- Down payments starting at 25%
- Loan amounts from $50,000 to $2 million
- No American credit necessary
- Full Income documentation AND Stated Income documentation programs available
- Fixed and adjustable rate programs available
- Interest only payments available as well
Other pertinent information which I believe to be helpful:
- Most loans have a pre-payment penalty~usually 3 years
- Loan Limits and Loan to Value limits based on: Property type, Program type, Purchase versus refinance and Loan amount
- All borrowers must supply proper identification: Visa, passport & drivers license
- Most loans require 6 months of reserves deposited into a U.S. bank account prior to closing and authorization for withdrawal
*Obviously all programs are subject to change without prior notice. This is being provided for informational purposes only. For additional information please contact Kelly Rebimbas at 239-273-5239 (direct).
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Foreign National programs start with 65% LTV or 35% down. 25% down is gone with all wholeslale lenders who still do foreign nationals. However some private lenders and banks offer variations of down payment requirements like 25% down plus 10% placed on bank's CD account and normally 3 to 6 months of reserves.
ReplyDeleteStated Income loans are still there at up to 75% LTV, No Income loans are available too up to 70% LTV. Primary home and 2nd home programs still look good. Investor programs are hit by lower LTVs.
ReplyDeleteBy the way I help For Sale By Owners advertise their properties in Europe. Very comprehensive package covering over 25 million people in advertising.