is there minimums down payment for foregin national loan?

Lenders doing foreign national's are doing so outside of the conforming guidelines, and therefore are not using a standardized set of rules.. each lender offering financing for foreign nationals will have their own set of rules and requirements, including minimum down payment.. I only have one lending source and they require 40% down. This would be typical for most lenders doing these loans since they are considered very risky.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Depending on which program you qualify for, the down payment requirement would be 20%-35% down. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Foreign Nationals legally living and working in the United States are able to get a conforming loan just like anyone else.

We do foreign national loans and would love to help you out with this. Currently there is no standard set of rules for down payments on foreign national loans. Typically 40% is required but it can be lower depending on the situation. In order to determine an exact number for you I would need to gather a little more information from you. My company Equity Mortgage Lending is local to you in Owings Mills Maryland and would appreciate the opportunity to earn your business. My name is Jason Kelley and hope to hear from you soon. Please call me at (443) 471-4320 or e-mail me at jkelley@equitymortgagelending.com. Thank you for your time and consideration.

Let me elaborate a bit more.. FNMA guidelines do allow for borrowers who are here legally, either permanent or non permanent residents to obtain financing. FNMA does not specifically state which documentation would be necessary to verify your resident status. It's up to the lenders to determine which documentation they would or would not accept. For most lenders they will only allow permanent resident aliens, or work visas with the borrower here for at least 2 years, and the visa is valid for an additional 2 years post closing. So if your visa falls under these requirements, you should be ok, and you can purchase using FHA, USDA, or conventional, and whatever the minimum down payment requirements for those programs are, you would qualify, so long as you can document your income.. This is where the problem lies.. If you are here legally, and working, having us taxes withdrawn from your income, and filing US income tax returns, only then would your income be considered.. so If you're here on a visitor's visa (actually called Tourism, vacation, pleasure visitor's visa B-2), and you wish to purchase a home to vacation here, but all your income is foreign income, it will be very difficult to find a lender willing to consider alternative documentation (usually in a foreign language) as supporting documentation for proof of income.. So when you say "Foreign National". I'm assuming you are not here on any type of visa that the mainstream lenders consider acceptable.. For example.. Just about ever lender out there will not finance a Canadian citizen on a home here in the US.. Those borrowers would be considered foreign nationals and would be subject to a non-conforming (portfolio or private money) loan product.. With these loan products, each lender offering this type of financing will have their own individual rules, requirement, as well as minimum down payments. For most it's 40%, although more and more are offering this loan product with lower requirements, it's still rather difficult to find.. I hope this clarifies things for you.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

As you can see from other responses, it really varies depending on the lender and the details of your residence in the US.

Hello, I have a great foreign national program. It requires a minimum of 35% down and the max loan amount would be 65%. I am also close by in Silver Spring. Reach out to me if you would like to investigate the details further. Robert L. HansonGladewater National BankDirect: 240-752-7549Cell: 301-651-7822Email: rhanson@gladewaternational.comNMLS# 695929

I apologize as I mis-typed... The maximum loan amount would be $650,000 (not 65%)Sorry!