Monday, January 21, 2019

Loan For Foreign Nationals...

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Good Morning!

Did you know we have a loan program for Foreign Nationals?

A Foreign National is someone who is neither a US Citizen, or a permanent resident.

Here are some aspects of the Foreign National program...

70% LTV for Second homes & Investment Properties Purchases ( 1 year full doc or asset depletion)

65% LTV Cash out transactions

If no US credit, minimum credit score is waived

Max loan amount is 5 million

Cash out okay for reserves

65%  LTV for our Investor No ratio, rental income not required  

Eligible properties: SFR, 1-6 unit, warrantable/non-warrantable condos, & mixed use

5 yr, 7 yr, and 30 yr fixed terms with 10 year interest only payment option

That's it for today!

Have a great day, and thanks for reading!

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