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Foreign National

Up to 75% LTV

No U.S. credit required

Loans up to $750,000

Foreign National clients can purchase an investment property in the U.S.

  • Minimum loan of $75,000
  • Fewer country restrictions
  • DTI up to 50% considered
  • Investment properties
  • Single family rentals, townhomes, condos, 2-4 units
  • No SSN or ITIN required
  • 12 months reserves required
  • Non-warrantable condos considered
  • Rates are 30-year fixed
  • Seller concessions to 3%


What is a Foreign National mortgage loan?
A Foreign National mortgage loan, also known as a foreign national loan or non-permanent resident alien loan helps non-residents of the United States purchase real estate here in the United States. The foreign national program includes primary residences and/or vacation properties available to those who classify as resident aliens, achieve temporary status or permanent status, and typically have different requirements and interest rates than a standard Fannie Mae or FHA loan.
Do Foreign National mortgage loans have different requirements?
Yes, the Foreign National mortgage guidelines and requirements are different. The terms are based on factors such as whether the borrower is a permanent resident alien or without lawful residency in the U.S. A few additional requirements for the foreign national mortgage loan is that 12 months reserves are required, non-warrantable condominiums are required, 5/1 ARM or a 30-year fixed mortgage, only loans up to $750,000 with a minimum of $75,000 offered and seller concessions are up to 2% only.
Do Foreign National loans require a higher down payment?
Yes, it is possible that a larger down payment is required for a Foreign National loan, but the percentage will vary depending on the borrower’s specific financial circumstances. The minimum down payment is usually 20% of the total purchase price of the property. This is also referred to as an 80% Loan to Value “LTV” loan.