Foreign National


This specialized loan is offered to international buyers who are in need of financing for a residential property, but may not qualify for a traditional mortgage.

The Foreign National program is designed for foreigners who live and work outside the US and would like to purchase a 2nd Home or an Investment property in the US.

FEATURES

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  • No USA Credit required
  • Loans up to $3 Million
  • Purchase up to 75% LTV
  • Cash Out up to 65% LTV
  • No restrictions 2-4 Units, Condominium: Max
  • TV/CLTV 65% 12 months of PITIA reserves or 6 months with 5% LTV reduction and price adjustment
  • First Time Investor Allowed
  • Recent credit events allowed
  • Multiple financed properties allowed
  • Cannot reside in the United States
  • ACH auto-payment is required
  • No gift funds allowed
  • US Bank Account, funds must be 60 days prior to closing
  • DSCR Loan Value of Rental MUST over the Mortgage
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Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2

1-4 Units Residential DSCR Calculator

Taxes and insurance auto-calculated at 1% of the purchase price.
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The Foreign National program at Generation Mortgage Associates is tailored specifically for international buyers seeking to invest in U.S. real estate. This program addresses the unique challenges faced by foreign nationals who may not meet the criteria for conventional mortgages due to their lack of U.S. credit history or residency. By offering flexible financing options, we empower investors to secure their dream properties in the United States.

Key Features of the Foreign National Program

🌍

No USA Credit Required

This program allows international buyers to apply without a U.S. credit history, making it accessible for foreign investors.

💰

Loans Up to $3 Million

Finance your investment with loans available up to $3 million, providing substantial funding for your property purchase.

🏡

Flexible Property Types

Eligible properties include 1-4 unit residential homes and condominiums, ensuring a variety of investment options.

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Investment Opportunities

This program supports both second home purchases and investment properties, catering to diverse buyer needs.

How to Get Started

1
Consultation
Schedule a consultation with our mortgage specialists to discuss your financial goals and eligibility for the Foreign National program.
2
Documentation
Prepare necessary documentation, including proof of income and an eligible visa type, to support your loan application.
3
Application Process
Submit your application along with required documents. Our team will guide you through each step of the process.
4
Close the Deal
Once approved, finalize your loan and proceed to close the purchase of your U.S. property.

Frequently Asked Questions

What types of properties can I purchase?

You can purchase 1-4 unit residential properties, including single-family homes and condominiums.

What are the reserve requirements?

You will need 12 months of PITIA reserves or 6 months with a 5% LTV reduction and price adjustment.

Is a U.S. bank account required?

Yes, you must have a U.S. bank account with funds available at least 60 days prior to closing.

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