A Foreign National Loan exists to help non-residents take out a mortgage loan. Foreign nationals who are not residents, but still seek to own real estate are eligible for this loan. These loans can also help aid with building or renovating a home.
Typical Items Needed for a Foreign National Loan:
- Loan Application
- Borrower Authorization
- Bank Statements
- Picture ID
- Loan Submission Form
- Home Owners Insurance
- Mortgage Statement for Payoff Information
- Purchase Agreement (Contract)
If Corporation:
- Articles of Incorporation
- Bylaws
- Statement of Information
- Form W9
If LLC:
- Articles of Organization
- Statement of Information
- Form W9
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