Some of the benefits of using Dynamic Funding Solutions for your Foreign National Loan: No Documentation 75% Financing Lite Documentation 80% funding Feature Loan Amounts from 100,000 to 10,000,000 Fixed & Adjustable Rates No Credit Report No Income Verification No Asset Verification Low Interes Rates No Accountants or Bank Letters FAST Turn Around from Qualify to Close

 Who is Eligible?

• Permanent Resident Alien:
  A Foreign National who has lawful residency status in the U.S. on a permanent basis. A permanent resident alien holds a "green card" or temporary evidence of lawful permanent residency.
• Non-permanent Resident Alien:
  A non-permanent resident alien is a Foreign National who is permitted to reside in the U.S. on a temporary basis and may have been granted authorization to work in the U.S.
• Nonresident Alien:
  A Foreign National who is not authorized to live or work in the U.S. for any extended period of time. Nonresident aliens periodically visit the U.S. and purchase property for use during those visits.

Borrowers with a work Visa (minimum 12 months issued) will qualify for U.S. Citizen Guidelines, Dynamic Funding Solutions will require Social Security Number and employment.

Borrowers with no work Visa will qualify for Foreign National Guidelines.

Work VISA: All of A, All of E, F 1, All of G, All H (except H4), All of I, All of J, K1, K3, All of L, M1, NATO, All of 0, All of P, All of Q, R1, S5, S6, All of T, All of U, V1. (See Status Explanation)

No Work VISA: All of B, All of C, All of D, F2, H4, K2, K4, M2, 03, P4, Q3, R2, TO, V2 (See Status Explanation)

Undocumented Alien: A Foreign National without valid evidence of entry in the U.S. The Borrower and Co-Borrowers may not be undocumented aliens.

Non-permanent Resident Alien Highlights and Guidelines:

Non-permanent resident aliens must hold acceptable evidence of the right to reside in the U.S.
Issued by the U.S. Citizenship and Immigration Services (formerly INS).

Non-permanent Resident Aliens may obtain a loan under the same terms and conditions as U.S.
citizens/Permanent Resident Aliens if non-permanent resident alien meets the following requirements and exceptions:

Borrower must be employed in the U.S. and must hold an INS document that permits an original term of residency of at least 1 year. Nonpermanent resident aliens who do not meet this requirement may be eligible under the requirements for nonresident aliens. Eligibility applies if at least 1 of the Borrowers is a permanent resident alien meeting the requirements above; CoBorrowers may be nonresident aliens.

Please Note: Borrowers who do not meet the above non-permanent Resident Alien requirements to qualify under the same guidelines as a U.S. Citizen / Permanent Resident Alien may be eligible for Nonresident Alien financing.

Social Security Numbers. Individual Tax Identification Numbers and Certificate of Foreign Status (otherwise knows as a "TIN" number):

Permanent and non-permanent resident aliens must have either a Social Security number (SSN) or Individual Tax Identification Number (ITIN). However, a Borrower employed or self-employed in the U.S., whether or not a U.S. citizen, is required to have a SSN. An ITIN is not an acceptable substitute for a SSN in such a case.

An ITIN is a tax processing number issued by the IRS for certain resident and nonresident aliens, their spouses, and their dependents. The ITIN is only available to individuals who are required to have a taxpayer identification number for tax purposes but 1M10 do not have, and are not eligible to obtain, a SSN from the Social Security Administration. Examples of individuals who need an ITIN may be obtained from the IRS website: http://www.irs.gov/pub/irs-pdf/p1915.pdf

An ITIN:

• Does not authorize work in the U.S. or provide eligibility for Social Security benefits or the Earned Income Tax Credit.
• Is not valid for identification outside the tax system.
• Does not establish immigration status            
  
• By law, an alien individual cannot have both an ITIN and a SSN.
  
  

Nonresident Alien Highlights and Guidelines:

Nonresident aliens must hold acceptable evidence issued by the INS of the right to enter the US. A nonresident alien is eligible under the same terms and conditions as a U.S. Citizen with the following requirements and exceptions:

LTV's are limited to Maximum 70 % ($70,000 Minimum) subject to the Loan Size, geographic location and property type:

• Available Products
• Fully Amortized and Interest Only
• Documentation Types:
• Full Documentation Only
• Cccupancy:
• Primary (only when residency is established permanent in the US)
• Second Home o Investment Property
• Property Types
• Single Family Residence
• PUD
• Low & High Rise Condo
• 2 - 4 Unit

Assets Held in Foreign Accounts:

If assets are held in a Foreign Account, at the time of asset verification, the US Dollar equivalency must be calculated using the most current exchange rate. www.xe.com or a copy of the Wall Street Journal's most recent conversion table must be included for converting the Borrower's foreign currency to US dollars.

