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mjs0325
193 Posts |
 Posted - 08/01/2008 : 10:44:07 AM
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| Anyone out there know of any banks doing loans for Foreign Nationals? My client has 30-40% down. Any help would be greatly appreciated. |
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clarenceworley
4230 Posts |
Posted - 08/01/2008 : 10:51:26 AM
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| Emigrant Mortgage does them in a limited market area. |
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mjs0325
193 Posts |
Posted - 08/01/2008 : 10:52:45 AM
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| I need it in California |
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PBFinancial
429 Posts |
Posted - 08/01/2008 : 11:37:36 AM
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I can do this if the borrower is putting down 40% at 11.50% on a 40 due in 20 with 3 mth pp with a cost of 4 points and $795 underwriting fee. Close within 5-7 business days.
Let me know if you have any questions.
Pouyan Broukhim
PB Financial Group Corp
310-289-0900 x 102 Office
866-318-4471 Direct Fax
Pbroukhim@pbfinancialgrp.com
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mjs0325
193 Posts |
Posted - 08/01/2008 : 11:39:18 AM
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| Hard money is not an option for my clients, unfortunately. |
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dkendall1979
10291 Posts |
Posted - 08/01/2008 : 11:42:54 AM
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Neither is owning US property then.
If the loan amount after a significant down payment is $1.5M or greater, we have a loan for them. However, there will be points involved. Rate = 6.5% on a 5/1 ARM. This is with our in-house fund.
quote:
Originally posted by mjs0325
Hard money is not an option for my clients, unfortunately.
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rdcurry
406 Posts |
Posted - 08/01/2008 : 11:53:34 AM
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mjs0325, I just tried to send you an email but it did not go through, please email me at rdcurry@downeysavings.com.
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mjs0325
193 Posts |
Posted - 08/04/2008 : 09:31:16 AM
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| bump |
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stanshaw
41 Posts |
Posted - 08/16/2008 : 7:49:38 PM
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I am a former "Captive" wholesale AE for a national lender that has gone on to start my own Independent Wholesale Rep firm. I now feature programs from different lenders that work in todays market, I just got a new program from one of my internationl lenders that is designed for US residents and Foreign Nationals looking to take advantage of todays market in the US and Canada and buy either 1-4 family investment properties or second homes. Here are the basics
Up to 100% LTV!
No US Residency Requirement!
4.5% current Rate, uses 3 mo. ARM
Full Doc only !
NO Credit Report! NO Minimum Score!
No Maximum Loan amount!
NO property maximum!
No Prepayment Penalty!
Payments made quarterly in arrears!
Refinance or Purchase Money
1-4 Fam. Non Owner & Second Homes
Mid to Hi Rise Condos or Co-Op’s
NO Occupancy Ratios! Non Warrantable no problem!
I also am featuring a smart alternative to reverse mortgages from another international bank that provides Seniors with debt free cash, no closing costs and more, pays 1% of the VALUE of the property with a 1 page application!
Email or call me for more info.
Stan Shaw
T W S
508-308-7511
Stansloans@aol.com
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slants
4274 Posts |
Posted - 08/16/2008 : 8:14:27 PM
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| South Trust Funding just started doing Foreign Nationals w/ 40% down on 8/15. Don't know if they lend in CA, but I was told they do. |
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Goat roper
106 Posts |
Posted - 08/17/2008 : 02:01:47 AM
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| SBB financial. 40% down and a rate of 11.5. |
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