FOREIGN NATIONAL  -  90% LTV

 

Foreign PassportFlorida Mortgage Corporation offers a unique mortgage program that is ideal for Foreign Nationals or Non-USA citizens buying an investment home anywhere in the USA.  Most types of properties are eligible including Condo Hotels, Short-Term Rental Homes, Condo Conversions, non-warrantable condos, Single Family Residence, etc. Only a 10% Down Payment.

98% of the mortgage applications are approved!  Our main concern is that you have sufficient  "liquid" bank deposits that are verifiable. The home can be for personal use or investment property for rental income or other use.

FOREIGN NATIONAL  -   NO DOC       ▪       FOREIGN NATIONAL - FULL DOC       ▪       FOREIGN NATIONAL 90%

MORTGAGE PROGRAM AVAILABLE NATIONWIDE, ALL 50 STATES

Our Foreign National loan program is ideal for self-employed borrowers NOT able to verify their income or employment. NO P60 income statement,  NO tax returns, NO W-2's, and NO verification of income and employment. Self-employed a short time, no problem. Salaried and retired borrowers are also eligible. E-2 Visa with USA credit history is acceptable.

Not yet found a home?  No Problem. With a completed mortgage application, you will receive a "LETTER" of pre-approval and go shopping for a home. It's a loan waiting for you!

   

              90% LTV  Based On Purchase Price   (10% Down payment)

              Up To One Million Dollar Loan Amount

    80% LTV OVER One Million Dollars Loan Amount   (20% Down Payment)
    NO Credit Report Required
    NO Pre-Payment Penalty   (Early Redemption)
    Stated Income   (Not Verified - Self-Cert)
    Stated Employment   (Not Verified - Self-Cert)
    Seller/Builder/Developer Can Pay All Fees And Closing Costs
    Seller Participation  -  2nd Mortgage
    NO Mortgage Insurance  (MI)
    Condo Hotels & Condo Conversions & Non-Warrantable Condos Acceptable
    Minimum  $100,000 Loan Amount
    Foreign Passport Required
    1-4 Unit Residential Home   (Duplex, etc)
    Most Properties Are Eligible
    Lender Fees Can Be Financed Into the Loan
    Corporation - LLC  Allowed
    Liquid Assets Verified    (Bank Deposits)
    Cash Reserves  =  Six Months "Liquid/Bank Deposits" Required
    Available Nationwide  -  50 States
PAYMENT EXAMPLE

LOAN AMOUNT

MONTHLY PAYMENT

$ 100,000

$ 625

$ 200,000

$ 1,250

$ 300,000

$ 1,875

$ 400,000

$ 2,500

$ 500,000

$ 3,125

$ 600,000

$ 3,750

$ 700,000

$ 4,375

Real estate taxes and hazard insurance should be added. 90% LTV financing up to $1,000,000 loan amount. 80% LTV financing up to $3,000,000 loan amount. 7.50% "Interest Only".

Stated income and stated employment means the stated/written information on the mortgage application is NOT verified and supporting documentation is NOT required.

If you are NOT able to document or verify bank deposits or employment, Florida Mortgage Corporation "also" offers a NO DOC mortgage with NO supporting documentation required. A "blank" mortgage application with NO personal financial information.  Please visit:  http://www.floridamortgagecorp.com/foreign_national_nodoc.htm for information.

 

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