Foreign National Mortgage

Foreign Nationals May Be Able to Purchase U.S. Real Estate

 

A Foreign National Loan is a mortgage program designed for borrowers who are not U.S. citizens or permanent residents.

 

Even without U.S. income, a Social Security Number, or U.S. tax returns, qualified foreign nationals may be able to purchase residential or investment properties in the United States by using their foreign income and assets.

 

This program is especially popular among international buyers, including those from South Korea and other countries, who wish to invest in U.S. real estate or purchase a second home or vacation property.

 

Loan Factory works with more than 100 Foreign National lenders, allowing us to compare interest rates, fees, qualification requirements, and program features across a wide range of lenders. Rather than being limited to a single bank, we can compare multiple Non-QM loan programs to help you secure the most competitive financing available for your home purchase or refinance.

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Access to 100+ Foreign National & ITIN Lenders
Compare interest rates, fees, and loan options from multiple lenders

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Terry Kwon
Loan Officer
Ph (631) 624-4480
Email: terry@milestonepointinc.com

What Is a Foreign National Loan?

 

 

A Foreign National Loan is a Non-QM mortgage program designed for foreign nationals who reside outside the United States.

 

Unlike traditional U.S. mortgage programs, Foreign National loans may offer the following advantages:

 

✅ No U.S. Tax Returns Required

✅ No U.S. W-2 Required

✅ No U.S. Income Verification Required

✅ No U.S. Credit History (FICO) Required

✅ Foreign Income and Assets May Be Used to Qualify

What Types of Properties Can Be Purchased?

 

 

Second Home

A vacation home or property purchased for personal use when visiting the United States.

 

Investment Property

A property purchased for rental income and investment purposes.

 

Eligible Property Types

 

    • Single-Family Homes
    • Condominiums (Condos)
    • Townhouses
    • 2–4 Unit Multi-Family Homes

Qualify Using Foreign Income

 

 

Foreign National programs allow borrowers to qualify using foreign income and assets instead of U.S. income.

 

Examples of acceptable foreign income may include:

 

✅ Employment Income

✅ Business Income

✅ Rental Income

✅ Investment Income

✅ Pension or Retirement Income

Documentation requirements may vary by country and lender.

Foreign Assets May Be Used

 

 

The following foreign assets may be considered during the qualification process:

 

 

💰 Bank Deposits

💰 Stocks and Mutual Funds

💰 Business Assets

💰 Investment Assets

💰 Foreign Real Estate Assets

U.S. Real Estate Investment Opportunities

 

 

U.S. real estate may offer opportunities for long-term appreciation and rental income generation.

 

This program may be ideal for:

 

✔️ Foreign nationals who do not reside in the United States

✔️ Investors living in South Korea and other countries

✔️ International buyers interested in U.S. real estate investments

✔️ Buyers seeking a second home in the United States

✔️ Borrowers with no U.S. income

✔️ Borrowers with no U.S. credit history

Required Documents

 

 

📄 Valid Passport

📄 Visa (if applicable)

📄 Foreign Bank Statements

📄 Asset Documentation

📄 Income Verification Documents

📄 Foreign Identification

📄 Purchase Contract

 

 

General Guidelines:

✅ Down payments typically range from 20% to 35% or more

✅ Most documents must be provided in English or accompanied by a certified English translation

✅ Some lenders offer asset-based qualification programs with limited or no income documentation requirements

Milestone Point Inc. In partnership with Loan Factory Inc. (NMLS #320841)
Licensed Mortgage Loan Officer: Terry Kwon (NMLS #2620208)

Residential Mortgage Licensed: AL, CA, CO, GA, IL, ME, NJ, NV, OH, TX, VA, WA

Contact: (631) 624-4480
Email: terry@milestonepointinc.com
Milestone Point, Inc: 200 Garden City Plaza, Suite 215, Garden City, NY 11530

Loan Factory: 2195 Tully Road. San Jose, CA 95122

 

Disclaimer:
Loan approval is not guaranteed. Approval is subject to credit, income, assets, and other underwriting criteria.
Rates and terms are subject to change without notice.
Milestone Point Inc. partners with Loan Factory Inc. to provide access to multiple mortgage products.
All mortgage programs are offered through licensed mortgage brokers/loan officers registered with the NMLS.