100% Financing on Florida Foreign National Mortgages

If you’re a foreign national looking for 100% financing on a foreign national mortgage loan we’ve got you covered. We offer 100% financing on foreign national mortgages with cross collateralization which means that you would be putting up additional property to lower the loan to value to 70%.

A loan scenario for 100% with cross collateralization would be:

You currently own a home; lets say in California. The house is valued at 300,000.00 and you owe 150,000.00 on the mortgage for this property so you have 150,000.00 in collateral. Now you would like to buy another house in Florida for 300,000.00. Your new loan amount for this new purchase would be 150,000.00 and you would use 150,000.00 of the collateral from the California home to acheive 100% financing. This is what is considered “Cross Colateralization”

Don’t want to put up another property? You can also put pledged assets into an interest earning account at the lending bank as the down payment.

Now, a scenrio using pledged assets would be:

Lets use the same home in Florida for 300,000.00. Your loan amount would be 150,000.00. In this case you would have to have some assets in the bank. You would pledge 150,000.00 of your savings to this lender for collateral acheiving 100% financing.

It takes about 4-6 weeks to close this type of foreign national mortgage. Listed below are some of the highlights of this foreign national loan program.

• Non-owner occupied-No other foreign national lender offers this!! 
• Vacation homes
• 1-4 units 
• No limits on the number of properties owned-Also unheard of for foreign national mortgages
• No credit reports required
• Adjustable rate-3 month Libor
• Fully amortized or interest only
• Mininum $150,000 loan amount
• Florida only