What is a Foreign National Asset Utilization loan?

A Foreign National Asset Utilization loan is a program that allows borrowers with liquid overseas assets to buy or refinance second home or investment properties in the United States. Their income may not be easily documented, so 12 months of reserves are required.

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

No. The assets are used to demonstrate that borrowers have the ability to repay the loan. Their liquid assets are viewed as support for the second home or investment property acquisition.

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

Yes. The loan program is created for borrowers with liquid foreign assets who may lack documented income. It allows them to buy or refinance a second home or investment property in the United States using their assets.

What is considered a foreign asset?

A foreign asset is a financial holding, investment, or property situated outside a borrower's home country. This can include foreign bank accounts, shares in overseas companies, and real estate abroad.

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

For I/O, Min. FICO 680 or no FICO

24 months out of credit event

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

Cash-in-hand: No limitation for CLTV <55% & min FICO 680; $1,000,000 for CLTV from 55% to 65% or CLTV>65 & min FICO 700 or CLTV <=55 & FICO <680; $500,000 for CLTV >65% & 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

Eligible assets are required to be held in U.S. or Canadian financial institutions

Eligible property types: SFR, townhomes, condo warrantable/non-warrantable (limited review), condotel, 2-4 units, PUD, SFR rural, manufactured housing, short-term rentals, leasehold

Various fixed terms, 5/6 & 7/6 ARM terms

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

Eligible citizenship: Foreign National

Eligible borrowers: Individuals, LLCs/Corp without a hit

Foreign National Asset Utilization

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Program details

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Fast turnaround times

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#Yes to high-net-worth-individuals

FHA High Balance

Asset Utilization