Be prepared with the following documentation:

Personal data – Full name, address, and Social Security number.

Income – The amount and source(s) of income for all borrowers.

• Most recent checking and savings bank statements
• Two years of tax returns
  
• Employment letter verifying your start date, annual salary including bonus
  
• If self employed - letter from your CPA or attorney verifying your salary and net worth
  

Assets – Information on all assets such as checking and savings accounts, stocks and bonds, retirement plans, and other real estate owned.

• List of other liquid or non-liquid assets
• Most recent asset portfolio statements (if applicable)
• Most recent 401K or retirement fund statements (if applicable)
  

Debts and obligations – Information on all outstanding debts and any other financial obligations.

Credit references – Information concerning loans or debts that have been paid, plus any other references to good credit use.

Reserves

• 6 months of mortgage payment for loans <$650k

Mortgage Loan Programs

• 30 Years Fixed
• 3/1, 5/1, 7/1, 10/1 ARM
• 25% - 35% down payment required

Still have questions?
If you still have questions about the process of application please contact us and we will refer you to a recommended mortgage lender of your choice.

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Financing for: Tourists, Visitors, Residents of other Countries, No U.S address, No job in U.S.

Documents Required

• Valid (unexpired) Forgein Passport
• I-94 (Required only when the Forgein National is in the U.S. at time of application or closing)
• International Credit Report

Income and Asset Documentation Requirements

• Proof of Income - Tax returns, paystubs, etc.
• Stated Income available
• Verification of Deposit
  • Down payment and closing costs must be verified in U.S. institution
  • Reserves can be verified in foreign institution with 6 months hostory
  • Statement accounts required

Reserves

• 6 months of mortgage payment for loans <$650k
• 12 Months of mortgage payments for loans >$650k

Mortgage Loan Programs

• 30 Years Fixed
• 3/1, 5/1, 7/1, 10/1 ARM
• 25% - 35% down payment required

Note: Information above is a general overview for foreigners seeking to obtain financing for purchase. Requirements for financing can vary from bank to bank depending on individual buyer qualifications.

Still have questions?
If you still have questions about the process of application please contact us and we will refer you to a recommended mortgage lender of your choice.

Ready to begin your search? Contact Us

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