Programs Non-QM Loans

Foreign National Asset Utilization

No score or FICO 660 Up to 75% CLTV

Our Foreign National Asset Utilization mortgage program is created for individuals whose assets held in U.S. or Canadian financial institutions. Self-employed, entrepreneurs, retirees, and those supported by investments will find it perfect for purchasing or refinancing a second home or investment property in the U.S. The program enables homebuyers to leverage their assets to qualify for a home loan, offering greater flexibility in securing financing.

Program features
  • Loan amounts up to $3 million
  • Overseas assets allowed as reserves
  • Cash-out allowed
  • Qualifying assets / 60 months
  • 100% of checking, savings, stocks, bonds, and 70% of retirement assets
Why choose our Foreign National Asset Utilization?
  • Homeownership outside the US is allowed
  • Gift funds allowed
  • RON closing
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Program details

Loan amounts up to $3 million
Overseas assets allowed
Qualifying assets / 60 months
Second home
Investment properties
RON allowed
100% of checking, savings, stocks, bonds, and 70% of retirement assets
Up to 43% DTI
Up to 75% СLTV purchase / Up to 65% СLTV cash-out
Max Cash in Hand: No limitation for CLTV <=55% & min FICO 680; $1,000,000 for CLTV > 55% & min FICO 700; $500,000 for CLTV <= 55% & FICO < 680 or CLTV > 55% & FICO < 700
Letter from a foreign CPA providing income for the last 2 years and YTD earnings required
12 months of reserves required 
Gift funds allowed (borrower contribution required — 20%) for down payment, closing cost, and reserves 
Mortgage history: 0x30x12 and 0x90x24
24 months out of credit event
Eligible property types: SFR, townhomes, condo warrantable/non-warrantable (limited review), condotel, 2-4 units, PUD, SFR rural, manufactured housing, short-term rentals, leasehold, multifamily property, mixed-use
Eligible terms: 30 & 40-year fixed, 5/6 & 7/6 ARM
5/6 ARM, 30-year fixed, 40-year fixed. 120 months of I/O period, 240/360 months of amortization, qualified at amortized PITIA payment after I/O period, IO product not allowed in IL
Eligible citizenship: Foreign National
Eligible borrowers: Individuals, LLCs/Corp without a hit 
Eligible assets are required to be held in U.S. or Canadian financial institutions
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Disclosure

24 hours

Underwriting

24 hours

Closing

24 hours

24 hours

Foreign National Asset Utilization FAQ

What is a Foreign National Asset Utilization loan?

A Foreign National Asset Utilization is a program that allows borrowers with liquid oversees assets buy or refinance second home or investment properties in the US. Their income may not be easily documented, thus the 12-month reserves are required.

Do borrowers need to cash in their assets to get approved for Foreign National Asset Utilization?

No, since the assets are used to demonstrate that the borrowers have the ability to repay the loan. Their liquid assets as viewed their loan collateral, required for the second home or investment property acquisition in this case.

Can Foreign Nationals qualify for a Foreign National Asset Utilization loan if they do not have income from a job?

Yes, they can. The loan program is created for borrowers with liquid foreign assets who may lack a documented income. This lets them buy or refinance a second home or an investment property in the US, using their wealth.

What is considered a "foreign asset"?

A foreign asset refers to any financial holding, investment, or property situated outside a borrower’s home country. This typically includes foreign bank accounts, shares in overseas companies, and real estate abroad.

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