Home Loan For Foreign Nationals
Standard, Old-School Mortgage Definition
of a Foreign National is:
A foreign national is a legal resident or citizen of another nation.
They buy a second home or a vacation home here in the U.S. for personal use.
The foreign national lives in the US property only on a short-term basis.
He or she could be here on business, or while on vacation or holiday.
Foreign nationals primarily have income, employment, credit, and residency in a country other than the
But a Foreign National Can Also
A foreign buyer who is purchasing investment property to rent out or lease.
A buyer purchasing commercial property such as hotels, office buildings, apartment buildings or
A borrower with an ITIN (Individual Taxpayer Identification Number)
Someone with a certain class of work visa, other than the B-1/B-2 visitor visa.
US citizens who work abroad and earn income overseas.
Who We Are and How We Help
The American Dream has long been defined as the concept of owning a home. That's true not only
for American citizens, but also for residents who live in the country and have not acquired official citizenship.
For these residents, the hurdles of buying a home can be even greater, on top of the ongoing challenges inherent to
the process, such as saving for a down payment and finding favorable interest rates.
However, there are programs and products that can help. The home loan for Foreign Nationals at AmeriStar Home
Loan Company, offers those residents the opportunity to buy a home in the United States at terms that are not
restrictive or unattractive. With some of the industry's most flexible conditions, the foreign national loans at
AmeriStar Financial are the key to helping non-citizen residents put down roots in the United States.
The U.S. market is increasingly attractive to
Throughout history, America's shores have welcomed individuals from around the world, many of whom were looking
to start anew in an unfamiliar land. That continues right up until present day, as people continue to strive for
the opportunity America promises.
In a 2011 study, the National Association of Realtors showed the increasing popularity of American real estate.
According to the report, $1.07 trillion in existing home sales were recorded between the months of March 2010 and
March 2011. Of that total, $82 billion in sales were generated by buyers born outside of the United States, an
increase from $66 billion the previous year.
A significant portion of those buyers were foreign nationals - non-citizens who resided in the United States and
were looking to purchase a permanent home. Experts note American real estate was attractive to these buyers for
many of the same reasons it is to citizens - affordable prices and attractive mortgage terms. However, in many
ways, foreign nationals' demand for American homes helped propel domestic real estate markets during difficult
Terms compare favorably to those available to domestic
Due to that significant demand, it should stand to reason that non-citizens require affordable and accessible
foreign national loans. Yet, for many years, mortgage terms remained unattainable for many of these residents.
Obtrusive down payment requirements and high interest rates made the cost of affording such a loan difficult for
However, with the market opening up opportunities for all buyers and trusted lenders providing attractive
foreign national loans for non-citizens in particular, the time may be ripe for these consumers to enter the
American real estate market. The top foreign national loans in the industry can offer financing for a wider price
range of homes and for a greater selection of buyers.
The advantage of working with
While there are options for consumers looking for foreign national loans, AmeriStar's programs remain among the
industry's most flexible and attractive. Borrowers can finance up to $550,000 per property or obtain financing for
up to 60 percent of a home's value. Additionally, they can select from 10-, 15-, 20-, 25- and 30-year fixed-rate
loans, and a bevy of hybrid adjustable-rate options.
We work with several dozen national and international lenders who provide financing to foreign nationals, and
who lend to borrowers with visas and ITINs. This is a complex mortgage niche, served by a smaller, specialized
broker community. We have worked with foreign nationals for over 11 years, and have earned a reputation for broad
product selection, low rates, and top-notch advice.
Mortgage financing has changed and with it, the easy availability of money. This is true for both US borrowers
and foreign nationals. Those left in the in the foreign national market work harder to find both new sources of
financing and competitive rates.