• Sufficient funds to close must be on deposit in a US bank account prior to closing and must be verified with a VOD or bank statement. If funds have been on deposit for less than 30 days, documentation must be provided indicating that the funds were on deposit with a foreign institution prior to deposit in the US.
• Written Verification of Deposit for each account with current and average balance for the last 2 months; or
• Copies of statements for each account for the 2 most recent months.

Credit References:

For non-permanent resident alien and nonresident alien Borrowers, a credit report is required if available. If a U.S. credit report and/or a credit score cannot be produced due to insufficient reported trade lines, the Borrower should provide alternative sources as described above. For those Borrowers who have no alternative sources of credit in the U.S., the following must be provided:

If a U.S. Credit Report and/or a credit score cannot be produced due to insufficient reported trade lines, the Borrower should provide alternative sources of credit which will include one or more of the following:

• International credit report
• Three (3) original bank reference letters may be provided from financial institutions located in the country of origin (translated to English)
• One (1) original credit reference letter from a large, internationally known financial institution may be provided.

When foreign source(s) of credit have been provided, the minimum number of trade lines specified for all documentation types will be deemed to have been met.

Income Documentation:

FULL DOC - The ONLY Acceptable Documentation Type for Foreign National Borrowers.
By nature, a Foreign National Borrower derives their income from another Country, and their income must be verified via our U. S. Quality Control Procedures.

STATED DOC - N/A

NO RATIO - N/A

NO INCOME / NO ASSET (NINA): N/A

NO DOC: N/A

Power of Attorney:
Generally, another individual may act on behalf of the Borrower at closing, provided such person has been authorized to do so under a Power of Attorney. However, use of a Power of Attorney for the execution of either origination or closing documents is prohibited for the following transaction types:

•No Ratio documentation: N/A
•No Doc documentation: N/A
•No Income/No Asset documentation: N/A
•Texas Section SO(a)(6) refinance

The Power of Attorney must meet the following requirements.

•Dynamic Funding Solutions requires a Limited (Specific) Power of Attorney.
•The Specific Power of Attorney must give detailed instructions related to the Subject Property.
•It must be clear that the Borrower is appointing a Power of Attorney.
•It must be clear who is being appointed with Power of Attorney.
•The Power of Attorney must be signed and dated by the Borrower.
•The Power of Attorney must be notarized.
•The title company must approve the Power of Attorney.
•The Power of Attorney must be recorded prior to or with the Security Instrument.
•The person being appointed with Power of Attorney is "Attorney in Fact" and must sign the closing instruments as follows (or in such format as is legally acceptable in the state of the Loan closing):

Jim Doe by Joe Brown, His Attorney-in-Fact

NOTARY REQUIREMENTS:
Documents signed by Borrowers outside of the United States must meet the following requirements:

•The documents may be notarized by a U.S. embassy or consular official. The certificate of acknowledgment must meet the requirements specified above and must include the embassy or consular seal; or

•For documents signed in a country that is party to a treaty called "The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents" the following is required:
http://hcch.e-vision.nl/index_en.php?act=authorities.listing

•A certificate of acknowledgment completed and signed by a notary public that is authorized / commissioned to perform the duties of a notary public in the jurisdiction / member country in which the documents are signed by the borrowers. The certificate of acknowledgment must meet the requirements specified above and must bear the stamp or seal of the certifying authority.

•The certificate of acknowledgment must be authenticated by apostille. The apostille is a preprinted document prescribed by the Hague Convention, and it authenticates the notary public's signature, capacity to act as a notary public and stamp or seal. The apostille is issued by a "competent authority" who is specifically authorized to issue an apostille in the member-country in which the document is executed. The apostille must be written in English and attached to the executed documents and certificate of acknowledgment.

The U. S. Department of State website contains information concerning current member countries to the treaty and the "competent authority" in each country.

•The notary acknowledgment and authentication must be acceptable to the recorder/registrar and title insurer in the jurisdiction in which the documents will be recorded. We recommend that the Seller contact the applicable title insurer to confirm acceptability prior to closing.

