Foreign National Loan Application is for non-citizen residents who have the qualifications and resources to purchase a home or invest and would like to pre-approve their loan amount, quote rates and terms before making a full commitment to move forward with little or no documentation for with quick, easy approval.
Non-Citizens Can Buy and Finance Real Estate in the US Easily. If you are not an American citizen but want to purchase a house here, at Florida Direct Lenders, we can offer foreign national mortgage programs, which work very much like standard U.S. loans -- except that the required down payment is generally larger about 25% However, you may have another alternative. Foreign nationals can also qualify for FHA mortgages. When you indicate on your mortgage application that you hold something other than U.S. citizenship. In this case we will ask to examine additional documentation and determine your residency status.
One challenge faced by foreign nationals is the that their American credit history is likely to be minimal. It is important how to construct a credit report from your payment history with utility companies, landlords and any other accounts requiring regular payments. It costs more to get a credit report of this type, but it can make a mortgage and home ownership possible. If you are using non-traditional credit, it's more important for you than for U.S. citizens to be prompt with your telephone, rent and electricity payments -- your mortgage approval may depend on it
Key Highlights· Borrow up to $3,000,000 per property
· Rates starting in the 4's
· No Pre-Payment Penalty
· Up to 75% loan-to-value financing
· Eligible properties: single-family, condos and townhouses
· Loans are manually underwritten
· Self-employed okay
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Phone: (239) 777 - 0005
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