Conventional and Foreign National Mortgages
Foreign National Mortgages
70% Foreign National Mortgage
Our jumbo foreign national mortgage for up to $8M. Super Jumbo Loans are available.
50% to 75% Investment Mortgages
Very low interest rate Buy to Let mortgage. Non warrantable condos and condo hotels qualify.
Canadian Citizen Mortgage
We offer loans up to 75% LTV US mortgage for Canadians with very competitive interest rates.
UK Citizen Mortgage
Low doc US mortgages for UK citizens and UK residents for a second or holiday homes.
ITIN Number Mortgage
We offer up to 90% LTV financing for borrowers who have a ITIN Tax ID number available.
No Doc, Stated Income Mortgage
We provide privately funded No Doc and Stated Income Loans up to 60% LTV to foreigners and US citizens.
Conventional MortgagesFixed-Rate Loans
A 30, 20, 15 year fixed conventional loans are loans that have the same mortgage payments for 360 months. Conventional loans typically are harder to qualify for than FHA loans and require a slightly higher down payment. However, in some cases rates can be lower and have lower closing costs. Also, monthly mortgage insurance is usually less or can be nothing with 20% down payment.
This type of loan has monthly payments that are based on a 30 year repayment schedule and the interest rate remains fixed for the first three years. After that time the interest rate (monthly payments) may change year after. This is called the adjustment period. The new rate is based upon changes in a financial index and is calculated by adding a specified amount to the index.
An FHA (Federal Housing Administration) loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won’t have to write off a loan if the borrower defaults – the FHA will pay. FHA loans are not for everybody. Nevertheless, they are a great help to some borrowers. FHA loans allow people to buy a home with a down payment as small as 3.5%. Other loans might not allow such a low down payment.
A VA loan is perhaps the most powerful and flexible lending option on the market today. Rather than issue loans, the VA instead pledges to repay about a quarter of every loan it guarantees in the unlikely event the borrower defaults. That guarantee gives VA-approved lenders greater protection when lending to military borrowers and often leads to highly competitive rates and terms for qualified veterans.
An alternative mortgage is any residential mortgage loan that deviates from standard mortgage practices. For instance, it may be a mortgage that is not fixed-rate, fully amortizing, has monthly or periodic payments, or a standard term of repayment. Sometimes, an AMI is a loan with real property as collateral with the money being used for some other purpose than purchasing the property. An alternative mortgage is considered a type of non-conforming loan.
$0 Down FHA Loan
Although FHA loans do require a down payment of 3.5%, there are ways to get the down payment and closing costs paid for without bringing your money to the closing table. This will enable you to reserve those funds for home improvements, decorating, or other financial needs.
3 Months Bank Statement Benefits of Self-Employed Loan
When you're self-employed, you don't have the luxury of being able to provide pay stubs or show net income on tax returns when you're trying to secure a mortgage. Our 3 Months Bank Statement Loan program allows self-employed borrowers to seek a home loan without showing net income on taxes or pay stubs. We look at your income over the last 3 months only.