Mortgage Loans for Foreign Nationals

Mortgage Loans for ITIN and Foreign Nationals:

Your Homeownership Journey With GCA Forums Mortgage Group: This guide will cover mortgage loans for foreign nationals. At GCA Forums Mortgage Group, a proud subsidiary of Gustan Cho Associates, we recognize that homeownership is possible for everyone, even foreign nationals and non-US residents without a Social Security Number (SSN). Our specific ITIN and foreign national mortgage loans aim to assist those with Individual Taxpayer Identification Numbers (ITIN) or foreign nationals on valid work visas to acquire primary residences, secondary homes, or investment properties. With more than 210 wholesale lenders specializing in closing difficult loans, our expertise remains unmatched in the US housing market. This guide discusses these mortgage loans’ workings, advantages, and eligibility criteria. It highlights why GCA Forums Mortgage Group remains unmatched for non-residents seeking homeownership. In the following paragraphs, we will cover mortgage loans for foreign nationals.

Mortgage Loans for Foreign Nationals

ITIN and foreign national mortgage loans are classified as non-qualified mortgages (non-QM) for clients who do not have a Social Security Number (SSN) or a credit history with traditional American banks. These are portfolio loans, meaning the lender keeps them in-house instead of using them to apportion loans to government-sponsored entities like Fannie Mae or Freddie Mac. With greater latitude in underwriting, there is more flexible guidance in using the loans. For mortgage ITIN borrowers, the loan is granted using an ITIN as identification, which the IRS issues for tax return filing with employed undocumented workers or non-residents who lack legal permanent residency status. Marga Jurilla, the executive assistant for Gustan Cho NMLS 873293,, says the following about mortgage loans for foreign nationals at GCA Forums Mortgage Group:

Gustan Cho Associates, through GCA Forums Mortgage Group, offers ITIN loans that require no conventional credit score for access but utilize alternative documentation, such as bank statements or foreign credit files, to determine credit eligibility.

Foreign national mortgage loans are intended for non-citizens of the United States holding genuine work visas (for example, H-1B, L-1, B-1, B-2) or foreigners intending to live outside America, allowing them to acquire property to be occupied as a primary dwelling, vacation residence, or for investment. There is no requirement for credit scoring from the United States, and the candidate can be given a standard score of 740 for qualification. The loans are centered around the borrower’s employment with a US company or potentially earning rental income on the property through a Debt Service Coverage Ratio (DSCR) loan.

What are Mortgage Loans for Foreign Nationals

Both loan types are portfolio loans, which means the lender keeps the mortgage, allowing for flexible options such as fixed- or adjustable-rate mortgages (ARMs) over 30 years with 20% to 30% down payments. The documentation submission includes a passport, work visa, or an ITIN, alongside proof of income, including tax returns, W-2s, or audited profit and loss statements for the previous two years. Gifts from family members for the down payment are permitted, and foreign assets can be utilized as reserves if moved to a US bank. Dale Elenteny of GCA Forums Mortgage Group says the following about mortgage loans for foreign nationals:

Non-residents and ITIN holders can enjoy the unique benefits these specialized loan programs offer, making homeownership rewarding and attainable. The major hurdle of not having an SSN is removed, as borrowers can qualify without an SSN using an ITIN or international documents.

Lenders do not require a US credit history, so they use alternate means such as international credit reports, bank statements, or payment histories from the borrower’s home country to assess creditworthiness. A default score may be assigned for foreign nationals without a credit score. These loans assist with different types of properties, enabling the acquisition of primary residences, secondary homes, investment properties, or condotels for as little as a 25% down payment. Unlike conventional loans, non-QM loans do not require private mortgage insurance (PMI), which lowers monthly expenses. Borrowers are offered a variety of competitive loan terms, including 30-year fixed-rate or ARM options, with a $1.5 million limit for foreign national loans and no cap on IT англ loans. Foreign nationals can purchase US real estate outside the country using DSCR loans that qualify based on the property’s cash flow rather than personal income.

