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  • LOAN PORTAL

FOREIGN NATIONAL

CLICK TO APPLY - PURCHASE
CLICK TO APPLY - REFINANCE

YES, to Foreigners with Visas

Overview:

 

  • No Score or FICO 620+

 

  • Up to 70% CLTV

 

  • Loan Amounts up to $2 Million

 

  • Cash-Out Allowed

 

  • DSCR as low as 0

 

  • CPA Letter for Last 2-Years & Year-to-Date (YTD)

 

  • One Bank Reference Letter

 

  • Overseas Assets Allowed as Reserves

 

  • Gift Funds Allowed

 

  • Specialize in Mortgages for People who Reside Abroad

 

  • Process is much more Flexible and Forgiving than other Lenders

Frequently Asked Questions (FAQ)

Can a Foreign National purchase property in the US?

 

Yes. Foreign National loans allow this if borrowers meet the requirements to qualify and can document that they do.

Do applicants need a credit record in the US?

 

No, borrowers do not need to have a US credit record to qualify for a Foreign National loan.

What documents does a Foreign National borrower need to have ready?

 

Borrowers should get the following documents ready before they apply for a Foreign National loan in the US:

A copy of their passport

A copy of their unexpired Visa

A current credit report

Proof of income for the prior 2 years and the current year

If self-employed, an accountant’s income letter for the prior 2 years and the current year

A copy of their purchase contract

These documents should be translated into English by a certified translator. Having all these documents gathered before your clients fill out their applications can save you a great deal of time and hassle.

Are there restrictions on who cannot apply for a Foreign National loan?

 

Yes. The following borrowers are not eligible:

Borrowers with diplomatic immunity or otherwise excluded from U.S. jurisdiction.

Residents of any country not permitted to transact business with US companies are ineligible (as determined by any U.S. government authority).

Irrevocable Trusts or Land Trusts.

Borrowers less than 18 years old

Can clients close quickly on the property they want?

 

Yes, as an experienced lender accustomed to working with Foreign National borrowers we should be able to close this loan as quickly as a Conventional mortgage. And, because some of the income and credit qualifications are comparatively easier, it might happen even faster.

How high will their interest rate be?

 

Interest rates are dependent on a variety of factors, but borrowers can expect to have an interest rate that is competitive with those offered to US citizens.

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ABOUT MCF MORTGAGE

 

We have built a powerful reputation as an outstanding mortgage lender serving the lending needs of real estate professionals, builders, and individual homebuyers and homeowners. As a full-service mortgage lender, we have experienced staff offering expertise in every area of mortgage lending ... from purchase to refinance to construction lending. We provide access to a full range of mortgage sources and all our lending specialists are dedicated to finding the right loan - with the best rates, terms, and costs - to meet their unique needs.

 

Texas Complaint/Recovery Fund Notice

 

Corporate NMLS: 1061701

www.nmlsconsumeraccess.org

Corporate Headquarters

 

3 Bethesda Metro Center, Suite 700

Bethesda, MD 20814

(800) 990-2789 | info AT MCFmortgage.com

ABOUT MCF MORTGAGE

 

We have built a powerful reputation as an outstanding mortgage lender serving the lending needs of real estate professionals, builders, and individual homebuyers and homeowners. As a full-service mortgage lender, we have experienced staff offering expertise in every area of mortgage lending ... from purchase to refinance to construction lending. We provide access to a full range of mortgage sources and all our lending specialists are dedicated to finding the right loan - with the best rates, terms, and costs - to meet their unique needs.

 

Texas Complaint/Recovery Fund Notice

 

Corporate NMLS: 1061701

www.nmlsconsumeraccess.org