{"id":3384,"date":"2019-01-19T17:45:32","date_gmt":"2019-01-19T17:45:32","guid":{"rendered":"https:\/\/dreamhomefinancing.com\/?page_id=3384"},"modified":"2019-01-21T06:56:27","modified_gmt":"2019-01-21T06:56:27","slug":"foreign-national-mortgage-lenders","status":"publish","type":"page","link":"https:\/\/dreamhomefinancing.com\/foreign-national-mortgage-lenders.aspx","title":{"rendered":"Foreign National Mortgage Lenders"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3392\" src=\"https:\/\/dreamhomefinancing.com\/wp-content\/uploads\/2019\/01\/Foreign-National-Mortgage-Lenders.jpg\" alt=\"Foreign National Mortgage Lenders\" width=\"950\" height=\"400\" srcset=\"https:\/\/dreamhomefinancing.com\/wp-content\/uploads\/2019\/01\/Foreign-National-Mortgage-Lenders.jpg 950w, https:\/\/dreamhomefinancing.com\/wp-content\/uploads\/2019\/01\/Foreign-National-Mortgage-Lenders-300x126.jpg 300w, https:\/\/dreamhomefinancing.com\/wp-content\/uploads\/2019\/01\/Foreign-National-Mortgage-Lenders-768x323.jpg 768w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 18pt; color: #000000;\"><strong>Foreign National Mortgage Lenders<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Foreign National Immigrants living in or visiting the United States may still have the ability to get a mortgage regardless as to whether they are US citizens. Foreign National mortgage lenders are providing mortgage programs for non-residents in all 50 states provided you can meet their guidelines.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 12pt;\"><strong>What is a Foreign National Mortgage?<\/strong><\/span><br \/>\n<span style=\"color: #000000;\">A<\/span> <a href=\"https:\/\/en.wikipedia.org\/wiki\/Foreign_national_mortgage\" target=\"_blank\" rel=\"noopener\">Foreign National Mortgage<\/a> <span style=\"color: #000000;\">is mortgage to a non-resident of the United States who is looking to buy real estate which is typically a second home. There are a limited number of foreign national mortgage lenders who provide mortgages due to the risk involved with lending to someone who is not a resident of the United States<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt;\"><strong>Residency Status Differences for a Mortgage<\/strong><\/span><\/p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #000000;\"><strong><span style=\"color: #99cc00;\">Foreign Nationals<\/span><br \/>\n<\/strong>A foreign national is someone who lives outside of the United States but wants to secure a mortgage for a home within the United States. No green card, social security card or work visa is required. They will not qualify for any of the government programs and only niche foreign national mortgage lenders can provide loans for foreign nationals.<\/span><\/p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #99cc00;\"><strong>Permanent Resident Aliens<\/strong><\/span><br \/>\n<span style=\"color: #000000;\">Permanent resident aliens can find a mortgage just like US citizens. They can even qualify for government programs such as <strong><a href=\"https:\/\/dreamhomefinancing.com\/FHAMortgageLoans.aspx\" target=\"_blank\" rel=\"noopener\">FHA<\/a><\/strong> and <a href=\"https:\/\/dreamhomefinancing.com\/USDAMortgageLoans.aspx\" target=\"_blank\" rel=\"noopener\"><strong>USDA<\/strong><\/a> loans. In addition to meeting the qualifications for those traditional mortgage programs, you will also need a green card and a social security number.<\/span><\/p>\n<p style=\"padding-left: 30px;\"><span style=\"color: #99cc00;\"><strong>Non-Permanent Resident Aliens<\/strong><\/span><br \/>\n<span style=\"color: #000000;\">Non-permanent resident aliens can also find financing. They do not need a green card but must have a social security number. You also must produce a work permit or work visa. You must verify that you will be able to work in the United States for at least another three years based upon the status of your permit and\/or work visa.<\/span><\/p>\n<p><span style=\"color: #000000; font-size: 14pt;\"><strong>Foreign National Mortgage Guidelines an Requirements<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">These are typical guidelines for most foreign national mortgage lenders. The guidelines change often and so do the requirements. After reading the page, complete our <a href=\"https:\/\/dreamhomefinancing.com\/LeadForm.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\"><strong>foreign national mortgage lender contact form<\/strong><\/span><\/a> and we will connect you with the right lender for\u00a0 your needs.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\"><strong>Employment Requirement<\/strong> \u2013 Lenders will require that you provide 2 years proof of income. Since you are not a US Citizen and do not have tax returns, the foreign national mortgage lender will most likely ask you to provide this proof based upon what is available in your native country. This will be a very important piece of documentation that you will need to provide.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Down Payment Requirement<\/strong> \u2013 The down payment requirement will vary based upon the lender and also your financial situation as well as your ability to provide documentation. The down payment requirement will range anywhere from 10% all the way down to 35%. You may need to transfer the down payment funds to a US based bank at least 30 days before closing.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Asset Requirements<\/strong> \u2013 In addition to the down payment, the lenders will ask you to verify all of your assets. This includes all bank statements, brokerage accounts and other real estate just to name a few.