Foreign National Loan Requirements
The Foreign National Loan has very particular requirements compared to other typical programs. Learn more below to see if you can use this option when purchasing a property in the US.
Up to $2.5 Million
Loan values are permitted up to $2.5 Million USD.
No Credit Score
Borrower is not required to have a FICO score.
No Social Security Required
Borrower does not need a social security, green card or visa.
Overview of this Loan Program for Foreigners
This program permits non-permanent United States residents purchase an investment property or second home. This program is great for foreign citizens because it does not require a social security, visa or green card.
Furthermore, full documentation and/or asset qualification will help the borrower qualify for this program. There are 30 or 15 year fixed options for this product. And it is also available to self-employed borrowers.
Now, using this product is not solely for purchasing. It also can be used for refinancing or doing a cash out refinance on the property.
Additional Benefits of this Program
There are additional pros of going with this program when purchasing your home.