Foreign Nationals Mortgage and International Mortgage Borrowers

• how foreign nationals can get mortgages in the United States
• what kinds of loan programs they are eligible for

Foreign Nationals Mortgages Explained

There are many loan options for foreign nationals in the United States.

These are loans for people who are not U.S. citizens and do not hold a green card.

These foreign nationals mortgages open up a lot of opportunity for people to buy both a primary residence or an investment property.

The loans that are offered to foreign nationals are similar to those offered other borrowers, although the fees lenders charge can be slightly higher.

Foreign Nationals Mortgage Loan Options

Loan options for foreign nationals can include:

• regular conventional thirty year fixed
• adjustable rate loans
• minimum payment options loans
• investment property loans
• stated income loans

Keep in mind that there may be additional hurdles that foreign nationals can face.

If you are self-employed you may need to show documentation of your business in the United States. This can include business licenses, city business permits, tax filings, or other supporting documentation. This can be critical because if there is no paperwork tying a person to this country at all then some lenders may have difficulty making the loan happen.

All of these loan types are not necessarily available in all states. Check with the lender before hand to make sure that they can do a loan in your state.

Lenders requiring  a credit report cannot use a social security number. Instead, many lenders use a taxpayer identification number (TIN number). This allows lenders to check your credit. It helps to have credit in one form or another within the United States to develop a credit track record.