Understanding Eligibility Requirements

Foreign National Loans generally require a larger down payment than traditional loans, typically ranging from 20% to 40% of the property’s value. However, they do not require U.S. credit history or tax returns, which makes them more accessible to foreign investors. Your ability to repay the loan will be evaluated based on your income, assets, and the property itself. We work with international buyers to determine eligibility and ensure you have the support you need every step of the way.

Loan Terms and Interest Rates

Interest rates for Foreign National Loans are typically slightly higher than those for U.S. citizens. However, Savvy Mortgage Service strives to offer competitive rates and flexible terms that make investing in U.S. real estate more affordable. We offer both fixed and adjustable-rate options, allowing you to choose a loan structure that aligns with your investment strategy and financial goals.

Property Types Eligible for Foreign National Loans

Foreign Nationals can use these loans to purchase a variety of property types, including residential homes, condominiums, and even vacation properties. However, the property must be for personal use or for rental income purposes. We ensure that you understand the eligibility for the types of properties you can purchase to make the best choice for your investment.

No U.S. Credit Score Requirement

One of the biggest advantages of Foreign National Loans is that they do not require a U.S. credit score or U.S.-based tax returns. Instead, lenders focus on the financial strength and creditworthiness of the borrower from their home country. At Savvy Mortgage Service, we work with international financial institutions to make the application process more straightforward for you.

Documentation and Paperwork

While Foreign National Loans have fewer documentation requirements compared to traditional U.S. loans, some paperwork is still necessary. Typically, you’ll need to provide proof of identity, proof of income, bank statements, and legal documentation that confirms your ability to legally purchase property in the U.S. Our team helps streamline this process to ensure that all paperwork is submitted correctly and efficiently.

Why Choose Savvy Mortgage Service for Your Foreign National Loan

At Savvy Mortgage Service, we pride ourselves on offering personalized service and expertise in securing Foreign National Loans. Our team is experienced in handling international clients, offering guidance in multiple languages and understanding the nuances of foreign investment. We provide clear communication, competitive rates, and expert support throughout the entire mortgage process, helping you achieve your U.S. real estate investment goals with ease.