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Foreign National Loan Overview:
What is a
Foreign National Loan?
Documents you'll need
Benefits of
Foreign National Loan
Requirements of Foreign National Loans
Apply today!
What is a Foreign National Loan?
A foreign national loan is a U.S. mortgage designed for non-citizens or overseas investors, allowing them to purchase American real estate without a U.S. credit history. These loans often use alternative underwriting (like asset verification or DSCR) and cater to buyers seeking investment properties, second homes, or relocation financing.
The Documents you will need:
The Documents
you will need:
Unexpired Proof of Identification
Drivers License, Passport, Visas, etc.
Most recent 30 days of asset statements
To show enough funds for down payment, closing costs and reserves.
Curernt Mortgage statement
For primary residence (if applicable)
Entity Docs
Articles of Incorporation, Operating Agreement, Tax Identification Number, Certificate of Good Standing
Proof of Income & Employment
A recent quote for the subject property.
Buy U.S. Real Estate Without Citizenship or U.S. Credit
Designed for global buyers, this program offers competitive rates with flexible qualification—using international income, 30-40% down payments, and alternative credit review. Whether you’re investing or relocating, discover how our cross-border mortgage solutions streamline the process from pre-approval to closing.
Benefits of a Foreign National Loan
Streamlined Qualification Process
DSCR loans emphasize the performance of the investment property, allowing borrowers to avoid complex personal income documentation. This makes the process quicker and less invasive.
Flexible Eligibility Criteria
These loans are ideal for self-employed individuals, seasoned investors, or those with non-traditional income sources. Personal income isn’t the focus—it’s all about the property’s cash flow.
Scalable Financing
Whether you’re buying your first rental property or expanding an existing portfolio, DSCR loans provide scalable solutions tailored to investment growth.
Competitive Loan Terms
DSCR loans often come with attractive terms, including competitive interest rates and flexible down payment options, making them an excellent choice for long-term real estate investments.
Versatility
From single-family homes to multifamily properties and commercial real estate, DSCR loans can be used for a wide range of property types.
Requirements for a Foreign National Loan
1. Property Cash Flow
The property’s DSCR must meet or exceed the lender’s minimum requirement, often around 1.0 or higher. A DSCR of 1.25, for example, indicates that the property generates 25% more income than needed to cover debt service.
2. Down Payment
Most lenders require a down payment of 20% to 25%, depending on the property type and borrower’s profile.
3. Credit Score
While DSCR loans are property-focused, a minimum credit score (usually around 620-680) is typically required to demonstrate financial responsibility.
4. Property Appraisal
A professional appraisal is necessary to confirm the property’s value and potential income, ensuring it aligns with the lender’s standards.
5. Reserves
Lenders often require reserves, such as six months’ worth of mortgage payments, to demonstrate financial stability.
6. Rental Income Documentation
For existing properties, you’ll need to provide rental income documentation, such as leases or a rental history. For new purchases, projected rental income estimates may be required.
Interested in Foreign National Loans?
A Foreign National loan can be an excellent fit for investors who:
Prioritize property cash flow over personal income.
Want a faster, more straightforward approval process.
Plan to grow their portfolio of income-producing properties.
Have a strong understanding of real estate market dynamics.
Take the Next Step
Ready to leverage the power of a Foreign National Loan for your business purpose investments? Contact us today to learn more about how this innovative financing option can help you achieve your real estate goals. Let’s build your future, one property at a time!