Believe Lending

ITIN 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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ITIN Foreign National Loan

CRITERIA	LOAN DETAILS
CREDIT	None required. If you do, minimum is 640
DOWN PAYMENT	25%
OCCUPANCY	2nd Home or Investment only
TERMS	30 Yr Fixed
TRANSACTIONS	Purchase, Refinance Rate & Term, or Refinance Cash-Out
ELIGIBLE PROPERTIES	SFR, Condos, and 1-4 Units
MINIMUM LOAN AMOUNT	$150k
MAXIMUM LOAN AMOUNT	$2 Million
LTV	Max 75%. Refinance Cash-out Max LTV is 65%
APPRAISAL REQUIRED	Yes
EMPLOYMENT	Full documentation with a Maximum Debt-To-Income Ratio 50%
BANK STATEMENTS	2 Month Bank Statement in an American Bank.
CLOSING TIME	30 Days
RESERVES	6 Months Required
HOUSING EVENTS	No Mortgage Lates
CREDIT EVENTS	No credit events such as bankruptcies, foreclosures, and short sales within the last 3 years
ELIGIBLE BORROWERS	Foreign Nationals (Passport is required)
NOTES	- In order to be eligible for a cash-out you must have owned the property for at least 6 months - There is no non-occupying co-borrower allowed on the loan.

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

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