It is possible for those new to the US to purchase property with a mortgage loan. These programs are designed for borrowers without documentation and works for those with money oversease. Prospective borrowers interested in this program will need a passport and proof of ability to repay.
The program details are as follows:
No FICO Necessary
No credit score is required to qualify for a loan. If you have not established credit, or have really poor credit scores, you may still qualify for this loan.
No Proof of Income Necessary
This program requires no W2s or paystubs.
No SS Necessary
If you do not have a social security number, you may still qualify for this loan.
No Citizenship Necessary & No Green Card Necessary
No government documents of citizenship or green card needed. Just a passport.
N/O/O or O/O
Money in Foreign Banks or Offshore Accounts - OK
Matress Money - OK
65% LTV on O/O with ITIN# and proof of ability to repay
70% LTV on N/O/O Purchase - Stated
65% LTV on N/O/O Refinance - Stated
Only requires a passport
Loans up to $4 million (exceptions considered on high loan amounts)
Eligible Property Types:
Residential SFR, Condo 1-4 Units
Non Warrantable Condos/Condotels
Groups of Condos
Owned by LLC or Corp
Please don't hesitate to contact us here at Client 1st Mortgage for any questions. (916) 332-1056