Foreign Nationals Full Doc

Q: Can a Foreign National purchase property in the US?

Yes. A&D offers solutions for investment properties only. Foreign Nationals can qualify with documentation for the income generated in their residence country OR just with the cash flow from the subject property.

Q: Can borrowers use a Foreign National loan to buy a home?

Foreign National loans are intended to be used to purchase homes as investments, not primary residences.

Q: What if Foreign National loan borrowers want to purchase a primary residence in the US?

They will need to be a US resident and obtain a regular mortgage.

No score or FICO 660 Up to 75% CLTV

Our Foreign National Full Doc program is designed for individuals living abroad who are interested in purchasing or refinancing investment property in the US. This program features a flexible and efficient alternative documentation process and realistic guidelines, which makes it easier for foreign borrowers to qualify for a loan and ensures a smooth and hassle-free experience.

Program features

Loan amounts up to $3 million
Overseas assets allowed as reserves
Cash-out allowed
One bank reference letter
CPA Letter for the last 2 years & year-to-date

Why choose our Foreign National Full Doc?

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

RON allowed

Cash-out allowed

Up to 43% DTI

Up to 75% СLTV purchase / Up to 65% СLTV cash-out

Investment properties

Max cash-in-hand $500,000 for CLTV >65%, $1,000,000 for CLTV ≤65% to ≥55%, no max cash-in-hand limitation for CLTV <55%

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

48 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