DouglasKatz_Foreign_National_Program
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This document outlines a foreign national program for purchasing a second home or investment property. It lists several accepted visa types and notes that foreign credit, income, and assets can be used for financing. Loans up to 75% loan-to-value ratio and $1,000,000 are available, though lower loan-to-value ratios are required if using foreign credit or cashing out equity. Contact information is provided for more details on terms and conditions.
DouglasKatz_Foreign_National_Program
- 1. Foreign Nationals purchasing a second home or investment property? No problem! • Many Visa types accepted Visas included: B-1, B-2, H-2, H-3, I, J-1, J-2, 0-2, P-1, P-2, TN NAFTA, Laser Visa • Will allow Foreign Credit to be used** • Foreign income and assets allowed*** • Will lend up to 75% Loan to Value (LTV) ratio* Foreign National Program For more information, please contact : Terms and conditions may vary. Subject to underwriting approval. *Not to exceed $1,000,000 **If Foreign Credit used, max LTV is 65% on purchase and R/T, 60% on cash out ***Assets must be verified in U.S. Dollar equivalency at the current exchange rate via either www.xe.com or the Wall Street Journal. A copy of the two (2) most recent statements of that account is required. If the funds are not seasoned a minimum of sixty (60) days, a letter of explanation is required along with the information to comprise a sixty (60) day chain of funds. Copyright 2016 © The Federal Savings Bank | Co. NMLS#411500 | All Rights Reserved | thefederalsavingsbank.com Douglas Katz Vice President, NMLS# 217026 direct: (312) 871-3469 fax: (312) 871-3483 cell: (708) 829-1336 dkatz@thefederalsavingsbank.com www.thefederalsavingsbank.com/dougkatz