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Foreign National Mortgage Program

A mortgage to a non resident is called a Foreign National Mortgage loan. A foreign national who is not a resident of the United States will in many cases seek to own real estate. Down payment requirements are usually higher for foreign national borrowers. The minimum down payment is usually 30% (or more) of the total purchase price of the property. This is also referred to as an 70% Loan to Value “LTV” loan.

Required Documents

• Copy of passport, I-94 and valid VISA (F-1 and F-2 type are not allowed)
• Copy of passport and either I-94W or proof of ESTA Approval required for borrowers on VISA Waiver Program.
• Borrower must have U.S. address when applying for loan.
• Foreign assets used for down payment, closing costs, and/or reserves must be transferred to U.S. institutional account prior to ordering loan docs.
• Most recent 2 months bank statement required.