Foreign Nationals

Foreign Nationals

Portfolio Mortgage Loan Programs For Foreign Nationals Homebuyers

In this guide on mortgage loans for foreign nationals, we will cover the process of foreign nationals eligibility requirements to purchase a home in the United States. Gustan Cho Associates, empowered by NEXA Mortgage, LLC, are mortgage brokers licensed in 48 states, including Puerto Rico, the U.S. Virgin Islands, and Washington, DC.

Portfolio Loans For Foreign Nationals

The economy in the United States is hot. Since President Donald Trump took office in January 2017, the U.S. Economy has finally dug out of The Great Recession of 2008. This latest Recession was the longest Recession in the history of the United States. The Dow Jones Industrial Average hit historical highs. The housing prices in the United States is increasing with no signs of any housing correction.

Both the Federal Housing Finance Agency (FHFA) and HUD, the parent of FHA, has increased loan limits for seven years in a row due to skyrocketing home prices. The FHFA increased conforming loan limits to $726,200 for 2023.

The U.S. Department of Housing and Urban Development (HUD) increased FHA Loan Limits to $726,200. The reason for the FHFA and HUD increasing loan limits on conforming and FHA loans is due to higher housing prices. Former President Donald Trump and Congress cut taxes where corporations are likely to expand and grow.

Non-QM Mortgage Loan Options For Non-Permanent U.S. Wage Earners

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There are various mortgage loan options for non-permanent resident aliens in the United States. Mortgage loan programs for non-U.S. residents besides mortgage loans for foreign nationals include ITIN mortgage loans for non-permanent resident wage earners living in the U.S., expatriate mortgage loans, and DACA mortgage loans for DREAMERS.

Foreign Nationals are eligible to be eligible for mortgage loans for foreign nationals so they can purchase a home in the United States. The mortgage process on non-QM foreign national home loans is straightforward with no major difference than the traditional mortgage loan process.

With a lending network of 210 wholesale mortgage lending partners, Gustan Cho Associates has hundreds of mortgage loan options available for owner-occupant homes, second homes, and investment properties. The most popular non-U.S. residents’ loan program is for non-U.S. residents working for a U.S. Company or subsidiary of a U.S. Company on a temporary work visas are foreign national mortgage loans.

What Classifies As Foreign Nationals

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Gustan Cho Associates offers portfolio mortgage loan programs for foreign national homebuyers. There are various types of mortgage loan programs for foreign nationals. Foreign Nationals are Non-U.S. Citizens who do not have permanent residency status with the United States Immigration and Naturalization Service. Foreign Nationals are allowed to invest in properties in the United States. Financing for Foreign Nationals are limited and somewhat can be challenging. All Foreign National mortgage loans are portfolio loans.

Foreign Nationals are eligible for financing on a home purchase with the various mortgage loan options offered for foreign nationals at Gustan Cho Associates, Financing for foreign national homebuyers are non-QM portfolio mortgage loans and requires a 20% to 30% down payment. Foreign Nationals are eligible for primary home, second home, and investment property financing.

Portfolio loans are loans that are funded by lenders that intend on keeping the loan in their books and not sell it on the secondary market. Portfolio loans are also called non-conforming loans. Non-conforming loans are mortgage loans that do not meet Fannie Mae and Freddie Mac Guidelines and cannot be sold in the secondary market to public and institutional investors. Portfolio loans are held by the portfolio lender in their books.

Mortgage Loan Options For Foreign Nationals

Foreign National Loans are made by investors who plan on keeping the loans they originate in their books and not sell them on the secondary market.  All portfolio loans are normally 30-year adjustable rate mortgages offered via

  • 3/1 ARM
  • 5/1 ARM
  • 7/1 ARM

Foreign Nationals can qualify for 80% loan to value portfolio loans depending on the property type. A lower loan to value may be required for higher risk properties. Documentation requirements for Foreign National mortgage loans are often less than traditional conforming loan programs.

Types of Properties Foreign Nationals Eligible For Financing

Foreign Nationals can purchase the following types of properties in the U.S.

  • Single Family Homes
  • Town Homes
  • Two to Four Unit Buildings
  • Condominiums
  • Non-Warrantable Condos
  • Condotels

Mortgage Loan Program For Foreign Nationals

Mortgage Loan Programs for Foreign Nationals

Most lenders that offer Foreign Nationals and International Investors Loan Programs typically off mortgage loans of $100,000 to $3,000,000. Mortgage lenders will require higher down payment requirements on loans over $1,000,000. Foreign National Loans are non-conforming loans which means that they are cannot be sold on the secondary market and the lender will hold the loan portfolio in house so 30 year fixed rate mortgages are normally not available. Mortgage portfolio loan programs are 30-year adjustable mortgage rates:

  1. 3/1 ARM
  2. 5/1 ARM
  3. 7/1 ARM.

Up to 80% loan to value but exceptions can be made to strong credit borrowers with reserves. Time frame in closing foreign national mortgage loans depends on each individual lender. Most foreign national lenders will close the loans in 30 to 60 days.

Get Pre-Approved For Mortgage Loans For Foreign Nationals

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Gustan Cho Associates, empowered by NEXA Mortgage, LLC. are mortgage brokers licensed 48 states, including Puerto Rico, the U.S. Virgin Islands, and Washington, DC, We have a lending network with 210 wholesale mortgage lenders with no overlays on government and conventional mortgage loans. Besides conventional and government-backed loans with no overlays,

Gustan Cho Associates has hundreds of non-QM and alternative lending mortgage options on owner-occupant primary homes, second homes, and investment properties. Any mortgage loan option in today’s marketplace, you can be rest assured you will find it offered at Gustan Cho Associates.

Gustan Cho Associates are also correspondent lenders on  government and conventional loans as well as non-QM and alternative financing loan programs. We offer portfolio loan programs such as special loan programs for foreign nationals, ITIN mortgage loans, and DACA home loan programs. To qualify for our government, conventional, portfolio foreign nationals loan program, please contact us at Gustan Cho Associates at 800-900-8569 or text us for faster response. Or email us at We are available 7 days a week, evenings, weekends, and holidays.


  1. Hello I been trying to do non QM cash out refinance but no company will give me a chance I had good credit at one point but lost my job and had to file chapter 7 bankruptcy but I been out over two years now discharged
    I haven’t made payments in a couple years beaver of lien on house I really need to do no QM big bank won’t touch me

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