Foreign National Consulting

Knowledge is the power to make better-informed choices that trickle down as positive effects into a new life in the United States, offering safety and security for future generations that create the foundation of wealth in a new country. To better understand real estate ownership and mortgage financing rights based on your type of documentation entitlement you migrated with, please complete the application for your status type.

Please be prepared to show your documentation to obtain mortgage financing, and keep in mind that lenders will NOT grant financing without submission of verifiable documentation.

Required for Foreign Nationals

Verification of Residency Status – the following visa types are allowed:

  • B1 & B2
  • H2 & H3
  • I
  • J1 & J2
  • O2
  • P1 & P2

May qualify with either US credit or Foreign Credit.

What’s ITIN? Click here to learn more.

Qualifying Foreign Credit borrowers must establish a good credit history subject to the following:

  • 3 open accounts with a 2-year history must be documented for each borrower, reflecting NO late payments
  • 2-year housing history can be used as a tradeline
  • US credit accounts may be combined with letters of reference from verifiable institutions in a foreign country to establish the three open accounts
  • State the type of credit & length of the relationship with the creditor
  • State how the accounts are held, and the status of the account
  • Contact info must be provided for the person signing the letter from the credit institution
  • Any translation must be signed & dated by a certified translator

Asset Seasoning:

  • Assets must be seasoned for 60 days, and if used for closing (down payment/closing costs), must be seasoned in a US depository institution for 30 days before closing

Green Card & Permanent Resident Card Holders

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Foreign Nationals with or without ITIN

Verify Documents

Need more guidance?

Book a free 30-minute consultation in either English, Spanish, or Russian with our multilingual mortgage experts.

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Examples of how an account may be held include:

§ 418.3420 How are funds held in financial institution accounts counted?

(a) Owner of the account. Funds held in a financial institution account (including savings, checking, and time deposits, also known as certificates of deposit) are considered your resources if you own the account and use the funds for your support and maintenance. We determine whether you own the account and use the funds by looking at how the account is held.

(b) Individually-held account. If you are designated as the sole owner by the account title and can withdraw and use funds from that account for your support and maintenance, all of that account’s funds are your resource regardless of the source. For as long as these conditions are met, we presume that you own 100 percent of the account’s funds. This presumption is not rebuttable.

(c) Jointly-held account.

(1) If you are the only subsidy claimant or subsidy recipient who is an account holder on a jointly held account, we presume that all of the funds in the account belong to you. If more than one subsidy claimant or subsidy recipient are account holders, we presume that the account’s funds belong to those individuals in equal shares.

(2) If you disagree with the ownership presumption as described in paragraph (c)(1) of this section, you may rebut the presumption. A rebuttal is a procedure that permits you to furnish evidence and establish that some or all of the funds in a jointly-held account do not belong to you.