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!
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