OUR PRODUCTS

FOREIGN NATIONAL LOANS

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What is a Foreign National Loan Program (FNLP)?

A Foreign National Loan Program (FNLP) is designed to provide financing to non-U.S. citizens who want to purchase property in the United States. This program caters to international buyers interested in owning real estate in the U.S. for various purposes, such as vacation homes, investments, or other personal uses.

Since foreign nationals often lack the same documentation or credit history as U.S. citizens, these loan programs are tailored to meet their specific needs. While certification of income from the country of residence is required, applicants do not need to have an established credit history in the U.S. to qualify.

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TYPES OF PROPERTIES

We offer residential, commercial, investment, and property refinancing loan programs.

  1. Vacation home
  2. Investment Property
  3. Commercial Property
  4. Condos/Hotels/Shopping Centers
  5. Multifamily (from 1 to 100 units)
  6. Warehouses
  7. Refinancing of properties including cash out
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PROGRAM DETAILS

  • Minimum Down Payment of 25%
  • Maximum Debt to Income Ratio: 50%
  • Fixed term for up to 40 years
  • Fixed rates for 3, 5, and 7 years, amortizable up to 40 years
  • A cash reserve for 12 months is often required; gifts from relatives are allowed.
  • From $100,000 up to $25,000,000
  • Free pre-qualification
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requirements

  • For self-employed borrowers: Income and Expense reference letter prepared by a certified accountant.
  • For employees: Income Verification Letter
  • Bank Reference or Credit Reference Letters
  • Copy of valid and unexpired passport and Visa
  • Proof of address (any utility bill is accepted, such as electricity, gas, water, and phone)
  • 2-month Bank Statement from an account in the country of residence. It can be a personal or business account where the borrowers have a minimum of 25% ownership interest.
  • Two-month bank statement history showing enough funds to close and reserves. Must be in an acceptable bank account in the USA before closing.
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who can apply?

  • Individuals with B1 – B2 USA Tourist Visa
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What Interest Rates apply?

  • Rates are subject to market change and depend on the borrower’s profile and loan parameters such as loan amount, loan program, and type of property.

To apply contact a mortgage advisor

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