Foreign National Loan

 Happy Valentine’s Day! 

 Wishing everyone a sweet and wonderful day!  I LOVE this arrangement from Dolce Design Studios! A nice alternative from red.

 Good Old White! 

No doubt about it, approved color is super hot right now but how can you go wrong with white?  I love these little details from a wedding last summer – all white with little hits of color and texture.  It is hard to see but the signature cocktail had a gold flake garnish to add a little sparkle.  Pure and simple!

 

 Good Old White! 

No doubt about it, ampoule color is super hot right now but how can you go wrong with white?  I love these little details from a wedding last summer – all white with little hits of color and texture.  It is hard to see but the signature cocktail had a gold flake garnish to add a little sparkle.  Pure and simple!

 

Unique Mortgage Banking

Up To Date & Unique Mortgage Banking Programs

Finance One provides the most up to date and unique mortgage banking real estate loans including Hard Money for borrowers and/or properties that do not meet conventional underwriting guidelines. We offer many types of unique mortgage banking solutions including low rate Stated Income Loans to $2M, cure Foreign National loans, remedy non-warrantable condo financing, page low rate private/hard money loans from $150K+ (commercial and residential)…we have many Private Mortgage Banking specialty financing solutions… Read More or Contact Us >

Nationwide Unique Mortgage Banking Program Details:

FHA HARP Program: We are one of the few experts of the HARP home loan. Borrowers will soon be able to refinance no matter how far “underwater” they are. Must have made last six payments, one missed payment in the last year max and have a job or other income. No income, no asset, no appraisal… Read More >

Residential Portfolio Lending: Unique mortgage banking residential no income and high ratio loans are in high demand. We offer stated income loans to 80%+ with low competitive rates to $2M+; low rate and interest only super and ultra jumbo loans to $10M+; low rate gross income qualification loans to 80%; hard money loans to 70% (with the lowest hard money rates to boot)! We also finance Foreign Nationals, non-warrantable condos and condotels nationwide! Call for more Unique Mortgage Banking information… Read More >

No Doc Loans: The Unique Mortgage Banking Express No Doc Loan is designed to make No Doc Loan financing fast, easy and accessible. The No Doc Loan program (no income, no asset, no fico) is the most streamlined No Doc Loan program offered… Read More >

Stated Income Loans: Three Unique Stated Income Loan available nationwide (some states case by case). Loans up to 80% LTV NO FICO, NO ASSETS… Read More >, FL Read More >

High Ratio Loans: Unique Mortgage Banking common sense underwriting nationwide. We can use the high ratio Loan program, aka Asset Depletion, to offset ratio guideline for borrowers with significant assets… Read More >

Foreign Nationals : We can lend to Foreign Nationals! Passport needed at minimum.  Unique Mortgage Banking conventional financing may require US bank account and in some cases US income… Read More >

Condominiums: Non warrantable condos, condotels (condo hotel) and co-ops. Non-warrantable condos nationwide, condotels nationwide…very low competitive Unique Mortgage Banking rates… Read More >

FHA Streamline: Take advantage of the FHA Streamline Refinance and turn the equity you have built up in your home into cash to aid in bills, college, a new roof, etc… Read More >

Commercial: Prime or Non-Prime…we are very creative and do what it takes to close loans. The lowest Unique Mortgage Banking rates for prim properties! Stated income apartment loans available nationwide… Read More >

Construction: Unique Mortgage Banking helps investors leverage their capital to build properties for investment purposes. We are fast and close deals quickly. Up to 75% cost to build! Residential and commercial nationwide… Read More >

Some loan programs many not be available in all states (case by case). Programs and guidelines subject to change without notice.

Find program guidelines for your your city or state:

Affiliations: NAMB | NBA | NAMP | GM

Unique Mortgage Banking programs and guidelines may change without notice.

Non-Warrantable Condos: How To Buy The Bargins

Is a Non-Warrantable Condos Right For You?

Non-Warrantable CondosNon-warrantable condos have recently gotten some time in the real estate spotlight due to the recent upheaval in the Freddie Mac and Fannie Mae areas. These are condominiums that cannot be sold to either institution because they do not fit into the requirements of a sellable building. They are often considered “high risk” purchases because of their inability to meet warrantable requirements, abortion but can have great rewards as well.

The major issue that many buyers have with non-warrantable condos is that they don’t appreciate in value as rapidly as their warrantable counterparts usually do. Since the ease of purchasing a warrantable condo can play a crucial role in real estate decision-making, visit web owners of non-warrantable condos usually sell their condos at a huge discount.

