Foreign National Loans
Our Foreign National Loans offer non-citizen residents who have the qualifications, resources,
and motivation to purchase a second home, vacation home or investment property in the
United States have helped propel domestic real estate markets in tough times. We offer
different rates and terms designed to put home ownership in reach for qualified non-citizen
seeking to put down roots in the United States. Our programs offers flexibility, fewer restrictions
and our signature stability and service that sets us apart from other lenders.
BELOW ARE TWO OF THE FIVE MOST POPULAR PROGRAMS.
Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts
highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees
of any kind expressed or implied that your loan we be approved.
© 2007 - 2020 1st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I
Our Foreign National Loan Application is for non-citizen residents who have the qualifications
and resources to purchase a home or invest and would like for us 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.
•
Lawful permanent resident aliens. If we determine that you enjoy lawful "permanent
resident alien" status, the FHA will insure the mortgage under the same terms and conditions
as it does for U.S. citizens. This means that we can finance your home in the U.S. with as little
3.5% down, and do not even need to have a credit rating in the U.S. to be eligible. Documents
that function as evidence of lawful permanent residency are issued by the Bureau of Citizenship
and Immigration Services (BCIS, formerly the Immigration and Naturalization Service) within the
Department of Homeland Security. You have to produce these documents when applying for
your FHA mortgage.
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Non-permanent resident aliens. Those on work assignments in the U.S. can buy homes too.
The FHA will insure a mortgage made to a "non-permanent resident alien" if the property will
be the your primary residence, you have a valid Social Security number, you have earned a
satisfactory two-year credit history, and you can produce an Employment Authorization
Document issued by BCIS showing that you are eligible to work in the U.S. If your authorization
is set to expire within one year, and a prior history of residency status renewal exists, as direct
lenders we are allowed to assume that continuation will be granted. If this is your first year in
the U.S. and there are no prior renewals, our underwriters will have to determine the likelihood
of renewal based on information from the BCIS.
Foreign Nationals Can Have Trouble Coming Up with Credit Scores – No Problem
One challenge faced by foreign nationals is the that their American credit history is likely to be
minimal. At Florida Direct Lenders, we can work with you even if you have a thin file. We
provide guidance on 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.
If you would like us to pre-qualify you, please complete click the Get Approved Now button
below and one of our senior loan officers will contact you to discuss program options.
ASK US ABOUT OUR FHA FOREIGN NATIONAL LOAN PROGRAM
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans programs including
Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement Loans, No-Doc Loans,
Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank Statement Loans or “stated loans”
requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA, USDA and Conventional loan types
Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 * (407) 300-2558 * Fax (877) 401-9955
We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106
When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.
Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts
highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees
of any kind expressed or implied that your loan we be approved.
© 2007 - 2018 1st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I
No Income Verification Required Foreign National Loans
That right! We now offer a “stated income” Foreign National Loan Programs. More
specifically, we do not verify the borrowers income! The borrower simply states their
income on the loan application.
Program Highlights
50%LTV 5.625% $150k - $1 mil
60%LTV 5.875% $150k - $1 mil
70%LTV 6.125% $150k - $1 mil
Income: Stated (No Income Verification)
Identification: Only a Valid Passport
Credit: International credit report or letter of good standing from current financial institution
Reserves: No
Pre-Payment Penalty: No
Property Types: Second Home & Investment Property
Terms: 5/1 ARM - 30 year Amortized Payment
We also offer a 75% LTV program that requires additional financial documentation
If you would like us to pre-qualify you, please complete click the Get Approved Now button
below and one of our senior loan officers will contact you to discuss program options.
BASIC LIST OF DOCUMENTATION REQUIRED FOR OUR PLATINUM PROGRAM
1. Current American visa and passport in country of origin
2. Last month's bank statement from all accounts
3. Last month's credit card statements of all active accounts
4. If you are an independent employee, a letter signed by a Public Accountant indicating the
entry of 2016 and 2017. (The letter must be on Accountants letterhead including address,
telephone number and email address}. You must also send a copy of the professional
accountant's license.
5. If you are employed, letter on letterhead of the employer indicating salary, occupation and
start date as well as the last proof of payment of your payroll
6. A letter issued by the US bank where it says the balance to date. You must have enough
money to cover the initial (40% down payment}, closing costs and 12 months' reserves. The
reserves can be in your country of origin.
7. If you have a purchase contract. We require a copy of the deposit check of the contract. If the
deposit to buy is transferred via wire transfer, all documents of the wire must be sent and a
copy of the bank statement where the money came from.
8. Copy of a bill of water, light or telephone with the name of the borrower and current address
in their name.
If you would like us to pre-qualify you, please complete click the Get Approved Now button
below and one of our senior loan officers will contact you to discuss program options.
Florida’s Top Rated Mortgage Lender I We are Not Brokers
48 Programs I No RETAIL Brokers Fees I GET QUOTE
800-655-1345 I ALL LOAN INQUIRIES CALL 407-300-2558