PROGRAM OVERVIEW
US Real Estate Loans for Foreign Nationals
Our Foreign National Loan program offers streamlined financing for non-U.S. residents looking to invest in the American real estate market. We provide asset-based solutions tailored to international investors seeking to grow their wealth through U.S. property acquisition.
No U.S. credit score or SSN required
Up to 75% LTV on investment properties
Loan Options Include: STR, LTR, PadSplit, Fix & Flip, Construction
Asset-based underwriting (DSCR focused)
Guidelines
Key factors to the approval of a Foreign National Loan
Entity Formation
We highly suggest to hold title in an LLC formed in the United States that is strcutured by a professional who understands cross border investing.
No Credit
No U.S. credit score or SSN required. Lenders will price your terms based off an assumed FICO score of 700.
Leverage & Structure
Up to 75% LTV on investment properties. Flexible structures for STR, LTR, PadSplit, and other business-purpose rentals.
Debt Service Coverage Ratio
Foreign National buyers require a 1:1 DSCR in order to qaulify for asset based lending in the United States
Loan Process Comparison
Comparing key factors in the loan process when purchasing an investment property in Canada vs The United States
Canada
Loan Process Comparison
- Holding Real Estate in an Entity: Very few lenders allow for investors to own real estate in a holding company. Making it harder for investors.Â
- Credit: Credit is a major factor when purchasing investment real estate in Canada. Lenders often require 650+ credit score.
- Approval Process: All residential investment real estate in Canada is approved with income verification loans. Making it much harder to scale with investors hitting a cap.
- Proof of Funds: Lenders require a 90 day hisotry of the funds to close and will source all large deposits over $5,000.
- Final Closing: Lenders require borrowers to sign in wet ink with their real estate attorney.
- Terms: Mortgages in Canada have a range of terms typically from 1-5 years. Lenders will charge a prepayment penalty if the loan is broken any time outstide of the renewal date of the term.Â
United States
Loan Process Comparison
- Holding Real Estate in an Entity: No lender push back. Most lenders actually suggest for investors to hold title in an entity. Provide basic ID; no U.S. credit score or SSN required.
- Credit: Foreign Investors do not need to show any credit in America or their home country. Entity Selection: Investor typically forms a U.S. LLC for holding title.
- Approval Process: All investment real estate in America is approved with asset-based loans called DSCR loans. This means that the loan is approved by the properties income potential, not the borrowers income/liabilities. This allows investors to scale with no restrictions.
- Proof of Funds: Lenders request 30 days history of funds and do not source any large deposits.Â
- Final Closing: Lenders allow a remote notary for signing closing documents.
- Terms: In America, you will have a 30-year fixed term. Prepayment penalties are structured however the borrower pleases, with options of no prepayment penalty at all.Â