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Income Requirement <\/strong>\u2013 Foreign national mortgage lenders will ask you to document your income for the past two years. Since these are niche lenders, your debt to income requirement will be more lenient.<\/span><\/li>\n<li><span style=\"color: #000000;\"><strong>Credit Requirement<\/strong> \u2013 Determining your credit worthiness is difficult for foreign national mortgage lenders. The three traditional credit agencies most likely do not have any reporting for you since you do not have a social security number. They will need to look at any type of credit reporting which may exist in your home country, plus any other credit accounts that you may have open.<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000; font-size: 14pt;\"><strong>Tips on Qualifying for a Foreign National Mortgage<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Lenders are taking a significant risk providing a mortgage to an individual who is not living in the United States. To offset that risk, a good tip would be to provide as much documentation as you can. Put down as much as you can on your purchase. Show plenty of assets and income. Make sure that you do not have any negative credit situations which would make lenders nervous. Doing all of this will provide you with the best chance possible to get your foreign national mortgage.<\/span><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/dreamhomefinancing.com\/LeadForm.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\"><strong>Complete Our Foreign National Qualification Form<\/strong><\/span><\/a><\/p>\n<p><span style=\"color: #000000; font-size: 14pt;\"><strong>United States Foreign National Mortgage Lenders<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\">Here is a list of our 2019 top foreign national mortgage lenders. These are just a few with some key points about each. The best thing you can do is allow us to connect you with the one that fits you best by completing our <a href=\"https:\/\/dreamhomefinancing.com\/LeadForm.aspx\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #0000ff;\"><strong>foreign national mortgage inquiry form<\/strong><\/span><\/a>.<\/span><\/p>\n<p><span style=\"color: #000000;\">Meanwhile, here are just a few of the foreign national lenders and a few highlights for each:<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Axos Bank<\/strong> \u2013 They accept foreign credit reports<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">No SS# or Visa needed<\/span><\/li>\n<li><span style=\"color: #000000;\">Up to 65% Loan to value for a second home<\/span><\/li>\n<li><span style=\"color: #000000;\">Interest only mortgage is available<\/span><\/li>\n<li><span style=\"color: #000000;\">Seasoned assets required<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Angel Oak Mortgage <\/strong>\u2013 Angel Oak specializes in niche mortgage programs. They have a lower maximum loan amount for foreign nationals so this may not be the option for you if you are buying an expensive home.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Loan amounts up to $750k<\/span><\/li>\n<li><span style=\"color: #000000;\">High DTI requirements<\/span><\/li>\n<li><span style=\"color: #000000;\">All types of properties including investment<\/span><\/li>\n<li><span style=\"color: #000000;\">12 months cash reserves required<\/span><\/li>\n<li><span style=\"color: #000000;\">Fixed or adjustable rates<\/span><\/li>\n<li><span style=\"color: #000000;\">Seller concession also allowed up to 2%<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Compass Bank<\/strong> \u2013 They provide funding to foreign nationals for single family properties which also include condos.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Fixed and adjustable rates<\/span><\/li>\n<li><span style=\"color: #000000;\">Loans up to $2 million<\/span><\/li>\n<li><span style=\"color: #000000;\">Maximum loan to value ratio of 80%<\/span><\/li>\n<li><span style=\"color: #000000;\">Cash out refinances available<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Northstar Home Funding<\/strong> \u2013 Northstar specializes in many niche mortgage programs including foreign national. They do not require that you move your funds to the US prior to closing which is a plus. The one negative is they require you obtain a SS# or ITIN prior to closing.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Super jumbo available up to $5 million<\/span><\/li>\n<li><span style=\"color: #000000;\">All property types including condos are allowed<\/span><\/li>\n<li><span style=\"color: #000000;\">Investment properties allowed<\/span><\/li>\n<li><span style=\"color: #000000;\">LTV requirement up to 80%<\/span><\/li>\n<li><span style=\"color: #000000;\">12 months reserves required<\/span><\/li>\n<li><span style=\"color: #000000;\">Maximum DTI is 43%<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Quontic Bank<\/strong> \u2013 This lender has a much smaller area in which they will provide funding. It seems to be limited to NYC and Miami. They also require that you maintain 6 months of PITI (Mortgage payments) reserves in a Quontic Bank checking account.