Current US Status is not required nor verified.
No Social Security Number is to be stated on 1003 and no credit report of any
kind will be pulled (Domestic or Foreign).
Purchase and Refinance R/T: 65% LTV to $2M, Refinance C/O: 50% LTV
N/O/O Only. SFR 1-4, Condo’s and PUD’s accepted (Must be warrantable
Minimum 12 months reserves PITIA sourced and seasoned for 2 months
Foreign and Domestic Assets acceptable.
For Foreign funds, a Bank Letter on letterhead reflecting the borrower’s
daily average balance for 3 months and current balance will be accepted
in lieu of bank statements (Not Verified).
Borrower must be employed in another country for a minimum
of 2 years and an Employment Letter reflecting income and status
must be obtained (Not Verified).
Income is to be stated at a maximum of 40% DTI.
Present Address of borrower must be a foreign address (Not Verified)
and Mailing Address must be a domestic address other than Subject Property.
SREO is to list their current property in their country.
Up to 100% Gift Funds Allowed. Minimum 5% of Purchase Price + Reserves must
be Borrower’s own funds Sourced and Seasoned for 2 months.
Subject Property must be off MLS for a minimum of 90 days prior
to the submission date.
No max properties owned/financed.
Funding is taking approximately 30 days from time of submission
for both Purchase and Refinance transactions.
** CA, NV, IL, GA, MA, NJ, NV, NY, TX, WA **