Foreign National Loan
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Foreign National Loan
Today’s market patterns have approved many foreign nationals to take fantastic benefit of real estate deals on American land. The term “Foreign National” puts on all that are non-U.S. nationality.
At Onyx Capital Lending – we provide loans to foreign nationals with phenomenal terms. For big shots in real estate industry, the investor can use this loan as secondary home or real estate investment property in the United States for a foreign national.
We offer a minimum loan amount of $10,000 USD, with the maximum of 65-75% LTV, funding to buy and refinances of residential or commercial properties in the United States.
Our foreign national loan program is for investment homes just, with single-family and multi-family residences being qualified, along with condominiums, townhouses as well as business residential properties.
Amortizations just have an optimum of 15 years for our Foreign National Lending program. Borrowers require a reasonable earning; however, the majority of deals do not need for verification.
However, the financing approval chance is stronger when proof of earnings is exchanged USD. Finally, the borrowers will certainly require a foreign passport when applying for this loan.
Loan Features
Maximum LTV of 70% and maximum LTV of 65% for cash out
Maximum funding up to $3M, minimum funding is around $100,000
A DSCR program with a 1:1 proportion on cash flow
Property obtained and experienced for 60 days – should be in a United States.
12 months books needed as well as need to remain in a bank in the United States.
Auto-payment of ACH is called for and the application must be finished at closing
Can not live in the US
Should have an appropriate Visa
No funds on gifts allowed
Live and work in another country.
Income documentation differs by investor and borrower’s profession.
Please note that you may not be eligible for loans even if you meet all of this eligibility. Please call (401) 329 9904 or email us to check if you can be approved for the loans.
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