•An interested party to the transaction may not serve as a notary for any documents executed in connection with the Loan. Interested parties are those individuals who may have a direct financial interest in the closing of the Loan.

Contact us now at 954.977.6607 for a free no obligation mortgage quote. We can help you purchase, refinance or cash out any of your Florida properties.

What You Need to Know About Foreign National Loans

One of the biggest components of the American Dream is the ability to own a home of one's own. This is true whether the individual was born within the United States or the individual is a foreign national; of course, when it comes to foreign national mortgages, often the criteria for qualification is a bit different than it is for those who are looking for a more traditional mortgage.

One of the primary differences that you will find when you apply for foreign national loans is the amount of a down payment that you will be expected to have prepared. With foreign national mortgages, often the person who is applying for foreign national loans is going to need to have a down payment of approximately thirty five percent of the value of the home he or she intends to buy. This down payment is considerably higher than the twenty percent that many other home buyers are expected to make.

In addition to a different down payment amount being necessary for those who are looking into foreign national mortgages, those who are applying for foreign national loans are going to want to be sure that they are turning to the right lenders. It's important that you are looking into working with those who are accustomed to providing foreign national mortgages and other foreign national loans because you will be likely to get a better interest rate and you will be in a better position to get answers to the questions that you have.

Obviously, when you are looking into foreign national loans you are going to want to be sure that you looking at the loan terms and ensuring that you are getting the right foreign national mortgages available to you; without the right loans, after all, you are going to be paying too much for your home. However, that does not mean that, throughout the process of applying for foreign national mortgages you won't have questions - even when you are looking only into those loans that will suit your needs, you are going to have questions that need to be answered.

Whether your questions about foreign national mortgages are all about the interest rates that will be associated with the mortgage you apply for or the questions that you have are about refinancing your loan at a later point in time (or even borrowing against the equity that you build in your home), you are going to want to be sure that you get the answers that you need. A lender who is experienced with foreign national mortgages will have a lot of the answers that you are looking for ready before you have the chance to ask the questions.

Those answers about foreign national loans will help you to understand the process - including the amount of time that it takes to process and approve foreign national mortgages. By asking questions, getting answers and exploring your options, you can be sure that you are only looking at those foreign national loans that will help you to meet your needs.

Visa Status Explanation

A                                 Foreign Government Officials (General)
A-1                              Ambassador, public minister, career, diplomatic
A-2                              Other foreign government official or employee and immediate family
A-3                              Personal employee of A-1 or A-2

B                                  Temporary visitor for Business or Pleasure (General)
B-1                              Temporary visitor for business
B-2                              Temporary visitor for pleasure

C                                 Alien in Transit (General)
C-1                              Alien in Transit directly through U.S.    
C-3                              Foreign government official, immediate family, or personal employee, in transit

D                                 Crewmember  
D-1                              Crewmember (Sea or Air)
D-2                              Crewmember departing by means other than arriving vessel.

E                                  Treaty Traders/Treaty Investors (General)
E-1                              Treaty Trader and employees, spouse, and children
E-2                              Treaty Investor, and employees, spouse and children

F                                  Academic Students (General)
F-1                              Academic student (except Border Commuters from Canada or Mexico, see below)
F-1/F-3                        Border Commuter Academic Student from Canada and Mexico
F-2                              Spouse or child of F-1

G                                 Foreign Government Officials to International Organizations
G-1                              Principal resident representative of recognized foreign member government to international organization, staff, and immediate family.
G-2                              Other representative of recognized foreign member government to international organization and immediate family.
G-3                              Representative of non-recognized or nonmember foreign government to international organization and immediate family.
G-4                              International organization office or employee, and immediate family.
G-5                              Personal employee of G-1, G-2, G-3, G-4, and immediate family.

H                                 Temporary Workers (General)
H-1B                           Alien in Specialty Occupation (profession)
H-1C                           Registered Nurse Serving in underserved area
H-2A                           Temporary worker performing Agricultural Services
H-2B                           Temporary worker performing other services unavailable in the United States (petition filed on or after 06/01/87)
If you come on this Visa, you can't later ask for permanent residence through the same employer in the same job.  You can find a 2nd employer willing to sponsor you for a permanent labor certificate.
H-3                              Trainee
H-4                              Spouse or child of H-1, H-2, or H-3

I                                   Information Media Representatives n, spouse, and children.

