This mortgage product is a Portfolio lending program. It is ideal for foreign nationals who visit the U.S. on a regular basis and are looking to purchase a vacation or investment home in the United States while continue living abroad.
Benefits & Features
Second homes and investment properties are allowed.
Domestic credit score is not required.
Self-employed borrowers may qualify.
Funds must be seasoned on a U.S. bank for at least 30 days.
Income sources must be verified through personal Income tax and/or CPA letter from country of Origin.
Minimum reserves are required
The loan process many times boils down to what you can afford. A good way to check your potential finances is to utilize a monthly payment calculator such as the one found here with Ready Mortgage Lenders.