For a first time homeowner, a non-warrantable condos is a great option, especially if you want to live in that condo for a long term period. After approximately 5 years, it’s also possible that your condo can become warrantable as well. This means that your condo will rapidly appreciate in value, and you will get a higher profit than what you would have gotten if you had bought it as a warrantable condos.

Getting a non-warrantable condos can be difficult if you don’t have the immediate funds on hand, but with a little strategy and a lot of research, it can happen.

Most warrantable condos will cost a pretty penny, but will have lower rates than non-warrantable condos, since banks find them to be less of a risk. It’s a lot easier to get a loan to buy a warrantable condos, since many banks have a strict policy against loaning money for non-warrantable condos. Since finding financing for non-warrantable condos often means extremely high rates, it’s important for people choosing to buy a non-warrantable condos to have a hefty  down payment available if possible.

The best way to get a non-warrantable condos loan is to find a bank which specializes in them. Bring a good credit score, some assets to show them, and as much proof of income as possible. The best way to find a non-warrantable condos loan is to ask a realtor about how to finance the purchase. Nine times out of ten, they will know of a local bank that finances this particular genre of condo. Getting a loan for this kind of condo is difficult, so don’t be too let down if you get refused from the first bank you approach.

The future of non-warrantable condos remains uncertain. Loans will become increasingly difficult to receive, but at the same time, discount housing will become increasingly popular. There is also a chance that Freddie Mac and Fannie Mae will both be reformed in a way to make all condos warrantable. In the slim chance that this may happen, many buyers of non-warrantable condos will be very thankful that they made that decision to buy.

Commercial Lending Information

 Nationwide Commercial Lending

Commercial Lending

Commercial Lending

Finance One Nationwide Commercial Lending is second to none. We make sense of hard to do loan situations and welcome the challenge. Commercial lending can be difficult to finance, viagra buy especially when time frames are tight. Some property types are very difficult to find funding for at all. Finance One can use the equity from one or more properties to get the funds property owners / investors require in a timely manner. When Commercial Lending flexibility is the name of the game, price Finance One is ready. You can help s understand more about your needs by contacting us or submitting an Executive Summary.

Commercial Lending Program Highlights

  • Commercial Lending Stated Income Apartment Loans Available!
  • Commercial Lending Rates Starting at as low as 5% (as low as 7.99% hard money) up to 90% LTV
  • Up to 70% LTV/CLTV hard money
  • Commercial Lending Interest Only Loans
  • No Pre-Payment Penalty (most cases)
  • 6 to 360 Month Terms (ability to recast in most cases)
  • Fast Commercial Lending Closing (Able to fund in 7 to 14 days in many cases)

We are experienced in the Commercial Lending space and can help you fund your commercial properties in a timely manner while keeping hassles to a minimum. Contact us today to find out how we may be able to help.

More Commercial Lending information from Finance One:

 

Commercial Lending Loan Profile:

Commercial Lending Property Types Office, shop industrial, retail, apartments, mobile home parks, R&D, mini-storage, condo conversion, and on a case by case basis; land, entertainment complexes, hotels and motels, and other specialty properties…other property types case by case…call!
Commercial Lending Geography USA Nationwide, but prefer Western States
Commercial Lending Loan Size $150,000 minimum to $30,000,000
Commercial Lending Security First and/or second mortgages
Funding Time Two weeks or less. As fast as 48 hours under emergency circumstances with proper documentation
Borrower Profile Prefer entrepreneurial, hands-on leasing and management, proven experience, local market presence, credit-worthiness
Leverage/Equity Loans to 80% LTV (Higher LTV considered on purchase transactions and special circumstances.)
Loan to Cost Up to 70%, possibly higher for special circumstances
Pay Rate Positive debt service coverage preferred
Loan fees 5 to 6 points depending upon type of deal and term
Rates Short term fixed or adjustable rates. ( 5% to 13%…low as 7.99% for hard money)
Terms 6 mo to 30 yrs
Amortization Interest only available
Recourse Depends on deal specifics
Prepayment Typically no prepayment penalty

Program many not be available in all states (case by case). Programs and guidelines subject to change without notice.

Find program guidelines for your your city or state:

Affiliations: NAMB | NBA | NAMP | GM

This is not an offer to lend. Call for details. Commercial Lending programs & rates change daily and without notice.

Unique Loan Programs

 

Stated Income, information pills No Doc, discount  IO, sale FN…Unique Loan Programs!

