Owning a home is considered a pivotal part of achieving the American Dream – not only for US citizens...
Owning a home is considered a pivotal part of achieving the American Dream – not only for US citizens, but also for residents who live in the country and have not acquired their official citizenship. Investor guidelines and regulations can make the home buying process more complicated for these individuals. However, there are programs and products that can help those achieve their dream of homeownership. Mortgage Master has financing options available for non-resident aliens, foreign nationals, and citizens of countries other than the U.S.A. Please check out some of the information below that will assist you in your path to buying or refinancing.
Foreign Nationals
A Foreign National is defined as a borrower that is living outside the US, lacking a social security number, credit history or employment history with filed tax returns. A true Foreign National is a borrower that will not be living in the United States and is buying a second home or investment property.
Product Eligibility
- Maximum LTV’s up to 65% allowed for a true foreign national
- Expanded LTVs allowed with an International Credit Report
ExPat Program
ExPat Program is available for a foreign borrower that will be moving to the US and can go to 80% LTV up to $1.5 million for a primary residence. Borrower needs an offer letter of employment to be pre-approved and they can be approved subject to a valid Visa and Social security number.
Product Eligibility
- If living within the U.S. a valid Visa is required
- If not living within the U.S. it may or may not be required depending on the country of origin