New Jersey National Home Mortgages
Welcome to Capital Home Mortgage. Foreign National Home Mortgages are designed to help non-U.S. citizens who live outside the country or are temporarily residing in the U.S. purchase or refinance properties in the US. These loans cater to foreign nationals with no U.S. credit history, SSN, or green card, making them a popular option for international investors and individuals seeking to own property in US. Capital Home Mortgage can guide Foreign Nationals through this non-traditional mortgage path, offering individualized solutions. Our extensive experience and dedication to customer service make us a dependable option for Non-QM loans.
Call today (201) 293-0440 to speak to a Foreign National Mortgage Specialist.
New Jersey Foreign National Mortgage Loans
Foreign National Home Loans are for individuals wanting to purchase or refinance property in the US, but reside outside of the country.
New Jersey Foreign National Key Points
- Purchase, Rate & Term, Cash-Out
- Minimum Credit N/A
- Maximum LTV 70%
- Qualify based on Property Income
- DSCR 1.1
- LLC’s Allowed
- Interest Only Allowed
- 12 Months Reserves
- No Gifts Allowed
- No Limit on Total Properties
- Short Term Rentals Allowed
- Vacant Properties Eligible
- Must Reside Outside US
- Must Have Valid Visa
- Minimum Loan 100K / Maximum Loan 1.5M
Benefits of Foreign National Home Loans
- Accessible to Non-Residents: Enables non-U.S. citizens to invest in US real estate.
- No U.S. Credit History Needed: Uses alternative credit and income documentation.
- Flexible Loan Terms: Accommodates diverse financial profiles and international documentation.
- High Loan Limits: Ideal for New Jersey’s luxury real estate in markets like Los Angeles, San Francisco, and Silicon Valley.
Eligibility Requirements of Foreign National Loans
- Proof of Residency: Valid passport from the borrower’s home country. Visa (if applicable)
- Income Proof: Documents from employers, such as: Pay stubs and VOE, CPA-certified (P&L) statements for self-employed borrowers.
- Property Intent: Statement of purpose (e.g., investment, second home, or primary residence).
- Credit History: Alternative credit may be established using international credit reports or references.
- A U.S. based bank account is required to facilitate payments, transactions and proof of funds when applicable.
- Down Payment or Equity: Typically required (20-30% minimum). Reserves: Typically equivalent to 6-12 months of payments.
Qualifying for Foreign National Loans
- Pre-qualification: The borrower provides proof of income, assets, and identity to estimate loan eligibility.
- Application: Submitting property information, financial documents, and additional international documentation.
- Approval: Underwriting evaluates income, reserves, property value, and creditworthiness.
- Closing: Final documents are signed, and funds for the down payment and closing costs are provided.
Challenges of Foreign National Home Loans
- Higher Down Payments: Due to higher perceived risk, lenders often require significant equity.
- Limited Lender Options: Fewer U.S. lenders offer foreign national mortgage products.
- Higher Interest Rates: Reflecting the complexity and risk associated with international borrowers.
- Complex Documentation: Borrowers must navigate foreign income and asset verification requirements.
Who Should Consider Foreign National Home Loans
- International Investors: Non-residents investing in New Jersey real estate for rental income or appreciation.
- High-Net-Worth Individuals: Those looking to purchase luxury properties in the US.
- Expats and Visa Holders: Individuals temporarily living in the U.S. seeking homeownership options.
- Second Home Buyers: International buyers acquiring vacation or seasonal homes in New Jersey.
New Jersey Foreign National Mortgage Rates
Interests rates are calculated using several factors. Depending on the type of mortgage you are looking at and the impact of the items below can determine the interest rates.
- Demand for Mortgage Securities
- Property Securing the Mortgage
- Occupancy of the Property
- Loan to Value of the Property
- Borrower’s Credit Worthiness
Why New Jersey Homeowners Choose Capital Home Mortgage
Close On Time
Complete Control from Application to Funding
Competitive Rates & Fees
Direct Lender with Complete Mortgage Programs
Exceptional Service
Customer Support Application to Final Payment
Capital Home Mortgage Company Reviews
New Jersey Home Mortgage Programs
New Jersey Home Purchase loans
Looking to Purchase a New Jersey Home?
Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
- Primary, 2nd Home, Investment
- Competitive Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
New Jersey Renovation Home Loans
Looking to Rehab a New Jersey Home?
Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
New Jersey FHA Home loans
Great 1st Time New Jersey Homebuyers
FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket. Call today to get started.
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
New Jersey va Home Loans
100% Financing for New Jersey Vets
Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
New Jersey Conventional Home loans
Flexibility for New Jersey Homebuyers
Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
- Primary, 2nd Home, Investment
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Terms
- Renovation Programs Available
New Jersey Jumbo Home Loans
New Jersey Non-Conforming Home Loans
Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
New Jersey USDA Home loans
New Jersey 100% Rural Loans
USDA Loans are a great option for families wanting to live outside of the city. Call today to speak with a loan officer to discuss your personal loan options.
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
New Jersey Native american Home Loans
Not Available in New Jersey
HUD 184 Home Loans are solely for Native American and offer a variety of benefits. Call today to speak with a loan officer to find out more.
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
New Jersey Manufactured Home loans
Great New Jersey Alternative Housing
Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
New Jersey Reverse Mortgage Loans
Your New Jersey Home at Work
Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
New Jersey Non QM Home loans
Making New Jersey Mortgages Possible
Looking for Non Traditional Home Mortgage Loan? Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
New Jersey One Time Close Home Loans
Build Your New Jersey Dream Home
Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan. Call today to see how a OTC loan works.
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
New Jersey Refinance Mortgage loans
New Jersey Rate & Term Refinance
Refinancing can be a hard decision and may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor for details.
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
New Jersey Cashout Mortgage Loans
New Jersey Equity Mortgage Loans
Cash-Out Mortgage Loans make use of the equity in your home. Refinancing may result in finance charges that may be higher over the life of the loan. Consult with your loan advisor.
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education
