Foreigners Buying in the USA

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Brian Evans
  • Real Estate Agent
  • Cleveland, OH
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FOREIGN NATIONAL LOAN DOCUMENTATION AND GENERAL INFORMATION

Brian Evans
  • Real Estate Agent
  • Cleveland, OH
Posted Dec 20 2021, 21:08

To get a traditional mortgage, you have to meet some minimum credit, income, and savings requirements. If you are a Foreign National, you likely don’t meet these requirements. That is where Foreign National Loans come in.

A Foreign National Loan is probably a good idea if you:

Don’t have a Social Security Number (SSN)

Don’t have a Credit Score or Credit History

Have no Verifiable U.S.-Based Income

Have no way to verify down payment

Documents Required For Loan Approval

General Paperwork

Proof of address

Copy of ID, Passport, and/or Driver’s License

Resume or Curriculum Vitae (if applicable): A curriculum vitae (CV) provides a summary of your experience and skills.

● Self-Employed (1099)

Last 2 Years of Personal Tax Returns YTD Personal Financial Statement Last 2 Years of Business Tax Returns YTD Business Financial Statement

● Employed (W2)

Last 2 Years of Personal Tax Returns

Last 2 Pay Stubs

Name, Phone, and Email of Employer

Copy of last 3 Months of Bank Statements

Borrowers May Also Need

Two credit reference letters

Two banking reference letters

Copy of Corporation or LLC information ( if title will held in corporation)

An ITIN (Individual Taxpayer Identification Number)

Eligible Property Types

Condominiums, Single Family, Multi-Units, Townhouses, Condos, Offices, Warehouses, Hotels.

Let’s connect and I’ll refer you to my lender.

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