Foreign National Rental Loans

[David N.]

Foreign National Rental Loans

Property Types: Residential 1-30 Units

Term: Fixed or ARMs

Rates: As low as 6.375%

Purchase or R&T Refinance: 65% LTV

Cash Out Refinance: Up to 60% LTV

Occupancy: Non-Owner Occupied

Foreign Nationals must bank with a U.S. banking institution

Foreign Nationals must have a valid U.S. Visa (if not subject to Visa waiver program)

Foreign Nationals must have a valid passport from country of origin (Canada)

Foreign Nationals must have 12 months PITI(A) in reserve for outstanding mortgage debt

Prepayment: 3 year

Seasoning Requirements: Call for details

Debt Service Coverage Ratio: 1x

Appraisal Required: Yes

Max Loan Amount: $1.5M

Min Loan Amount: $60K

Min Credit Score: 620