The allure of the U.S. real estate market is undeniable. With its steady growth and promising returns, it presents an enticing investment opportunity. Statista projects it to grow by 4.51% between 2024 and 2028, resulting in a market volume of US$142.90tn in 2028.
The market’s resilience and expected upward trajectory showcase the large potential for residential property investments.
But what if you’re a foreign national? How can you tap into this market? The answer lies in Foreign National loans.
What Are Foreign National Loans?
Foreign National loans are mortgage products designed specifically for foreign nationals who wish to buy or refinance a property in the United States. These loans provide homeownership opportunities for non-residents and non-citizens authorized to be in the U.S. on a temporary basis.
While foreign nationals cannot purchase a primary residence in the U.S., they can buy investment properties.
How Do Foreign National Loans Work?
These loans work similarly to conventional loans but with some unique features to accommodate the particular needs of foreign investors. For instance, these loans do not require a Social Security Number or tax returns.
Why Choose Foreign National Loans?
Foreign National loans offer several advantages:
- Flexibility: These loans are tailored to meet the unique needs of foreign nationals, providing flexibility that traditional loans often don’t offer.
- Investment Opportunities: They open doors to the U.S. real estate market, offering lucrative investment opportunities for 1-4 unit property types and non-warrantable condos.
- Ease of Process: With experts like LendSure, the process becomes smooth and manageable, even for those unfamiliar with the U.S. mortgage system.
LendSure’s Foreign National Loan Program
At LendSure, we’re a trusted provider of Foreign National loans and will help you navigate foreign credit and asset verification with minimum hassle. Our program offers loan amounts up to $3,000,000 and accepts a wide range of Visas, including B1, B2, F1, H2, H3, I, J1, O2, P1, P2, TN NAFTA, and Laser Visa.
Income and credit are based on loan letters, credit letters, and an income verification letter from a CPA in the applicant’s home country. Also – no U.S. credit is required. Foreign credit can be verified through three active trade lines with a two-year history. And, foreign-based bank accounts may also count as trade lines.
Learn more about our Foreign National loan program highlights here.
Why LendSure?
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers, ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan.
We’re redefining the mortgage experience one loan at a time. Thanks to our common-sense approach and dedicated lending team, we say ‘yes’ more often to today’s homeowners and investors.
Ready to reach out to learn more about Bank Statement loans for investors like you? Contact us today!
