FOREIGN NATIONAL  -  90% LTV
 


 

Foreign PassportFlorida Mortgage Corporation offers a unique loan 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.

99% of our Foreign National 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.

MORTGAGE PROGRAM AVAILABLE NATIONWIDE, ALL 50 STATES

 

VERY EASY TO QUALIFY AND GET APPROVED 

Our Foreign National loan program is ideal for self-employed Foreign National Applicants/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.

PRE-APPROVAL LETTER - Not yet found a home?  No Problem. With a completed loan application, you will receive a "LETTER" of pre-approval and go shopping for a home. It's a loan waiting for you!  Show it to the seller and negotiate a great home price!

   

              90% LTV  Loan - 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)
    VERY EASY TO QUALIFY AND GET APPROVED
    NO Credit Report Required  ▪  NO Credit Score  ▪  NO Social Security Number
    NO Pre-Payment Penalty   (Early Redemption)
    Stated Income   (NO Proof of Income  (Not Verified - Self-Cert)
    Stated Employment   (NO Proof of Employment   (Not Verified - Self-Cert)
    Seller/Builder/Developer Can Pay All Fees And Closing Costs
    Multiple Homes:  More than one home can be purchased at the same time, with NO limit  -  Great for investors
    Seller Participation  -  2nd Mortgage
    NO Mortgage Insurance  (MI)
    Condo Hotels & Condo Conversions & Non-Warrantable Condos Acceptable
    Minimum  $100,000 Loan Amount
    Foreign Passport & ITIN  & W-7 Form 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
    Purchase Only  -  NO Refinance/Remortgage
    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% FIXED "Interest Only".

NO PROOF OF INCOME AND EMPLOYMENT REQUIRED    This means the stated-written information on the loan application will NOT be verified, and NO documents will be requested. NO income tax documents. Write-state you income and employment information on the loan application with NO concern or worry. This loan program is perfect for the Foreign National who cannot provide proof of income and employment/job. Self-Employed Foreign Nationals need not be worried.

VERY EASY TO QUALIFY AND GET APPROVED 

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