Month Bank Statement Loan

3 Month Bank Statement Loans