Mortgages for Foreign Nationals and Visa Holders.
Jumbo Mortgages for International & US Domestic Borrowers
Lending in all 50 States.
We offer mortgages for foreign borrowers who are buying or remortgaging, both "True Foreign Nationals" and visa holders. Larger down payments may be required than in previous years, partly due to a global credit crunch, and tougher underwriting standards.
However, Foreign Nationals can take advantage of favorable exchange rates and lower interest rates, both in the US and internationally. Additionally, home prices are at their lowest levels in years.
In 2005, 1 out of 6 Florida purchases were completed by international buyers and foreign nationals who bought over 16% of the homes sold that year. The real estate industry, home builders, theme parks, hotels, restaurants, title companies and attorneys have come to depend on the foreign investor, as in other states. In the United States, 26.4% of all foreign national mortgages purchases were completed in Florida.
The approximately 74% or nearly three-quarters of remaining mortgages were written in other states, mainly California, Texas, Arizona, Nevada, New York, New Jersey, and other border and coastal states. Standard down payment is 30% to 50% down, depending on area and zip code.
Borrowers with certain work visas (L-1, H-1b, E-1) may be eligible for 80% to 90% financing, or better, depending on property location and type of visa. Visa mortgages are available in all 50 states.
Foreign National Financing Programs
- 90% CLTV financing, comprised of up to 50% first mortgage, up to a 40% seller-held second mortgage.
- Interest Only Offered on some product lines.
- Stated Income, Self-Certified Loans, No Doc mortgages
- 80% to 95% financing for visa holders, all 50 states and Washington, DC
10% Down Payment/Deposit Mortgages. Foreign Nationals may purchase with 10% down if the seller is willing and able to provide a second mortgage. While this is a unique program, please note that this assumes your seller holds sufficient equity in the subject property and is agreeable to also acting as a lender or a "bank".
90% CLTV financing for foreign nationals available in the following states, subject to geographic restrictions:
Please call 001-954-288-2700 or email: ForeignNational@aol.com for a quote.
