Foreign National NO Credit Florida Mortgage Lenders

Florida Foreign National Mortgage Lenders

$500k thousand to $15 million Foreign National Nonresident Mortgage Lenders Purchase Refinance-  Property Types: Single Family, Townhouse, Condo, Multi-family, Office, Retail, and Industrial. Serving all of Florida including Miami, Broward, and Palm Beach. 

If you are a foreign national a person who is not a United States citizen and has no lawful residency status in the United States. And, If you are looking to invest in real estate in anywhere in Florida then you have come to the right place.  Florida Mortgage Lenders .com will get you the most competitive loan offer. We will walk you through the application, answering any questions you may have while streamlining the process and helping you gather the paperwork you need.

• Flexible terms, 3, 5, 7, 15, and 30 years.
• 30% minimum down payment
• No U.S. credit history required
• Loans from $100,000 to $5,000,000
• No income verification program is available
• Second homes and investment properties
• Residential, single-family homes, condos, condominiums, condotels, townhouses, co-ops, land commercial types.

Foreign National Qualifications

• DSCR ≥ 1 up to 80% LTV
• No DSCR ratio up to 65% LTV
• 6 months reserves
• No deposit sourcing
• No credit reference letters
• No asset seasoning in the US account
• No visa
• Loan amounts up to $2m
• Condotels, condos, studios, 2-4 up to 70% LTV
• ITIN borrowers allowed
• No 3rd party primary address verification
• Bank statement and P&L up to 80% LTV

Non-Resident Foreign National-No Income Verification

• DSCR we will need 1003, passport, visa, assets, and purchase contract.
• Refinances we will need the same above but no purchase contract and we will need a 12-month lease agreement.

Foreign National Loan Documentation Requirements

Here is what you need to apply for a Foreign National Mortgage loan:

• Self-employed Florida Foreign National Mortgage Applicants s must present an Accountant’s income letter and copy of the CPA License  its current year-to-date income as well as the past two years of income. (Periods Jan 1 – Dec 31, 20XX ), Please provide the original before closing. 
• Provide a copy of your company’s articles of incorporation to prove that you are an owner of “x” percentage of shares and opening date.
• Salaried Florida Foreign National Mortgage Applicants s must present an employer’s income letter certifying the time the Florida Foreign National Mortgage Applicants has been employed, the name of the position he occupies in the company, the monthly and annual income over the last 2 years as well as the current year to date income. Please provide the original letter before closing.
• Provide 2 credit card (Visa, Master Card, American Express, etc.) reference letters from your country of origin or USA
  Note: Provide also the last 2 statements. These must indicate the account number, credit limit, actual balance and average balance (in the country of origin’s currency and US Dollars), opening date, and history. Each letter must be written with the institution’s letterhead on the top. If the Florida Foreign National Mortgage Applicants has one or more mortgages, a letter is required from the applicant’s bank describing the mortgages and previous payment history.
• Provide 2 bank reference letters from your country of origin or United States.
  Note: They must indicate the account number, the type of account and it must state that the relationship has been good or satisfactory. Each letter must be written on the Bank’s letterhead, signed, have a contact number for verification and we will need to get the original letters before closing.
• Provide 2 most recent bank statements for each bank account owned or and any other account with liquid investments. ( All pages- screen prints are not acceptable).
• Our completed loan application and corresponding signatures (Documents that authorize us to process the loan)
• Copy of purchase contract and corresponding addendum.
• The escrow letter indicates the dates and monies deposited. Please provide the source of monies used for those deposits.
• A copy of the canceled checks or wire transfers was used to make the initial down payment on the unit.
• If you are a business owner, please provide a website or background on your company.
• Copy of current signed passport
• Copy of current USA Visa, Proof of residence in the country of origin (utility bill like water, cable, telephone, electricity, etc)

Serving all South Florida cities including: