Foreign National Loan


What is a foreign national loan?

The mortgage industry defines a foreign national as anyone who is not a U.S. citizen and is not permanently living in the United States.

In order to be eligible for a foreign national loan, you must be a resident of another country and live and work there. Green card holders otherwise known as permanent residents are not considered foreign nationals.


Foreign National Loans:

Foreign national loans are a great idea if you don't have a social security number, a credit score, or credit history, have no verifiable U.S.-based income, or have no way to verify down payment. 

Down payments for foreign nationals are usually higher. The minimum down payment is 30% of the total purchase price. 

The general paperwork required for a loan are:
  • A Foreign loan application 

  • Copy of Identification, passport, or Driver’s license 

  • Resume or Curriculum 

  • Proof of Address

  • Last two yrs of personal tax returns                          

  • Last two pay stubs 

  • Name, phone, and email of employer 

  • Copy of last  3 months of bank statements

  • Last two yrs of personal tax returns 

  • YTD personal financial statements 

  • Last 2 yrs of business tax returns

  • YTD business financial statements 


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