Foreign National Loan is a residential investment-property loan sized to a borrower without US tax residency, social security number, or US credit history. Programs use ITIN (Individual Taxpayer Identification Number) or passport-only qualification. FN loans are ~40-50% of repeat-borrower volume in the desk's book. Programs require larger reserves (12-24 months PITIA), tighter LTV (max 65-70%), property appraisal on every file (no AVMs), and source-of-funds verification at closing.
Loan Programs