Foreign National
Investor
Our Foreign National program allows overseas borrowers the opportunity to invest in real estate in the U.S., without the stringent credit or income documentation requirements of other lenders. Excellent option for foreign investors who wish to take advantage of hot rental markets all across the country. Subject property does not need to have positive cash flow. Loan amounts up to $2 million for 1-4 family homes, Condos, and PUDs.
The information on this page is provided for the benefit of mortgage professionals and not intended for consumers or the general public.
Submit your borrower’s scenario between 9 a.m. and 4 p.m. EST
Monday – Friday and we’ll get back to you with options in two hours or less.
Program Details
Income verification
Two ways to qualify:
DTI:
- Self-employed: letter from CPA/accountant or auditor stating last 2 years’ and YTD Income.
- Salaried: letter from employer stating current annual compensation.
- Up to 50% DTI1
- Subject property does not need positive cash flow
- No tax returns or audited financials required
DSCR:
- Qualify using subject property income ONLY
- Minimum 1.10x DSCR
- No statement or verification of income or employment required!
- Not a bank statement program.
Asset verification
- 1 month bank statement (covering at least 30 days)
- All funds to close must be wired in a U.S. bank prior to closing. Seasoning of funds is not required.
- 100% gifts allowed for down payment and closing costs
- Cash-out proceeds may be used towards reserves
Program highlights
- True Foreign Nationals only. Borrower cannot live or work in the US
- Borrowers must have valid passport and Visa (if applicable).
- U.S. based corporations and LLCs accepted.
- Purchase & rate/term refinance up 75% LTV DTI Only
- Cash-out refinance up to 60% LTV, $500,000 cash-out funds
- 1-4 units, condos, PUDs
- Loan amounts up to $2,000,000
- No credit or reference letters required
- 5/6 ARM2, 7/6 ARM2, 15 or 30 year fixed
- Subject properties located in the following States are limited to ARM products ONLY: AK, DC, IL, KS, MI, NJ, NM, RI, PA
- Interest only option available on all loan terms except 15 year fixed.
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Disclosure:
This is intended for mortgage broker professionals. All lending products are subject to credit & property approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply. Quontic Bank name & logo are registered trademarks. © 2020 Quontic Bank. All rights reserved.
Information is accurate as of the date listed below and may change without notice.
1 Debt-to-income