Maximum LTV of 70%
Maximum LTV of 65% for cash out
No Foreign or U.S. credit needed
This mortgage product is for foreign nationals wanting to purchase or refinance a home in the United States. This is a DSCR program with a 1:1 ratio on cash flow. This means that this loan is incredibly easy to do – no income or U.S. credit required to qualify.
- Minimum loan amount of $75,000
- Maximum loan amount of $1.5 million
- A DSCR program with a 1:1 ratio on cash flow
- Assets sourced and seasoned for 60 days – must be in a U.S. FDIC insured bank for a minimum of 30 days
- 12 months reserves required and must be in a U.S. bank
- ACH auto-payment is required
- No sanction listed countries allowed and will not lend in Osceola County
- Cannot reside in the United States
- Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2
- No gift funds allowed
- Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained