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Foreign National Jumbo Loans

Who is our Foreign National Jumbo Loans Best Suited For?

This mortgage is a great option for someone who may not live In the United States and wants to purchase or refinance a property. This program works for individuals who live and work in the United States that want to purchase but may not have a social security number, a green card or proper documentation.

How Do Foreign National Jumbo Mortgages Work?

These mortgages are portfolio loans that are not connected to any government agency. These loans are ideal for a client that may not live in the US but would like to invest in real estate. Most traditional lenders require a social security number or some form of citizenship allowing you to be in the US legally. This program has no such requirements. An additional feature is that this program allows for borrowers to be living and working in the US and still qualify.

Loan Program Highlights for Foreign National Jumbo Loans

Loan amounts up to $3 million*
Maximum loan to value (LTV) is 80%
Must qualify full doc (or whatever version of full doc exists from the country of origin)
No credit score is required (foreign credit reports allowed, or alternative credit allowed to show your credit worthiness)
No social security number, green card or visa required
Max DTI is 50%
Minimum of 6 months reserves required**
This program is eligible for purchase transactions or refinance rate and term or cash out. Unlimited cash out options are available
Primary residence, second home and investment properties are eligible on this program
Single family homes, condominiums and 2-4 unit homes are all eligible for financing
Non warrantable condo financing available
Interest only available
5/7/10 year ARM – available
Minimum mortgage amount is $300,000.00

Mortgage amounts vary based on LTV, Credit, and overall creditworthiness*
More reserves will be required for mortgage amounts over $1,000,000.00**

Mbanc, a mortgage lender. Mortgage bank of california dba mbanc. Nmls id # 38232 (nmls consumer access site). Arizona mortgage banker license – license # 0943170. California – dbo finance lenders law license – license # 60dbo45280. California – dre real estate corporation license endorsement – license # 01521655. Colorado mortgage company registration – regulated by the division of real estate. Connecticut mortgage lender license – license # ml-38232. District of columbia mortgage dual authority license – license # mlb38232. Florida mortgage lender license – license # mld1287. Georgia mortgage lender license/registration – license # 48090 (dba mboc home loans). Hawaii mortgage loan originator company license – license # hi-38232 (dba mboc home loans). Idaho mortgage broker/lender license – license # mbl-2080038232. Illinois residential mortgage license – license # mb.6761396. Maryland mortgage lender license – license # 21870. Michigan 1st mortgage broker/lender license – license # fl0022526. New jersey residential mortgage lender license – regulated by the department of banking & insurance. North carolina mortgage lender license – license # l-183446. Ohio residential mortgage lending act certificate of registration – license # rm.804374.000. Oregon mortgage lending license – license # ml-5804. Pennsylvania mortgage lender license – license # 71003. South carolina-bfi mortgage lender / servicer license – license # mls – 38232, mls – 38232 otn #1 (dba mboc home loans). Tennessee mortgage license – license # 178934. Texas – sml mortgage banker registration – regulated by the department of savings and mortgage lending. Utah mortgage entity license – license # 10877496, 10826912, 10827018. Virginia lender license – license # mc-6638. Washington consumer loan company license – license # cl-38232. Wyoming mortgage lender/broker license – license # 3912. Nmls consumer access site neither mbanc nor mortgage bank of california is a chartered bank or trust company, or depository institution. They are not authorized to accept deposits or trust accounts and are not licensed or regulated by any state or federal banking authority.

Apr of 6.627% based on an investment property cash out 60% ltv with a fico of 688 on a positive debt service transaction with 1% origination fee with a loan amount of 177k apr of 7.757% based on a primary property cash out at 55% ltv with a fico of 652 on a 24 mo business bank statement transaction with a $9000 origination fee with a loan amount of 605k apr of 7.275% based on an investment property purchase at 75% ltv with a fico of 762 on a negative debt service transaction with 1.25% origination fee with a loan amount of 1,269,750 apr of 5.298% based on a primary property purchase at 80% ltv with a fico of 773 on a 12 mo bank statement transaction with a 2% origination fee with a loan amount of 184k the above information is based on specific scenarions. Rates and fees are subject to change and borrowers must meet guideline criteria to qualify. – heter iska