A foreign national mortgage allows non-U.S. citizens to purchase property in the United States without permanent residency status. This specialized lending option opens doors for international investors and professionals seeking to establish a real estate presence in the American market.
These mortgages differ from traditional U.S. home loans in several key aspects:
- Designed specifically for borrowers who live and work outside the United States
- Higher down payment requirements to offset lending risks
- Flexible documentation requirements that accommodate international income sources
- Special underwriting criteria tailored to non-U.S. residents
Lenders carefully evaluate various factors including international credit history, foreign income sources, assets held in non-U.S. banks, visa status, and residency intentions.
The target audience for mortgage for foreign nationals includes:
- International business professionals
- Foreign investors seeking U.S. real estate opportunities
- Seasonal residents planning to own vacation homes
- Non-resident workers temporarily stationed in the U.S.
Why Choose Loankea for a Foreign National Mortgage
Loankea stands out in the foreign national mortgage market with flexible lending solutions and competitive terms. Our foreign national home loan program offers loan amounts up to $3M, accommodating diverse investment needs across different property types and locations.
Key Program Features:
- Maximum 70% LTV ratio
- 30-year fixed mortgage terms
- Purchase, cash-out, and rate-term refinance options
- DSCR program with 1:1 ratio on cash flow
Down payments start at 25% for foreign buyers looking to invest in U.S. real estate.
Additional Benefits:
- Wholesale interest rates
- Streamlined closing costs
- Fast approvals (7-15 business days)
- Customized mortgage plans
- Access to 150+ top mortgage banks
- Various loan programs including Full Doc, No Doc, and First-Time homebuyer options
Our streamlined digital platform guides international buyers through each stage of the loan process, from the initial consultation to final closing. Our lending team helps our clients gather needed documents and meet qualification requirements. We make U.S. property financing simple and efficient.
Eligibility Criteria for Foreign National Mortgages
Foreign National mortgage programs maintain strict qualification requirements to evaluate international borrowers’ financial strength and investment commitment in U.S. real estate. These specialized loans require applicants to meet specific documentation standards, income verification protocols, and asset requirements that differ from traditional domestic mortgages.
Primary Eligibility Requirements:
- Residency Status: Must be a non-U.S. citizen living outside the United States
- Valid Passport: Current and unexpired from country of citizenship
- Visa Status: Eligible visa types include B-1, B-2, H-2, H-3, or I
- Property Purpose: Investment properties only – no primary residences
- Down Payment: Minimum 25-30% of purchase price
- Credit History: No U.S. credit score required
Documentation Requirements
Personal Documentation:
- Valid passport
- Secondary government-issued ID
- Proof of legal residency in home country
- Two forms of contact information from country of origin
Financial Documentation:
- Bank statements from the past 2 months
- Proof of income from foreign sources
- Employment verification letter
- Tax returns from home country (if available)
Property-Related Documents:
- Purchase agreement
- Property insurance documentation
- Appraisal report
- Title insurance commitment
Additional Required Items:
- International background check clearance
- Proof of funds for down payment
- Documentation of assets and liabilities
- Letter of explanation for property investment purpose
Special Considerations
Foreign National loan programs accommodate real-world scenarios common among international investors:
- Assets can remain in foreign accounts
- Multiple currency types accepted for qualification
- Foreign self-employed income considered
- Business ownership documentation from home country accepted
Loan approval depends on the combined strength of these factors rather than traditional U.S. lending metrics. Loankea’s expertise in Foreign National mortgages ensures a thorough evaluation of each application, considering the distinct circumstances of international borrowers.
Programs for Foreign Nationals
Getting a mortgage as a 1099 contractor isn’t always easy. Unlike W-2 employees, contractors often face extra challenges like proving income stability and providing more documentation. MLOs should be ready to provide their 1099 clients with helpful advice on overcoming these obstacles during the mortgage application.
Our non-QM loan products feature distinctive benefits:
- No FICO Score Requirements – Alternative credit verification methods accepted
- Flexible DSCR Guidelines – 1:1 ratio consideration for rental income potential
- Investment Property Focus – Programs specifically structured for non-owner occupied properties
- Multiple Property Types – Including single-family homes, multi-unit properties, and condominiums
- Foreign Income Acceptance – Documentation from international sources welcomed
- Alternative Documentation – Foreign credit reports and bank statements accepted
These programs recognize the distinct circumstances of non-permanent resident aliens.
Borrowers can qualify through various means, including:
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What We Offer
Loankea’s foreign national mortgage program delivers tailored solutions for international investors seeking to purchase U.S. properties. Our comprehensive package includes:
Core Program Features:
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Financial Specifications:
- 12 months reserves (can remain in home country)
- Assets must be seasoned for 60 days
- 30-day minimum in U.S. FDIC insured bank
- ACH auto-payment setup
- No gift funds accepted
Loankea helps foreign nationals build U.S. real estate portfolios through simple and effective mortgage solutions. We understand international investment challenges and create custom solutions to help you achieve your property investment goals. Let us simplify the process while you focus on finding your ideal property.
