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Foreign National Home Loans 2015

The great American Dream of homeownership is still alive and well in 2015, and it isn’t reserved exclusively for US Citizens!

Here’s a brief summary of Home Point Financial’s Foreign National & Nonpermanent Resident Alien Home Loan Program guidelines – updated January 2015:

  • Owner-occupied,  second home & investment properties
  • Programs offered:
    • 5/1 ARM Fully amortized and Interest-Only
    • 7/1 ARM Fully amortized
    • 10/1 ARM Fully amortized
  • Minimum Loan amount of $300,000
  • 60% Loan to value to $2,000,000 (Foreign National)
  • 70% Loan to value to $1,000,000 (Resident Alien)
  • Maximum loan amounts of $5,000,000
  • No FICO Scores required. We require either an international credit report or 4 credit references for 12 months. Credit reports must be translated into English
  • 2 months of bank statements, with down payment source seasoned in a verified worldwide banking institution
  • Reserve requirements of 12 months including all payments
  • Transaction can close in an LLC, however none of the LLC member can be entities organized outside of the US
  • You do not need to disclose any properties owned outside of the United States

Please contact us today for complete eligibility requirements and available options.

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Chad Baker, CrossCountry Mortgage   
NMLS# 329451 | CCM NMLS# 3029