What is a Foreign National Loan?

Foreign National Loans in Houston

You can invest in US real estate as a foreign national using a foreign national loan. A foreign national is a person who is visiting or temporarily living in the United States where they are not a citizen: and, they

  • were born outside the United States; and
  • are a citizen of another country; and
  • they have not applied to become a United States citizen or resident.

A loan to a Foreign National is not sold to Fannie Mae or Freddie Mac, nor is this loan backed up by the United ‘States Government either tacitly or directly. Thus, private investors determine the criteria for each Foreign National loan program; and, there are many options. Loan amounts can extend up to ten million dollars, or beyond.

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Foreign National Loan Quick Facts

Qualification for a Foreign National Loan can vary greatly from source to source. Although the items below are given, it can be important to contact us so that we can place you with the right set of requirements for your exact situation.

Up to 75% Loan To Value

ONE bank or credit reference letter

Loans up to Ten Million Dollars

US Credit report is not required

Generally, 12 months reserves are required

All documents must be translated by a certified translator

 Assets held in foreign accounts are eligible for reserves

Includes Primary or Second Homes and Investment Property

How much do you qualify for?

Texas Foreign National Loan Limitations

Texas Foreign National Loan Limitations Qualification for a Foreign National Loan can vary greatly from source to source. Although the items below are given, it can be important to contact us so that we can place you with the right set of requirements for your exact situation.

We can accept business assets as long as the business accountant indicates the use of such funds will not have a negative impact on the business.

Self employed business and CPA may be independently verified

Usually, the seasoning requirement for funds is 60 calendar days

Assets must be verified in U.S. Dollar equivalency at the current exchange rate via either www.xe.com or the Wall Street.

Qualifying is Easy and Simple.

1. How’s My Credit

2. Loan Options

3. Approval Process

4. Steps to Closing

1. How’s My Credit

2. Loan Options

3. Approval Process

4. Steps to Closing

Yes, you can qualify. We can help.

Qualification for a Foreign National Loan can vary greatly from source to source. Although the items below are given, it can be important to contact us so that we can place you with the right set of requirements for your exact situation.

In general, some of the visa types that are considered Foreign Nationals are:

  • B-1 and B-2
  • H-2 and H-3
  • I
  • J-1 and J-2
  • O-2
  • P-1 and P-2

Call us to check on your visa type, rules can vary greatly between funding sources.

Foreign National borrowers who do not have a SSN or ITIN may still proceed under some Foreign National LoanPrograms.

Commonly, for borrowers without a valid Social Security number, an Individual Taxpayer Identification Number (ITIN) is also allowed. An ITIN is acceptable if the borrower has the ITIN for purposes of reporting taxes from passive income sources only and is not employed in the U.S

Reference letters can be given as follows:

Either a bank reference letter indicating the borrower(s) has two years in good standing and currently active; OR

A credit reference letter indicating the borrower(s) has two years and its n good standing and active.

Also, a letter of recommendation from your colleagues or friends that character letter could be required.

Other home loans include:

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