Foreign National Program: Investment Opportunities for International Borrowers

Navigating the U.S. real estate market can be daunting for foreign nationals, but with the right mortgage program, investment opportunities are well within reach. Our Foreign National Program is designed to simplify the process, offering tailored solutions to meet the unique needs of international borrowers.

Understanding the Foreign National Program      

The Foreign National Program caters specifically to borrowers who do not reside or work in the United States. This program allows foreign nationals to purchase or refinance investment properties, making it an ideal option for those looking to diversify their investment portfolio with U.S. real estate.

Key Features and Benefits:

1. Flexible Financing Options:

• Loan Amounts: Up to $2,000,000

• Loan-to-Value (LTV): Up to 75% for purchase and rate/term refinance; up to 65% for cash-out refinance

• Minimum Loan Amount: $125,000

1. Qualification Based on DSCR:

• The Debt Service Coverage Ratio (DSCR) must be greater than or equal to 1.00, ensuring that the property's income covers the debt obligations.

1. No U.S. Credit Score Requirement:

• Borrowers without a U.S. credit score will be underwritten based on a 680 FICO score for eligibility purposes, though no LTV/FICO adjustments will apply.

1. Eligible Properties:

• 1-4 unit investment properties, including warrantable condos and PUDs (Planned Unit Developments).

1. Simplified Income and Asset Verification:

• No need for traditional income verification. Qualification is based on the cash flow generated by the investment property.

• Funds for closing must be transferred to a U.S. bank account prior to closing.

Who Can Apply?

Eligible borrowers for the Foreign National Program include:

• Individuals residing and working in a foreign country.

• Borrowers from countries participating in the U.S. Visa Waiver Program (VWP) are not required to provide a visa.

• Borrowers must provide a valid and unexpired passport, visa, or I-797 form with valid extension dates and I-94.

Documentation and Requirements:

1. Identification:

• Valid and unexpired passport.

• Valid and unexpired visa (if applicable) or an I-797 form with valid extension dates and I-94.

1. Asset Documentation:

• Source and document funds for the transaction for the most recent 60-day period.

• Foreign asset statements must be translated into English and converted to USD.

1. Property Requirements:

• Properties must not exceed 20 acres.

• Ineligible properties include mixed-use, agricultural, and unique properties such as log homes and manufactured housing.

Why Choose the Foreign National Program?

Investing in U.S. real estate through our Foreign National Program offers numerous advantages:

• Diversification: Add valuable U.S. properties to your investment portfolio.

• Stability: U.S. real estate markets provide a stable and secure investment environment.

• Potential Returns: Benefit from the potential appreciation of U.S. property values and rental income.

Our program is designed to make the process straightforward and accessible, ensuring that foreign nationals can confidently invest in U.S. real estate.

For more information on the Foreign National Program and how it can benefit your investment strategy, contact us today at 602-628-1231 or email us at info@allapprovedhere.com. Our team of experts is ready to guide you through every step of the process.