What is Foreign National Lending?
Fintech Mortgage Association has many loan options for foreign nationals through our non-qm / non-agency loan programs. Here are some highlights to consider if you are a foreign national investing in U.S. real estate:
- Second home and investment properties
- Loans to $5 million
- Non-warrantable condos eligible
- Debt service coverage ratioloans available for investment properties
- Unlimited cash out
- No US FICO required*
- Visa required or visa waiver. (VISA Types Allowed: B-1, B-2, H-2, H-3, I, J-1, J-2, 0-2, P-1, P-2, TN NAFTA, Laser Visa)
- No credit events (foreclosure, short sale, bankruptcy) for at least 3 years.
- Borrowers from OFAC Sanctioned countries prohibited
* Foreign National Borrowers without Qualifying U.S. Credit (Including borrowers without a valid Social Security Number and borrowers with or without an Individual Tax Identification Number (ITIN)) must provide evidence of three (3) active and open trade-lines with a 2-year history. No derogatory credit history is permitted. ANY combination of the following is acceptable to arrive at the trade-line requirement…
- Trade-lines evidenced via a U.S. credit report; AND/OR
- Trade-lines evidenced via international credit report; AND/OR
- Trade-lines evidenced via a credit reference letter from a verified financial institution in the borrower’s country of origin
Foreign national loans are also often referred to as ITIN loans and non-permanent resident alien loans.
The Fintech Mortgage Association Experience
At Fintech Mortgage Association you can expect transparency and open communication, a knowledgeable team of industry experts and a customer-centric team working together to make your home buying experience effortless and exciting. We are fast and efficient, closing most of our purchase loans in 30 days or less.
Fintech Mortgage Association will offer the right loan tailored to you (VA, FHA, Conv, Jumbo and much more).Contact us for more information on your mortgage loan needs.
Any questions? Our Loan Officers would love to answer any of your questions on our conventional loans and get you pre-qualified today! Try our 1 minute Quick Qualify App. Discover Your Score HERE