Foreign National Loans
Foreign National Loans
Overview
Foreign national loans cater to non-U.S. citizens who wish to purchase real estate within the United States. These loans recognize that foreign nationals may not have Social Security numbers, U.S.-based credit histories, or other typical documentation, and adjust qualification criteria accordingly.
Why an Foreign National Loans
Foreign National Loans help non-U.S. residents purchase property in the United States. These loans allow international buyers to invest in real estate without needing a U.S. credit history. They typically require a larger down payment and may have higher interest rates, but provide a way for foreign investors to buy homes in the U.S.
For international buyers
No U.S. credit history required
Down payment starting at 25%
Financing for U.S. properties
Terms of 15, 20, and 30 years available
Who Qualifies?
Non-U.S. citizens with valid passports and visas, or other documentation proving their identity and legal entry.
Individuals able to show international credit references, bank statements, and other proof of income/assets.
Buyers who typically have larger down payments (often starting around 25%+).
Key Advantages
Opportunity for International Buyers: Enables individuals living abroad or newly relocated to the U.S. to invest in real estate.
Flexible Requirements: Lenders will often accept alternate forms of documentation (foreign credit reports, international bank references, etc.).
Asset-Based Underwriting: Sometimes lenders focus heavily on the borrower’s asset profile, such as substantial savings or overseas income.
Example:
A Canadian entrepreneur wants to buy a vacation home in Florida. With a robust financial portfolio in Canada and a 30% down payment, they can secure a foreign national loan without a traditional U.S. credit score.
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Contact information
Michele Albohn, +1865-346-6280 , [email protected], NMLS 1989021, America/New_York
576 S Foothills Dr, #1004, Maryville, TN 37801
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