Specialty Home Loans offers programs for Foreign Nationals who are looking for a secondary or investment home in the United States. There are two ways to qualify, either using your income from your home country or from the property’s rental income.
We have loan officers that speak Cantonese, Mandarin Chinese, Bahasa Indonesia, and many other languages.
We can help you get pre-approved so that you can start making offers right away.
Income Verification – Two ways to Qualify:
DTI:
Self-Employed: Letter from CPA/Accountant or Auditor stating last 2 years’ and YTD Income.
Salaried: Letter from Employer stating current annual compensation.
Up to 50% DTI
Subject property does not need positive cash flow
No Tax Returns or Audited Financials Required
DSCR:
Qualify using subject property income ONLY
Minimum 1.00x DSCR
No statement or verification of income or employment required!
Not a bank statement program.
Asset Verification
1 Month bank statement (covering at least 30 days)
All funds to close must be wired in a U.S. bank prior to closing. Seasoning of funds is not required.
100% Gifts allowed for down payment, closing costs, reserves1
Cash-out proceeds may be used towards reserves
