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Foreign National Loans

No social & No ITIN required; with just a Tourist Visa you can purchase an investment property.

MINI-LINEAS-1

LOAN PURPOSE: Investment / Primary Residence.

BORROWER TYPE: Individual or Entity (Single Purpose Entity).

PROPERTY OR UNIT ACQUISITION MINIMUM: 1 Property per loan.

TERM: 30 Year Fixed.

INTEREST RATE: Call for quote.

EXPERIENCEFirst time homebuyers.

MINIMUM FICO: No FICO score needed.

MAXIMUM LOAN TO VALUE (LTV): Up to 70% on purchase and rate & term.

MINIMUM LOAN AMOUNT: $5 MM.

VACANCY MAXIMUM: Any vacancy requires a max LTV of 60% on refinance.

SEASONING REQUIREMENT (TO USE VALUE VS. COST BASIS): 90 Days.

PROPERTY TYPE: 
Non-Owner Occupied:
- Single Family Residences (SFR).
- Condos.
- Townhomes.

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FAQ's on Foreign National Loans

What Is A Foreign National Mortgage Loan?
A Foreign National mortgage loan, also known as a foreign national loan or non-permanent resident alien loan helps non-residents of the United States purchase real estate here in the United States. The foreign national program includes primary residences and/or vacation properties available to those who classify as resident aliens, achieve temporary status or permanent status, and typically have different requirements and interest rates than a standard Fannie Mae or FHA loan.
 
 
Do Foreign National Mortgage Loans Have Different Requirements?
Yes, the Foreign National mortgage guidelines and requirements are different. A foreign national must live and work outside the U.S. and cannot reside in the U.S. A few additional requirements for the foreign national mortgage loan are that the maximum LTV is between 70% to 80%.
 
 
Do Foreign National Loans Require A Higher Down Payment?
Yes, it is possible that a larger down payment is required for a Foreign National loan, but the percentage will vary depending on the borrower’s specific financial circumstances. 

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All other trademarks are the property of their respective owners, not endorsed or affiliated with any government entity. Rates and Terms are subject to change at any time without notice and are subject to state restrictions. Visit the NMLS Consumer Access website for regulatory information about us.

Figure: 7 TAC § 80.200(b) CONSUMER WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
PROSPERITY FUNDING, LLC.  NMLS: 1868681

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