Foreign National

For Foreign Nationals Purchasing in US

This mortgage product is for foreign nationals wanting to purchase or refinance a home in the United States. They must reside and work in their home country. This is a DSCR program with a 1:1 ratio on cash flow. This means that this loan is incredibly easy to do – no income or U.S. credit required to qualify.

Min Fico

70%

Max LTV

Loans up to

$1.5 million

with a minimum of $100,000

DSCR program with a

1:1 ratio

on cash flow

12 months’

reserves required and can remain in a borrower’s home country

Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
Investment property only
Cannot reside in the United States
Closing in a U.S. LLC entity permitted
Assets sourced and seasoned for 60 days - must be in a U.S. FDIC insured bank for a minimum of 30 days
ACH auto-payment is required
Not available in Osceola County
Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2
No gift funds allowed

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FAQ's

A Foreign National DSCR Loan is a Non-QM mortgage designed for borrowers who reside and earn income outside the United States. Qualification is based on the rental property’s Debt Service Coverage Ratio rather than U.S. employment or tax returns.

Eligible borrowers are non-U.S. residents purchasing or refinancing U.S. investment property. The program is designed for foreign investors seeking U.S. real estate exposure.

U.S. income and traditional U.S. employment documentation are not required. Qualification is based on property cash flow and program-specific credit review standards.

Debt Service Coverage Ratio is calculated by dividing gross rental income by the property’s total monthly debt obligation. A minimum 1.0 DSCR ratio is typically required.

The Foreign National program is limited to investment properties. Owner-occupied transactions are not permitted.

What is the benefit to originators who use Non-QM loan products?

Originators who utilize Non-QM offer a service that their competition may not offer. They become an expert and go-to for the Non-QM borrower. The benefit is increased referrals and business growth despite changes in the market. Continue to increase your volume each year regardless of fluctuating interest rates, tighter Agency guidelines, and a slowing refinance market.

Additional Program Options