Updated about 2 years ago on . Most recent reply
Foreign National looking for lender
Hi all, I'm a foreign national from Canada. I have investment properties in a few states and looking for more. I am finding it extremely difficult to find good LTV and good rates to refi and scale. Does anyone have recommendations on the lender that has a really good product for my situation I have an ITIN and LLCs.
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Erik Estrada
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Erik Estrada
#3 Private Lending & Conventional Mortgage Advice Contributor
Lender
#3 Private Lending & Conventional Mortgage Advice Contributor
- Lender
Hey Lianne,
On Foreign National DSCR Loans, you may refinance up to 70% of the appraised value. You qualify based off foreign national credit or U.S. credit (at least 1 FICO score must show on the report).
If your FICO is above 740, DSCR is pricing at 8.5%-8.9% on a Foreign National loan.
- Erik Estrada
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