Purchase or Refinance

Global Mortgage Group has several Foreign National, Non US Citizen mortgage programs to obtain US Real Estate for both purchase or refinance regardless if they have US credit (FICO), residency or proof of income.

Loan to Value (LTV)

Maximum Loan to Value for a non US citizen mortgage is normally capped at 70%LTV (30 down payment) on a purchase and 65%LTV on a refinance.

Most programs allow up to US$2,000,000 maximum cash out for a refinance or remortgage.

Income Qualification

Global Mortgage Group has two US mortgage loan programs for non US citizens;

Stated Income – does not require income verification or tax returns. Perfect for non US citizen mortgage borrowers that are either self employed, or have numerous write-offs on foreign tax returns.

Full Income – requires the following;
  • Two (2) years of foreign tax returns
  • Two (2) months bank statements (foreign account okay)
  • One (1) month pay statements




Visa & Valid Passport

Foreign National mortgage borrowers must have a valid copy of their passport. US Visa is not required normally. You should also check that your country is not listed in OFAC – Office of Foreign Assets Control - Sanctions Programs and Information.

Down Payment

The down payment can range from 30% to 50% depending on the property type, interest rate, and documents that you can can provide. GMG has mortgage programs for non income and income verification.

Interest Rate

US Mortgage Interest Rates for Foreign National borrower vary from the mid 5’s to the low 7’s and are subject to change every day. GMG’s compensation is not based on the rate and borrowers will receive best options available at the time of application.

Bank Statements

The Foreign National or Non US Citizen mortgage borrowers needs to show two months (60 days) of bank statements and to show funds are "seasoned". Seasoned funds simple mean that funds have been in an account, US or Foreign for a minimum of 6o days for AML purposes. U.S. anti-money laundering laws require this.

If the borrower has money in cash, he/she will need to deposit that cash in their bank and let it season two full months.

GMG has loan programs that allow for 100% gift funds for Non US citizen borrowers looking to purchase US Real Estate. Gift funds are money given to you by a family member or friend without expectation of repayment. This money will also require AML seasoning requirements.

Money Reserves

For most programs, reserves are NOT required.

Foreign Credit Report or Bank Reference Letter

For most programs, a foreign credit report or bank reference letter will be required.

Funds in a U.S. bank

The funds for the down payment and closing costs must be in a banking institution for 60 days (seasoned). These funds can be in a US account or non US account. Any bank statements require professional translation.

Minimum Loan Amount $100,000

Unlike regular loans, Foreign National loans do have a minimum loan amount requirement. Remember that it is the loan amount, not the sales price.

If you have a specific scenario and property that you would like us to price it and give you the requirements for your client, please feel free to email [email protected].

A documentation loan is any loan that requires full information substantiating a borrower's claims of income and assets in order to gain financing. The vast majority of loans are documentation loans. Lenders use the documents provided during the underwriting process to ensure the application for financing is accurate and to determine the terms of a loan contract further. "No doc" loans, in contrast, require no verification. No doc loans are also known as "high-risk" loans, and they may even violate standard lending principles. Therefore, it is best to attain a documentation loan when possible by providing the necessary loan information.

Income Verification

The first thing you will need to supply a lender in order to prove you can afford a loan is verification of your income. There are several ways to verify income, and each lender may have specific requirements. One option that works for most lenders is supplying at least two years of tax information. For example, submit copies of the past two years’ worth of W-2 statements, which record your official income. If you are self-employed, you will need to supply Schedule C statements instead.

Lenders may also accept paycheck stubs or verification of income from your employer. However, many lenders would like to see that you have been earning an income equal to your current level for at least two years. The best scenario is to show continued employment for two years with the same employer with an increasing income.

Asset Verification

Lenders will consider your assets when reviewing your full financial strength. Not all lenders need to know your “net worth” in order to extend your loan. However, if you are placing any collateral down on a loan, you will need to verify the value of that collateral through full documentation.

For example, if you are taking out a home equity loan, the lender may require an up-to-date home appraisal and a statement from your primary lender. The primary lender’s statement will reflect how much equity you have earned in the home through paying down your mortgage. This tells the second lender just how much it can expect to recover if you were ever to default on the loan and the lender needed to seize your asset.

Liens and Liabilities

Lenders cannot count your assets alone in order to determine your financial stability. Your debts, liens, and liabilities will also be taken into account. For example, when you apply for a mortgage, your mortgage lender will need to know if you also owe money to a student loan lender and a car loan lender.

This can affect your ability to afford a new loan based on your current income. Liabilities can be found through a simple credit check. Your credit report will reflect all of your debts and liens against your property. A credit check is completed without any documentation from you. All you will need to supply is your Social Security, Tax Payer Identification, or Credit Report number. The lender will carry out the credit check with your approval.

Low or No Documentation Loan

A low or no documentation loan requires very little verification of the claims made on an application. Documentation loans require a borrower to submit proof of income, proof of assets, and other documents prior to having a loan move through the underwriting process. A no or low documentation loan requires none of these items. Instead, the borrower must place only enough money as a down payment (30% min) in order to receive the loan. In exchange for the relative ease of the lending process, the borrower may have to accept higher interest rates and financing charges as well as a lower loan-to-value ratio on an asset.

Global Mortgage Group specialises in Non-U.S. Citizens and Expats looking to purchase or refinance U.S. Real Estate. All the programs listed above may be available depending on your situation. With over 11 languages/dialects and representation throughout Asia, Australia and Europe, one of our experienced professionals will be able to find the right loan for your borrowing ability.


Contact us at [email protected].