Foreign Investment Mortgage

[Suleman Aziz]

Hi guys,

UK investor here, looking for mortgage lender that could get us a reasonable deal. As we don't have credit in US we are getting extremely high rates and requirements. So far best we've been offered is 25% down payment, min $75k mortgage at roughly 9% interest rate. We're happy with the down payment however need roughly a minimum of $50k mortgage and ideally a lower interest rate for it to be worth while. We could potentially get a work visa but not sure how long that would take and the viability of it. Any help would be much appreciated!

[Erik Estrada]

Quote from @Suleman Aziz:

Quote from @Erik Estrada:

9% sounds about right for foreign nationals. The best I've seen is 8% but FICO and experience must be there. 

You can do a blanket loan to get that $50k minimum. Otherwise, $75,000 is standard for most NON QM lenders

Thanks Erik for your input! Do you offer a blanket loan service for foreign nationals or point me in the right direction? 

 yes I do