Foreign National Loans - Frequently Asked Questions
FAQ's
What are the most common forms of loans for Foreign Nationals?
With NHAD Foreign Nationals have access to the most extensive loan product selection in the industry. With NHAD you will have access to the same loan product selection that an American citizen would. This selection includes: Construction Loans, End loans, Fixed Rates, ARMS, Term ARMS and Jumbo financing programs, Interest Only Programs, Full Doc and Stated Programs, Lot Loans, and MANY MORE. Our selection is unmatched!
How much of a down payment to these loans require?
Depending on the Loan Product you choose your down payment will vary, but it is usually between 25% - 35%.
What type of documentation will be required?
It is up to you. Different Loan Products require different documentation. Do you want Full Documentation, Stated Documentation, or No Documentation? We let you choose.
As you can see, there are many different Loan Products you can take advantage of. Your Loan Counselor will work with you to determine what Loan Product meets your needs and is the ideal product for your particular situation.
Are Foreign National Loans harder to qualify for?
With NHAD, ABSOLUTELY NOT!! In most cases, it is almost easier for a Foreign National to qualify for a mortgage than the average American. By the time your loan is complete the lending institution is left with such little risk that they really like doing these loans!