This loan is for Foreign Nationals that have a valid passport and visa. Must be strong borrower with no know blemishes and significant asset reserves. Income must be earned in the United States.
|Credit score:||Not required|
|Property type:||1 Unit, PUDS, Condos|
|Down Payment:||30% minimum|
|Loan to Value:||70% CLTV: 70%|
|Gift Funds||Allowed. minimum buyer contribution 10%|
|Closing cost:||Seller and/or lender can pay up to 6%|
- Condos must be Fannie Maw approved.
- No previous foreclosure if bankruptcy
- Non U.S Citizen with valid passport and visa
- Self Employed borrowers are permitted
- Allowed. No buyer contribution required at 50% down.
- 90 day seasoning for all assets – foreign or domestic
- International credit report required
- Minimum 24 mos. reserves with min. 12 mos. in a U.S account.
- Established borrowers with banking relationships
- Borrowers scrubbed against OFAC’s SDN list.
All program are subject to change at anytime without any further notice