Foreign National Mortgage :: Florida Home Loan

Foreign National - NO DOC

Foreign Mortgage Florida Mortgage Corporation offers the perfect mortgage for Foreign Nationals buying a home in Florida. Our NO DOC mortgage program is basically a "BLANK" mortgage application. This means the applicant or borrower does NOT disclose personal financial information on the mortgage application.

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

FOREIGN NATIONAL - LITE DOC ▪ FOREIGN NATIONAL - NO DOC ▪ FOREIGN NATIONAL 10% DOWN PAYMENT

Foreign Passport Up to 60% LTV financing - 40% Down Payment

Up to 90% CLTV - 10% Down Payment

NO DOC mortgage

NO Supporting documentation

NO Credit report - None required

NO Employment (Job) disclosed - None required

NO Employment Income disclosed - None required

NO Assets (bank deposits) disclosed - None required

NO Bank statements and letters - None required

Corporate, partnership and trust permitted

Must provide a copy of a valid FOREIGN passport

Short-Term rental homes: Up to 50% LTV, or 90% CLTV financing (income investment property)

Condos (Residential): Up to 55% LTV or 90% CLTV financing (Built prior to 2004)

One year pre-payment penalty

Cash-Out Refinance: Considered on a case-by-case basis only, under the NO DOC Foreign National mortgage program

NO USA Bank account required

70% Financing Available

If you are UNABLE to meet the above "down payment" requirements, we offer a combination mortgage program that only requires a minimum 10% down payment. Please visit: http://www.floridamortgagecorp.com/foreign_national_nodoc-combo.htm

Restrictions: Condo-Hotels NOT eligible for financing under this NO DOC mortgage program. Established residential condo projects/developments must meet be built prior to 2004. None acceptable after 2004. Condos NOT financed in Dade, Broward, Palm Beach counties.

A condo hotel investment income property is for commercial use as hotels, that require special licensing from the State of Florida.

Unfortunately, the Orlando & Miami real estate market is currently "saturated" with this type of investment income property, with many being sold at "distressed" prices. Furthermore, the Orlando & Miami real estate market is experiencing serious declining market values due to a high number of foreclosures.

The investment property's use is determined by local county zoning laws, Homeowner's Association community guidelines, etc. A Condo-Hotel home can only be located in a community that is legally zoned and allows the investment income property to be used for commercial use.

Please visit the following links for additional detailed information:

SHORT-TERM RENTAL HOME ▪ CONDO HOTEL ▪ DECLINING MARKET VALUE ▪ PROPERTY TYPES

VISA Information

FOREIGN NATIONAL - LITE DOC ▪ FOREIGN NATIONAL - NO DOC ▪ FOREIGN NATIONAL 10% DOWN PAYMENT

FOREIGN NATIONAL APPLICATION

NOTE: Interest rates and mortgage programs subject to change without prior notice.