This is not a commitment to lend.  Not all borrowers will qualify for the loan programs listed.  All program terms and conditions are subject to change and may be discontinued without prior notice.  Contact loan originator for program questions and scenarios.  

FOREIGN NATIONAL HOME LOANS

Home loans for citizens of other countries

We offer one of the most comprehensive Foreign National programs available in the state of Florida with competitive interest rates. Alternative credit profiles and foreign bank statements accepted if properly translated.  

As a general rule, we will lend to citizens of countries that do not appear on the OFAC list.

We will lend to citizens of Brazil, and China. (for these countries, LTV is limited to 50% and reserve requirement is eight (8) month PITI.)

Our Foreign National program offers what we believe to be the best Foreign National solution available in the state of Florida.

Our office serves the Greater Tampa Bay Area, it's surrounding communities and the entire state of Florida, making us the clear choice for your financing needs.

If you're a foreign national and would like more information, we'd love the opportunity to answer all of your questions and review your options.

We offer full-documentation and stated income options. (options and guidelines on this page relate to our Full-documentation Foreign National program.)

Please see the general rules and guidelines below.

LOAN SIZE LIMITS

$100,000 - $6.5 Million

OCCUPANCY

• Primary Residence*
• Second home*
• Investment*

* Note: a property will be automatically be considered an investment property if any of the following apply:

• Only rented when the borrower is not at the property or rented for any length of time
• If the property is managed by a firm handling rentals
• Developments that allow for short term rentals, even if the borrower doesn't intend to rent the property
• Anything with a 1-3 day minimum rental

ACCEPTABLE HOME TYPES

• Single Family Homes
• Planned Urban Development (PUD)
• Condominium
• Condotels
• Specialty properties, on a case-by-case basis

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KEY FEATURES

• Low down payment requirement - as low as 35%.

• Professional Translation of financials not required, but must be legible and understandable in English.  CPA letters and Bank Reference Letters from the applicant's country are encouraged and may be required.  

• No Escrow Impounds - Borrowers will self-manage premiums for property taxes, homeowners insurance and any applicable homeowners association dues*.  * unless the home is in a FEMA-designated mandatory Flood Zone.

• Reserves - Minimum 20 months of all expenses

• If borrower's country of origin requires the filing of a tax/ financial document, we will require it's review.

• Professional translator requirement - If the borrower's country of origin does not have English as a primary language, then a professional interpreter (or a native-speaking agent of the title company in the transaction) must be present at closing to explain all loan documents and must sign as either a professional interpreter or as an authorized employee of the title company.

• Establishment of a Reserve account with ACH Auto-Payment Debit and a minimum monthly balance requirement equal to 4 months of the full PITIA payment (Principle + Interest + Property Taxes + Homeowners Insurance, and Homeowners Association). The balance requirement is subject to increase depending on several factors, such as borrower's country of origin and/or the current state of affairs with county of origin.  

• Mortgage Interest rate is subject to a 2% increase if this account is not maintained as agreed.

• Maximum Seller Contribution - 4% of sales price.  (2% max if the subject property is an investment home.)