Angel Oak - Foreign National Mortgage Loan
Best For: Flexible Terms, Large Down Payments, Cash-Out
30 year fixed loans from $150k - $3 Million.
Program Description
Welcome Foreign Nationals to U.S. homeownership! The Foreign National mortgage is designed for individuals with visas (B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P-1, P-2) or from Visa waiver countries who wish to purchase a U.S. property. Qualify effortlessly with a 1:1 cash flow ratio—no U.S. income or credit required. Must live and work abroad, with the program applicable to non-owner occupied properties only.
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Angel Oak - Foreign National Mortgage Loan
Min. Credit Score
N/A
Min. Down Payment
30%
Max Loan Amount
No Limits
Qualification variables shown here are for 1-Unit Primary Residences, and loan amount ranges vary based on US County. Register Now to see if this loan program is a good fit for you, find your county limits, and find more options for purchasing a home.
Pros & Cons
- Simple Qualification
- Up to 70% LTV
- Closing in a U.S. LLC entity is permitted
- 12 months reserves required
- Cannot reside in the United States
- No gift funds allowed
Program Availability
Angel Oak - Foreign National Mortgage Loans are available in 46 states, and Washington D.C..
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“Ideal for Foreign Nationals with limited U.S. credit history or inability to prove income in the United States."
Occupancy & Property Types
Qualification factors for this program can vary based on how you intend to occupy the property and what type of property you are purchasing. By registering for a free account , you can check program limits for all property and occupancy types.
Occupancy Types
Available Property Types for
Income & Purchase Price Limits
Your Debt-to-Income Ratio (DTI), as well as purchase price and income limits, are important factors when qualifying for a home loan program. By registering for a free account , you can find the exact program limits for this program and others in your area and for your unique scenario.
Debt-to-Income Limit
No Limits
Purchase Price Limit
No Limits
Income Limit
No Limits
Qualification variables shown here are for 1-Unit Primary Residences, and loan limit ranges vary based on US County. Amounts may be rounded. Exact amounts can be accessed by registering for a free account.
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Key Features
- Loans up to $1.5 million with a minimum of $75,000
- 1:1 ratio on cash flow
- No income or U.S. credit required to qualify
Additional Conditions
- Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2
- Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained
- No sanction listed countries allowed and will not lend in Osceola County
Other Limitations
In some circumstances, there are specific requirements you must meet or homebuyer education courses you must attend in order to be eligible for the loan program.
No other program limitations
A Homebuyer Education Class is not required for this loan program.
Mortgage Insurance & Fees
Most mortgage programs require mortgage insurance when you are financing more than 80% of the purchase price or appraised value. Some programs may also have an associated funding fee, paid at the time of closing, or an annual fee. Learn all about the different fees here.
No Mortgage Insurance
This program does not require Private Mortgage Insurance (PMI).
Type: No Funding Fee
This program does not have a funding fee.
Type: No Annual Fee
This program does not have an annual fee.
Estimated Closing Costs: 3%
These amounts are just an estimate. Your closing costs include things like loan origination fees, discount points, appraisal fees, title insurance, taxes, deed recording fees, and other charges.
Similar Loan Programs
If you think this home loan program may be a good fit for you, you may also want to check out the following programs that share many similarities with the current program.
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* Some loan programs may not be offered by all featured lenders of ReviewMyMortgage.com and qualification guidelines may vary between them. Our team makes their best effort to keep loan program information up to date. Loan programs may change without warning. ReviewMyMortgage.com does not guarantee or offer any loan products. ReviewMyMortgage.com is strictly an educational resource hub for consumers
ReviewMyMortgage.com is in no way affiliated with the companies or institutions listed here.
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