Foreign National Loans
A Foreign National loan is designed for non-U.S. citizens and non-permanent residents who want to purchase or refinance property in California or Texas. Because most foreign national borrowers don’t have a U.S. credit history or standard U.S. income documentation, this program uses alternative ways to verify your finances so you can qualify.
ALOAN Mortgage LLC’s Foreign National loan program highlights:
– Purchase financing up to 70% loan-to-value (LTV), with loan amounts up to $2,000,000
– Cash-out refinancing permitted, up to 65% LTV
– Minimum DSCR of 0.75
– A CPA letter or employer letter accepted in place of standard U.S. income documentation
– Only 1 credit reference and 1 bank reference required
– Gift funds are permitted toward your down payment
– Reserves held in overseas accounts are allowed
If you’re a foreign national investor or homebuyer interested in California or Texas real estate, contact us at 832-877-8309 or aloanmortgage@gmail.com to see how we can help.