 

Unique Loan Programs Nationwide

Finance One now offers unique loan programs like Stated Income Home Loans (Stated Income Loans available nationwide, some states case by case), no doc loans, foreign national loans, high ratio loans, etc. We have established private mortgage banking relationships with several institutions to bring unique loan programs to our clients. Example: stated income 3yr Arm, Owner Occupied, stated income loan, 80%+ LTV to $1M, 80% LTV to $3M!…

The Unique Loan Programs…Stated Income Loan and No Doc Loan:

? States: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY (same states case by case).
? Purchase 80%+ LTV to $2M; Refi 80% to $2M
? Self Employed and W2 income accepted
? Residential: OO, NOO, Investment, 1-4 Units
No Doc Option Available
? C/O Refi max OK; No C/O in TX
? Min FICO min w/ no derogatory history
? OO ARM: 3/1 & 5/1; NOO 3/1, 5/1, 7/1, 30/15 yr
? Months PITI Required Liquid, 3 Months Seasoned
? Foreign Nationals, Trusts, Coprs and LLCs allowed
? Max number of properties finance: 15 total
? Non-Occupant Co-Borrower Allowed

*** Unique loan programs  are offered nationwide case by case! With a 400K loan amt and above average assets required! ***

* Note: This unique loan program is not VOE. No banking relationship necessary for loans $3M and under in most cases. Min 30 day close. Stated Income Loan not in al states.

Hard Money Starting @ 6% Residential; 8% Commercial…unique loan programs!

? No Asset, No Income, No FICO option available.Cash-Out on Investment Properties w/o Seasoning
? Construction: Residential and commercial to 65% Cost to Build
? Residential: OO & NOO, 75% LTV, SFR & 1- 4 Unit Only
? Commercial, Residential & Land
? $50K to $30M (rates will vary)
? Purchase/Refinance/Restructure
? Minimal Paperwork – Fast! One Week Funding!
? First, seconds and HELOCs available!
? No Prepayment Penalty Options
? Solid Exit Strategy Required
? Six to Thirty-Six Month ARMs

Other Hot Unique Loan Programs !

? Full Doc Suner and Ultra Jumbo Bank Loans on SFR up to $10M+
? 580+ FICO Full Doc Program: Non-FHA!
? JV programs $1M and up!
? 401K and Non-Recourse Loans available!
? Stated Income Loan is available!
?Cross Collateral Programs Available!
? We can lend conventional and private money Nationwide including FHA!

Program many not be available in all states (case by case). Programs and guidelines subject to change without notice.

Find program guidelines for your your city or state:

Affiliations: NAMB | NBA | NAMP | GM

Please contact us with your questions regarding Stated Income Loans or other programs.

The Stated Income Loan and No Doc Loan available in all states case by case. Call for more unique loan programs details!

Foreign National Loan Nationwide

Foreign National Loan
Foreign National Loans

Foreign National Loan

Foreign National loan nationwide case-by-case up to 60% LTV, cheapest commercial and residential, cialis 40mg $150K min loan amount. Foreign National loan require passport at minimum. Foreign National loan conventional financing may require US bank account and in some cases US employment (L1). For private money Foreign National loan require US passport only, case by case. Contact us for more information or submit an Foreign National loan Executive Summary.

Foreign National Explanation:

  • Permanent Resident Alien: the borrower lives and works in the U.S. and has a Green Card.
  • Non-Permanent Resident Aliens: the borrower lives and works in the U.S. and is here on a VISA.
  • Foreign Nationals Loan: The borrower has no Green Card and no VISA.

Foreign Nationals Loan: Program #1 (Nationwide…NO FICO)

