Foreign National Mortgage

Description

Why Choose Our Foreign National Mortgage?

• Up to 75% Loan-to-Value (LTV): We offer loans with high LTV ratios, enabling you to finance a significant portion of your property.

• Flexibility on Credit References: You don’t need a U.S. credit report to apply and get approved for a mortgage in the USA.

• Diverse Property Types Allowed: This includes Single-Family Residences (SFRs), Townhomes, Condos, Multi-Families, Condotels and even Commercial properties. 

• No Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) Required: Our program doesn’t need these, removing a common hurdle for foreign nationals.

• Non-Warrantable Condos Considered: We approve loans  for non-warrantable condos, which are often overlooked by other lenders.

• Competitive Loan Terms: Choose from 3yr / 5yr / 7yr Adjustable-Rate Mortgage (ARM) & 30-year Fixed Terms.
• Generous Loan Amounts: We offer loans from $200,000 up to $10’000,000.

Every International Investor is Different  

Miami Lending Advisors shines as a reliable partner when it comes to aiding foreign investors in securing mortgages for South Florida properties. We view our first meeting with you as an important step towards understanding your unique goals and situations— an approach that places your interests at the core of our service delivery.

During this one-on-one conversation, our skilled advisors seek details on various aspects including but not limited to why you are making the investment, where you prefer to have your property located, what your financial standing looks like and the challenges you might face being an international buyer amongst others. We take time to listen and respond to your queries or qualms while demystifying the U.S mortgage system so that by the end of our session, we arm you with enough knowledge— making sure you walk into the real estate investment arena confident and knowledgeable. 

Foreign National Program Documents Checklist

We are here to guide you through the application process for our Foreign National Program. To streamline the process and help you secure your investment we will work together in gathering the following documents: 

Passport and Visa: Include a copy of your current signed passport and USA visa.

Proof of Residence: Provide proof of residence in your country of origin, like an utility bill (water, cable, telephone, electricity, etc.).

Income Verification in The Country of Origin 

For Self-Employed Borrowers:  Accountant’s Income Letter. This should be accompanied by a copy of the CPA License, indicating the length of business ownership and income details for the current year as well as the past two years.

For Salaried Borrowers:Employer’s Income Letter. This letter should certify your employment duration, position, monthly and annual income over the last 2 years, and the current year-to-date income. 

Assets Verification and Credit References 

Two Bank Reference Letters: These should indicate the account number, type of account, and state that the relationship has been satisfactory. 

Bank Statements: Provide the two most recent statements for each bank account owned  in the US or in other Countries. 

At Miami Lending Advisors, we believe everyone should have the opportunity to own a slice of Florida paradise. Contact us today and let’s make your dream come true!

Are You a Realtor with International Investors?

Let’s explore how our Foreign National Program can help your internationals clients.