No Green Card or Citizenship required – Home Loan

Home Loans for Persons with No Green Card or Citizenship

A true 30 year fixed loan for purchases or refinancing.

You do NOT need to be a Permanent Resident Alien.

No Green Card or Citizenship required required - Home Loan

No Green Card or Citizenship required required – Home Loan

New program offered No Green Card or Citizenship required.

  • Borrower needs to live in the United States.
  • Need Passport of other country they live in.
  • They need to be working here in the United States for at least 2 years.
  • Needed for self employed persons is 24 months bank statements.
  • Needed for wage earner is W2s
  • DTI is 55%
  • Need ITIN (An Individual Taxpayer Identification Number (ITIN) is a tax processing number )
  • Minimum down payment is 20%
  • Mattress money for the down payment is okay.
  • See all the Rates and details for a purchase loan at http://selfemployedhomeloans.info/loan-programs/purchase-loans-for-self-employed-persons
  • See all the Rates and details of a refi at http://selfemployedhomeloans.info/loan-programs/refinance-loans-for-self-employed
  • **if nothing shows up for credit on the ITIN they we need 3 alternative credit lines such as cell phone bill, rent verification, and or water and power payment history, etc.
  • Loan offered is a 30 year fixed loan with no prepayment penalty.
  • Loan is good for owner or non owner properties (condo, SFR, 2 to 4 units)
  • Special Notes:

    • No Prepayment Penalty.
    • 55% DTI okay.
    • Personal and or Business Bank statements. Provide all pages.
    • We look at 100% of the deposits as income. Do not count returns or transfers**
    • **We will count transfers from your business account to personal account. Then you will need to show that particular business bank statement from that month it was transferred from.
    • No buy downs.
    • No reserves unless over 75% LTV.
    • We only use Trans-union score for this particular loan product. For husband and wife we add the 2 scores and divide by two for pricing on our matrix.
    • For TERMS 10 years is 10/10 as a 30 year is 30/30 amortization.
    • Cost is 3% points plus $1,625
    • Brokers can make 50 basis points on the loan amount.
    • This Loan Program available NATIONWIDE.

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