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.
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| Credit score: | Not required |
| Property type: | 1 Unit, PUDS, Condos |
| Occupancy: | Investment |
| 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% |
| Debt Ratio: | 35/45% |
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Additional Notes:
- 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