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">NYC and Miami area only<\/span><\/li>\n<li><span style=\"color: #000000;\">Can be self employed for at least two years<\/span><\/li>\n<li><span style=\"color: #000000;\">12 months of PITI required after closing<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>Community Mortgage Group<\/strong> \u2013 A small lender servicing Washington DC and Maryland<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Maximum loan amount of $750k<\/span><\/li>\n<li><span style=\"color: #000000;\">Offers both fixed and adjustable rates<\/span><\/li>\n<li><span style=\"color: #000000;\">Maximum DTI of 50%<\/span><\/li>\n<li><span style=\"color: #000000;\">Up to 75 LTV<\/span><\/li>\n<li><span style=\"color: #000000;\">Seller concessions up to 6% with a max LTV of 65%<\/span><\/li>\n<\/ul>\n<p><span style=\"color: #000000;\"><strong>ACC Mortgage<\/strong> \u2013 Licensed in a handful of states and specializing in helping with foreign national mortgages in the Washintgon DC area.<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">Purchases or refinances of primary, second home or investment properties<\/span><\/li>\n<li><span style=\"color: #000000;\">Self employed borrowers can qualify using bank statements<\/span><\/li>\n<li><span style=\"color: #000000;\">Must have down payment funds seasoned in the United States for a minimum of 30 days<\/span><\/li>\n<li><span style=\"color: #000000;\">Up to 75% LTV<\/span><\/li>\n<\/ul>\n<p><span style=\"text-decoration: underline; color: #000000;\"><span style=\"font-size: 14pt;\"><strong>Foreign National Mortgage Frequently Asked Questions<\/strong><\/span><\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>What is the foreign national residency requirement?<\/strong><\/span><br \/>\n<span style=\"color: #000000;\">Most foreign national mortgage lenders do not require that you live in the United States. The purpose of this mortgage is for non residents to be able to buy real estate in the United States.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Can I get an FHA loan as a Foreign National?<\/strong><\/span><br \/>\n<span style=\"color: #000000;\">None of the government or traditional Fannie Mae or Freddie Mac loans are available to foreign nationals. The only exception is permanent resident aliens can get an FHA loan, however then that really does not classify them as a foreign national and additional residency documentation would be required.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">Can a Foreign National get a<\/span> <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/dreamhomefinancing.com\/BankStatementLoans.aspx\" target=\"_blank\" rel=\"noopener\">Bank Statement loan<\/a><\/span>?<\/strong><br \/>\n<span style=\"color: #000000;\">The standard bank statement loans are not available to foreign nationals. However, there may be versions of the foreign national mortgage program that may allow you to qualify using bank statements instead of other forms of income documentation.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>What are the credit score requirements for a foreign national mortgage?<\/strong><\/span><br \/>\n<span style=\"color: #000000;\">Foreign nationals will not qualify using a US based credit report or credit scoring since it most likely has not been established. Foreign national mortgage lenders will accept foreign credit agency reporting or other non traditional credit verification. You will need to provide some kind of credit history to show the lenders that you have the ability to repay your debts.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong>Is a Foreign National Mortgage Better than an ITIN Loan?<\/strong><\/span><br \/>\n<span style=\"color: #000000;\">It is actually easier to get a mortgage with an ITIN number than it is as a foreign national without one.<\/span> <span style=\"color: #0000ff;\"><strong><a style=\"color: #0000ff;\" href=\"https:\/\/dreamhomefinancing.com\/ITINMortgageLoans.aspx\" target=\"_blank\" rel=\"noopener\">ITIN loans<\/a><\/strong><\/span> <span style=\"color: #000000;\">will often have a lower down payment requirement and the interest rates may be a little better. There are also more ITIN lenders doing business in more states than with Foreign National loans.<\/span><\/p>\n<p><span style=\"color: #000000;\">We can help you to <a style=\"color: #000000;\" href=\"https:\/\/dreamhomefinancing.com\/LeadForm.aspx\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"color: #0000ff;\">find a Foreign National mortgage<\/span><\/strong><\/a> in the United States. Most of our lenders will provide funding in New York, New Jersey, Connecticut, Washington DC, Maryland, Philadelphia, Miami Florida, California, Chicago and Texas. However, we can help you in all 50 states.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Foreign National Mortgage Lenders Foreign National Immigrants living in or visiting the United States may still have the ability to get a mortgage regardless as to whether they are US citizens. Foreign National mortgage lenders are providing mortgage programs for non-residents in all 50 states provided you can meet their guidelines. What is a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_kadence_starter_templates_imported_post":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[118],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/pages\/3384"}],"collection":[{"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/comments?post=3384"}],"version-history":[{"count":9,"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/pages\/3384\/revisions"}],"predecessor-version":[{"id":3395,"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/pages\/3384\/revisions\/3395"}],"wp:attachment":[{"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/media?parent=3384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/categories?post=3384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dreamhomefinancing.com\/wp-json\/wp\/v2\/tags?post=3384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}