Foreign National Loans — Star Financial 

Mortgage options for non-U.S. citizens living abroad or recently arrived who want to purchase or refinance U.S. residential property—typically second homes or investment properties.

Who This Helps

• Non-U.S. citizens without U.S. permanent residency
• Global buyers purchasing a second home or rental/investment property in the U.S.
• Investors with limited or no U.S. credit history

Key Benefits

• No U.S. credit score required (alternative credit accepted)
• Flexible income documentation (foreign employment/asset verification)
• Purchase, rate/term, and cash-out options
• Title in personal name or U.S. entity (program-specific)
• Fixed, ARM, and interest-only terms available (varies by investor)

Basic Eligibility (varies by investor)

• Valid passport and visa (or legal entry per program rules)
• Down payment/LTV per matrix (25–40% down is common)
• Reserves often required (e.g., 12 months PITIA; can be held in U.S. or approved foreign banks)
• Property types: SFR, condos, townhomes, 2–4 units (program-specific)
• Occupancy: second home or investment (owner-occupied options are limited)
• OFAC/CIP screening and source-of-funds verification

Documents You May Need

• Passport (and visa if required), foreign address verification
• Bank statements (U.S. and/or foreign) showing funds and seasoning
• Employment/income verification from foreign employer or CPA/chartered accountant
• Alternative credit: letters from banks/creditors, housing/rental history
• Entity docs if closing in a U.S. LLC (articles, operating agreement, EIN)
• Standard items: appraisal, title, HOA (if applicable), insurance

What to Consider

• Larger down payment & reserves vs. conventional U.S. loans
• Currency exchange & transfer timing—plan for international wires
• Prepayment penalties are common on investor loans (choose step-down or buyout)
• Seasoning and source-of-funds rules apply to foreign assets
• Closing logistics: remote online notarization not always allowed; plan travel or U.S. consulate signing if needed

How It Works

1. Consult & pre-screen — goals, occupancy, residency, documents
2. Pre-qual — align program for LTV, reserves, income method
3. Underwriting — appraisal, title, OFAC/CIP, income/asset verification
4. Close — fund and record; set up payments from U.S. or approved foreign bank

Star Financial • NMLS 1429 • Serving CA, TX & FL

Disclosures: Non-QM program; not a commitment to lend. Terms, eligibility, and guidelines vary by investor and may change without notice. All loans subject to credit/identity, income/asset, property, and compliance review (incl. OFAC/CIP). Consult legal/tax advisors regarding cross-border ownership and FIRPTA on disposition.