Mortgage Lenders for Foreign Nationals

GCA Forums Mortgage Group helps clients with unique needs, as more than 80% of our customers have experienced overcoming hurdles such as bankruptcy, foreclosure, or non-traditional employment; these loans serve as an immense asset for wealth accumulation through real estate in the US. Eligibility for foreign national mortgage loans and ITIN is intentionally made flexible to suit the financial profile of non-residents. For ITIN loans, a valid ITIN from the IRS is required, along with a 20%-30% down payment based on credit scores and loan terms, with gifted funds allowed. Alex Carlucci, a senior mortgage loan originator at GCA Forums Mortgage Group, says the following about qualifying for mortgage loans for foreign nationals at GCA Forums Mortgage Group:

Evidence of income requires document submission for the past two years, such as tax returns, W-2s, 1099s, or audited profit and loss statements prepared by a CPA. No US credit score is needed; alternative credit references like rent or utility bills can be provided.

A passport is mandatory, and borrowers must have 12 months of PITI reserves, which may include foreign assets transferred to a US bank. A valid work visa (e.g., H-1B, L-1, B-1, B-2) or employment verification from a US company or subsidiary is needed for loans under foreign national mortgages. Investment properties may be qualified for by non-residents living abroad through a DSCR loan. The required down payment varies between 20% and 30% for primary or second homes and up to 40% for investment properties or condotels.

How Income is Calculated on Mortgage Loans for Foreign Nationals

Income verification can be done by providing two years of US tax returns or proof of US employment. DSCR loans evaluate the property’s rental income. International credit reports or payment histories are accepted; no US credit score is needed. Borrowers must also have 12 months of PITI reserves. Qualified properties include primary and secondary homes, investment properties, at least 500 sqft condotels, one bedroom, and a full kitchen. Remarkably, GCA Forums Mortgage Group extends a unique offer allowing borrowers to have recent bankruptcies or foreclosures and still qualify with no waiting period.

Stand Out in the Industry on Mortgage Loans for Foreign Nationals

GCA Forums Mortgage Group, powered by Gustan Cho Associates, remains one of the leaders in non-QM and alternative financing. We work with more than 210 wholesale lenders that provide loan programs that traditional banks do not offer. We also specialize in complex loans, with over 80% of our clients being borrowers who could not qualify because of lender overlays or their unique financial situations. We served clients from 48 states, including DC, Puerto Rico, and the US Virgin Islands. Our team works every week, including evenings and public holidays, for a truly personalized experience. Marga Jurilla, executive assistant to Gustan Cho, NMLS 873293, says the following about getting qualified and approved for mortgage loans for foreign nationals:

Our rush option allows us to close loans in two weeks, and speed is only one aspect highlighted in the testimonials, along with professionalism. My appointed loan specialist meets all clients, ensuring first-hand warm greetings from Gustan Cho (NMLS 873293), my national managing director.

The frequently asked questions section explains the eligibility criteria for these types of loans. Undocumented people with an ITIN can acquire a home through our ITIN mortgages, where no SSN is required, and different forms of documentation are employed to substantiate income and credit qualifications. Foreign national loans do not need a US credit score, accepting foreign credit reports or other payment histories, with some lenders granting a benchmark credit score. Eligible properties comprise principal residences, secondary homes, investment properties, and condotels subject to selective criteria. Our rush closing option permits certain borrowers to close in two weeks or less.

Let’s Get Started on Getting Approved for Mortgage Loans for Foreign Nationals

Want to learn more about mortgage loans for ITIN or foreign nationals? GCA Forums Mortgage Group is always willing to help you out. We have licensed loan officers who can be reached every day of the week to address your inquiries or escort you through the steps. 800-900-8569 is our phone number, but you can text for quicker attention or email gcho@gustancho.com. To receive tailored advice from the specialists, we encourage you to apply at GCA Forums Mortgage Group. Do not allow the absence of an SSN or a US credit file to hinder the prospect of homeownership. With GCA Forums Mortgage Group, the desire to own a home is no longer a distant reality. © 2025 GCA Forums Mortgage Group, a subsidiary of Gustan Cho Associates. All Rights Reserved. NMLS 2315275, Gustan Cho Associates is a DBA of NEXA Mortgage Corporate, NMLS 1657322.