Believe Lending

Foreign National Loan

With a max of 75%

An individual would use this loan if they are considered a Foreign National in the United States. A Foreign National is a person who is not a citizen of the host country in which he or she is residing or temporarily sojourning. For example, a foreign national in Canada is someone who is neither a Canadian citizen nor a permanent resident of Canada

WHO QUALIFIES??

8 years or older
Not a U.S citizen
Not a green card holder

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LOAN DETAILS:

LENDING CRITERIA	INVESTOR A	INVESTOR B	INVESTOR C
CREDIT REQUIREMENT	500 + FICO SCORE	NO U.S. CREDIT SCORE REQUIRED	NO U.S. CREDIT SCORE REQUIRED
DEBT-TO-INCOME RATIO	ITIN#* = 50% MAX DTI FOREIGN NATIONAL = NONE	NO DTI RATIO	NO DTI RATIO
MAX LTV	ITIN#* LOAN = 75% LTV FOREIGN NATIONAL = 75% LTV	UP TO 70% LTV	UP TO 75% LTV
ELIGIBLE PROPERTIES	SFR \| CONDO \| PUD \| MULTI-UNIT(2-4)	SFR \| CONDO \| PUD \| 5+	SFR \| CONDO \| PUD \| MULTI-UNIT (8 unit max)
IDENTIFICATION	PASSPORT OR ITIN#*	PASSPORT ONLY	PASSPORT
INCOME DOC REQUIRED	ITIN* # LOAN = FULL DOC FOREIGN NATIONAL = NO DOC	N/O/O = NO DOC	N/O/O = NO DOC
LOAN TERM RANGE	30 YEAR FIXED or 7/1 ARM*	*30 YEAR FIXED or 7/1 ARM 6 month - 30 Year**	1 year \|2 Years \| 4 Years
LOAN AMOUNT	$100K - $3MM	$100K - $2MM $10MM MAX ON BRIDGE LOAN	$100K – $5MM
MAX. LOAN ALLOWED	ITIN # LOAN = $1MM FOREIGN NATIONAL = $3MM	ITIN # LOAN = $1MM OREIGN NATIONAL = $2MM	$5MM
APPLICABLE STATES	CA, OR, CO, FL, TX	CA, OR, CO, FL, TX $10MM MAX ON BRIDGE LOAN	AZ, CA, CO, FL, GA, HI, NC, NV, OR, SC, TN, TX, UT, WA
LOAN PURPOSE	PURCHASE \| REFI \| C/O*	PURCHASE \| REFI \| C/O*	*PURCHASE \| REFI \| C/O \| REHAB**
RESERVES	NO RESERVES REQUIRED	NO RESERVES REQUIRED	RESERVES REQUIRED
OCCUPANCY	O/O \| N/O/O \| SECOND HOME	N/O/O ONLY	N/O/O ONLY
CLOSING TIMELINE	30 - 40 DAYS	30 DAYS	5-10 DAYS

If you have any questions, Call or Text Andrew Ojeisekhoba At 949-232-9569

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