      • The borrower has no Green Card and no VISA for a Foreign Nationals Loan.
      • Max 60% LTV; we underwrite as Second Homes…if an investment property, underwriters will consider Foreign Nationals Loan on a case by case basis.
      • Minimum Foreign Nationals Loan amount of $300,000.
      • Foreign Nationals Loan Credit: 
        • No Fico required…four credit references required – alternate credit from country of origin is
          okay…international credit reports are also acceptable. .
      • Income:
        • Foreign Nationals Loan require 2-years income verification history but it is not necessary to have U.S. tax returns…tax documents from country of origin is okay for a .  If the Foreign National loan country of origin does not require the borrower to file the equivalent of tax returns, then we need an employment letter on company letter head explaining compensation.
      • Assets:
        • Must source seasoned assets in a known verifiable worldwide financial institution (i.e., Credit Suisse, HSBC, UBS, Bank of Tokyo)…the funds cannot be in an institution which cannot be verified. The main reason for sourcing the income and assets is for OFAC (Office of Foreign Assets Control) which monitors foreign countries, regimes, known terrorists, etc.
      • Tax Preparer or Equivalent – Financial Analysis:
        • If the income and asset documentation is in a foreign language, you need to get an Accountant/CPA (tax preparer or equivalent) to analyze, interpret, convert and present the information in such a way so the Underwriter can easily understand it. That is, have a comprehensive summary and accounting of the borrower’s financial position for a Foreign Nationals Loan.
        • Include a business card or letterhead of the tax preparer or CPA so the underwriter can contact if needed.
        • All U.S. Embassies provide translation services.
      • Foreign Countries with Credit Reports & Tax Filing Systems include Australia, Britain/UK, Canada, China, France, Iran, Israel, Mexico, Poland, Thailand, South Korea, Asia, Vietnam, etc.
      • Foreign Nationals Loan borrower must have Social Security Number or Tax Identification Number (TIN) which can be easily be acquired through an Accountant/CPA or visit the IRS website that explains what and how to get a TIN. As long as the borrower has applied for the TIN, we can proceed.
      • Foreign Nationals Loan borrower needs a Passport and second form of ID.
      • Power of Attorney is not permitted for Foreign Nationals Loan. The borrower will have to go to an American consulate to sign and have loan documents notarized.
      • Foreign National loan borrower VOM/VOR is required for previous 12 months.
      • Foreign National loan Pledged Assets is permitted, however, the assets must be in a U.S. bank account.
      • Foreign National loan Asset Depletion is permitted by exception, however, the assets must be in a U.S. bank account.
      • Interest Only is optional for a Foreign Nationals Loan.
      • Foreign National loan require reserves of 12-months full debt service (including all payments, cars, etc.).
      • When pricing a Foreign National Loan, there is a specific rate adjustment….  However, you do not need to also adjust for no Fico or second home…these adjustments are built-in to the Foreign National Loan adjustment.

 Non-Permanent Resident Aliens (not a foreign national loan):

      • The Foreign National loan borrower lives and works in the U.S. and is here on a VISA (L1, B1, etc. – we don’t accept all VISAs so check with me if not L1 or B1).
      • Regular Foreign National loan LTV Matrix is available – no specific limitations.  However, when income is foreign we typically
        restrict the LTV to 50% much like a Foreign National, unless the foreign income is reported on the U.S. tax returns.  However, we might be able to raise the LTV slightly depending on the scenario.
      • The VISA should be good for another 3 years and if it isn’t then the employer company would need to verify that the VISA will be renewed.
      • Link to the State Department’s website information regarding VISAs:  http://travel.state.gov/visa/temp/types/types_1271.html#1.
      • The borrower must have a Social Security Number for a Foreign National loan.
      • The borrower hopefully has U.S. credit but if not, then we’ll need alternative credit for a Foreign National loan.
      • Reserves of 12-months full debt service (including all payments, cars, etc.).
      • There are no specific rate or pricing adjustments for a Non-Permanent Resident Alien and Foreign National loan

Permanent Resident Alien (not a foreign national loan):

      • The borrower lives and works in the U.S. and has a Green Card.
      • Regular LTV Matrix is available – no specific limitations.  However, when income is foreign we typically restrict the LTV to 60% much like a Foreign National, unless the foreign income is reported on the U.S. tax returns.  However, we might be able to raise the LTV slightly depending on the scenario.
      • The borrower requires U.S. credit and U.S. assets for a Foreign National loan.
      • The borrower must have a Social Security Number for a Foreign National loan.
      • Reserves of 12-months full debt service (including all payments, cars, etc.).

There are no specific rate or pricing adjustments for a Permanent Resident Alien and Foreign National loan.

More Foreign National Loan Information:

Stated Income and No Doc Foreign National Loan Guidelines:

      • OO, Inv & NOO: 3/1, 5/1, 15 and 30 yr
      • 60% LTV w/o US Credit (65% pur)
      • Residential: SFR, Condo, PUD & 1- 4 Unit Only
      • Foreign Nationals loan need at min a passport at time of application
      • Asset verification needed case-by-case for a Foreign National loan

Program many not be available in all states (case by case). Programs and guidelines subject to change without notice.

Find program guidelines for your your city or state:

Affiliations: NAMB | NBA | NAMP | GM

Please contact us for more information.

This is not an offer to lend. Call for details. Foreign National Loan programs & rates change daily and without notice.

4avg.rating 26 votes.