Can Foreign Nationals Get a Loan?
A foreign national is a person who resides part-time in the United States but is a citizen of another country. There is a growing interest of foreign nationals in buying real estate in the US, but it can be difficult for them to get conventional loans for a number of reasons:
- Their income may not be verifiable by a US bank
- They don’t have credit ratings in any US credit agency
- Their investment holdings are in banks who do not have a presence in the US
For these and other reasons, AHL Hard Money Network has established our Foreign National Loan Program. It is possible for a foreign national to obtain loans for US properties. In Florida alone, almost a third of home purchases are by foreign nationals, with a high percentage being cash transactions.
The advantages of using AHL Hard Money Network’s Foreign Nationals Programs:
- No credit report or check is needed
- Fast underwriting with no conventional bank hassles
- Both refinancing and home equity loans are available
- Quick closings with a clear title and limited documentation needed
- Bad credit not a problem
- Our loans are equity-based
- Loans up to 60% LTV
- Review in one business day and closing often in less than 14 days
- Terms from 5-30 years
- Prepayment penalties 1/2 or 3 years
Foreign nationals interested in US property investments can connect with us by filling out our inquiry form or call AHL Hard Money Network at 813-516-5210.