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Foreign National

Maximum LTV of 70%

Maximum LTV of 65% for cash out

No Foreign or U.S. credit needed

This mortgage product is for foreign nationals wanting to purchase or refinance a home in the United States. 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.

  • Minimum loan amount of $75,000
  • Maximum loan amount of $1.5 million
  • A DSCR program with a 1:1 ratio on cash flow
  • Assets sourced and seasoned for 60 days - must be in a U.S. FDIC insured bank for a minimum of 30 days
  • 12 months reserves required and must be in a U.S. bank
  • ACH auto-payment is required
  • No sanction listed countries allowed and will not lend in Osceola County
  • Cannot reside in the United States
  • 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

FAQ's

What is a Foreign National mortgage loan?
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.
Do Foreign National mortgage loans have different requirements?
Yes, the Foreign National mortgage guidelines and requirements are different. A foreign national must live and work outside the U.S. and cannot reside in the U.S. A few additional requirements for the foreign national mortgage loan is that 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 and seller concessions are up to 3% only. ACH is required from a FDIC Bank for a monthly mortgage payment.
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. Contact an account executive at Angel Oak Mortgage Solutions to determine the LTV requirement.