J                                   Exchange Visitors(General)
J-1                               Exchange visitor
J-2                               Spouse or Child of J-1

K                                 Fiancé (e) of a U.S. Citizen(General)
K-1                              Fiancé (e) of a U.S. Citizen
K-2                              Minor child of K-1
K-3                              Spouse of U.S. Citizen (LIFE Act)
K-4                              Child of K-3 (LIFE Act)

L                                  Intracompany Transferees (General)
L-1A                            Intracompany transferee (Executive, managerial)

L-1B                            Intracompany transferee (specialized knowledge alien)
L-2                              Spouse or child of L-1

M                                 Non-academic Students
M-1                             Vocational or other non-academic student (except Border Commuters from Canada or Mexico, see below)

M-1/M-3                     Border Commuter Vocational or Non-Academic student from Canada or Mexico
M-2                             Spouse or child of M-1

N                                 Certain parents and children of Special Immigrants
N-8                              Parent of an SK-3 Special Immigrant
N-9                              Child of N-8, SK-1, SK-2 or SK-4 Special Immigrant

NATO                         NATO Representatives, Officials, and Employees (General)
NATO-1                      Principal Permanent Representative of Member State to NATO, (including any of its Subsidiary Bodies)  Resident in the U.S. and the Resident Members of Official Staff, Secretary General, Assistant Secretary General, and Executive Secretary of NATO; Other permanent NATO Officials of Similar Rank; or Immediate Family.              

NATO-3                      Official clerical staff of representative of member state to NATO/subsidiary body or immediate family.

NATO-4                      NATO officials other than those qualified as NATO-1 or immediate family members
NATO-5                      NATO experts other than those qualified as NATO-4 employed in NATO missions and immediate family.

NATO-6                      Members of civilian component accompanying a force entering in accordance with NATO Status-of-Forces Agreement or attached to Allied Headquarters under “Protocol on the status of International Military Headquarters” set up pursuant to the North Atlantic Treat; and immediate family.

NATO-7                      Attendant, Servant, or Personal employee of NATO-1, NATO-2, NATO-3, NATO-4, NATO-5,
NATO-6, and immediate family.

O                                 Aliens with Extraordinary Ability (General)
O-1                              Aliens with extraordinary ability in sciences, arts, education, business, or athletics
O-2                              Alien accompanying/assisting 0-1 performers or athletes
O-3                              Spouse or child of)-1 or)-2

P                                  Athletes, Artists, and Entertainers (General)
P-1                              Individual or Team Athletes; Group Entertainer
P-2                              Individual/Group Artist or Entertainer in Reciprocal Exchange Program
P-3                              Artist or Entertainer in Culturally Unique Program
P-4                              Spouse or child of P-1, P-2, or P-3

Q-1                              International Cultural Exchange Visitor
Q-2                              Irish Peace Process Cultural and Training Program (Walsh Visas)
Q-3                              Spouse or child of Q-2

R                                  Religious Workers (General)
R-1                              Religious Worker         
R-2                              Spouse or child of R-1

S                                  Witness or Informant (General)
S-5                              Witness or informant regarding Criminal Organization
S-6                              Witness or informant regarding Terrorism
S-7                              Spouse, child, or parent of S-5 or S-6

T                                  Victim of trafficking in person & immediate family
T-1                              Victim of a severe form of trafficking in persons
T-2                              Spouse of trafficking victim
T-3                              Child of trafficking victim
T-4                              Parent of trafficking victim under 21

TN/TD/NAFTA           North American Free Trade Agreement
TN-1                           Canadian NAFTA Professional
TN-2                           Mexican NAFTA Professional
TD                               Spouse or child of TN-1 or TN-2

TWOV                                    Transit without a visa (Passenger or crew admitted temporarily)

U-1                              Victim of certain criminal activity
U-2                              Spouse of U-1 victim
U-3                              Child of U-1 victim
U-4                              Parent of U-1 victim under 21

V                                 Immediate Family of Legal Permanent Resident
V-1                              Spouse of a Legal Permanent Resident who is the principal beneficiary of a family-based petition
V-2                              Child of a Legal Permanent Resident who is the principal beneficiary of a family-based petition

V-3      Derivative Child of a V-1 or V-2

Foreign National Mortgage, Foreign National Mortgages, Foreign National Loan, Foreign National Loan