Key Facts About Loan:
- Certain documentation isn’t required
- Ability to finance second homes and investment properties
- Secure loans up to $5 million
- No U.S. FICO required
Foreign National Loan
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
EXPERIENCE
First 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
832 301 6541
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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