Foreign National Mortgage
Foreign National Mortgage
Purchase your investment property or vacation home in the US with an mbanc
Mortgage. No matter where you are from, entering the US real estate market is an excellent strategic financial decision to protect your hard-earned assets.
MBANC’s
97% Pull-Through Rate
What is a “pull-through rate?” This is another way of saying that our word means something.
When we tell you (or a realtor) that you are pre-approved for a loan, it means you are, in fact, pre-approved for a loan.
Unlike other lenders, we won’t jeopardize your property deal or frustrate your realtor with meaningless pre-approval letters based on an online form.
We do a thorough investigation of all the information you provide us. 97% of our official pre-approvals move on to full mortgage underwriting approval. (The other 3% are usually borrowers who change their mind about the property).
Our excellent results demonstrate our unwavering dedication to clients like you.
Try Our 2-Minute QuickQual
The mbanc team is a highly skilled Foreign National Mortgage lender
Companies that don’t specialize in Foreign National home loans lack the essential experience for a stress-free mortgage application process. The documentation to qualify for this program is clearly communicated to you and coupled with personalized guidance.
- Loan amounts up to $3M*
- No social security number or green card is required
- Maximum Loan-To-Value (LTV) is 75% and limited to the main loan of $1M
- Must qualify with equivalent documentation from the country of origin
- No income required qualify with rental income form the subject property
- Qualify with 3 forms of alternative credit from your home country
- You can purchase or refinance
- Unlimited cash-out options are available
- Non-Warrantable Condo and Condotel properties are eligible
- Interest-only loans are available
- 30-year fixed-rate mortgages available
Mortgage amounts vary based on LTV, credit, and overall creditworthiness* More reserves are required for mortgage amounts over $1,000,000.00**
How does a Foreign National Jumbo Mortgage work?
Jumbo mortgages are typically over $1,000,000. These mortgages are not connected to any government agency. Consider this mortgage if you do not live in the US but want to invest in luxury real estate.
Most traditional lenders require a social security number or some form of citizenship, allowing you to be in the US legally.
The mbanc Foreign National Mortgage program has no such requirements. An additional feature to this program is that you do not need to have US credit or an income source in the US and still qualify.
I highly recommend this company. Being a realtor and a broker for 12+ years I have seen a lot of hard workers. I have to say Marites is definitely at the top of that list. She worked diligently to get my client to closing even though he had been turned down by previous lenders. Marites is a good one and I will certainly used her again in future real estate transactions!!
Diron C.
How the process works
If you're ready to enter the US real estate market, our specialists will guide you
Yes, I am ready to take the first step
The initial call with our lending team is free of charge. As with all of our clients (whether US residents or not), we will ask for documents that verify your identity, or assets to ensure your down payment, closing costs, and monthly loan payments.
Shop for your perfect USA property
For this exciting stage, Foreign National mortgages typically require 25% of the purchase price. For investment properties, we will share our mbanc Invest software results to measure how the property will perform as a short-term rental investment.
Complete the application & close the transaction
We guide you step-by-step to apply for approval. Usually, a loan approval only takes a few days! Once approved, we’ll provide a commitment letter outlining your mortgage loan terms. We will also go over this with you verbally.
Explore the range of mbanc mortgage solutions for Foreign Nationals
Mortgage Approval Made Simple
Aside from great mortgage programs, at mbanc, you’ll find enthusiastic and knowledgeable experts ready to offer you premier service.
Interest-Only Mortgage
Investors love the tax benefits for offsetting mortgage interest.
Foreign National Mortgage
Blog
Foreign National Mortgage Success Stories
Connect with the mbanc team to get the best rates available to foreign nationals
Connect with the mbanc team to get the best rates available to foreign nationals
Frequently Asked Questions
Contact us for a complimentary quote on our competitive rates to discover your potential qualification amount.
Who is the Foreign National Jumbo Mortgage Program designed for?
It’s tailored for individuals who may not reside in the US but want to purchase or refinance a property.
What do you mean by "credit reference letters," and why are they needed?
Credit reference letters are testimonials or documents from financial institutions or lenders that vouch for your creditworthiness. For this program, at least 3 such letters are required to assess your financial reliability in the absence of traditional US-based credit reports.
Who is the Foreign National Jumbo Mortgage Program designed for?
It’s tailored for individuals who may not reside in the US but want to purchase or refinance a property.
I haven't owned a property in the US before. Can I still qualify for this program?
To qualify for this program, you need to have owned a property, whether in the US or elsewhere, within the last 3 years. This requirement ensures a certain level of familiarity and experience with property ownership.
What is the maximum loan amount and LTV ratio under the Foreign Natinoal Mortgage program?
The Foreign National program offers loan amounts up to $1.5 million with a maximum loan-to-value (LTV) ratio of up to 75%, facilitating substantial financing options for investment properties.
What are the rates for Foreign National Mortgage?
Your specific mortgage rate is influenced by a range of elements: how you qualify for the loan, down payment / equity, loan terms. Reach out to us for a complimentary quote on our competitive rates for foreign national mortgages and discover your potential qualification amount.