Foreign National Loans

Foreign National Loans

A Foreign National is a non-resident alien who is not authorized to live or work in the U.S. or holds a work Visa that is indicative of a more temporary residency than those required to meet Non-Permanent Resident Alien Requirements. A Foreign National may periodically visit the U.S for various reasons including vacation and/or business.

To be eligible, the borrower must live and work in another country and be a legal resident of that same country.

They may not purchase property intended for use as a primary residence.

Foreign National loan process is very different from standard loans

We need to confirm their Visa type: B1, B2, F1, H2, H3, I, J1, O2, P1, P2, TN NAFTA, Laser Visa is eligible.

We need to confirm that the homebuyer is in the United States legally with:

• Copy of the borrowers valid and unexpired passport (including photograph)
• Copy of the borrowers valid and unexpired visa (including photograph) OR a I-797 form with valid extension dates and I-94. Borrowers from countries participating in the State Departments Visa Waiver Program (VWP) are not required to provide a valid visa.

Precision Lending Group offers Foreign National Loans under personal or entity name.

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