Many communities throughout the greater Dallas metropolitan area are experiencing a tremendous economic boom which is driving businesses and individuals to relocate at an accelerated rate.
In such an economic climate, real estate values are climbing, making this an ideal time and place to invest in US property as a foreign national.
At Stonebriar Mortgage, we can match you with a competitive foreign national loan to help you achieve your real estate investing goals, whether you are interested in property in Austin, Dallas, San Antonio, Houston, TX, or anywhere else in the state of Texas.
What You Can Do With a Foreign National Loan
A foreign national loan is a product aimed at investors, not residential buyers. You can buy a second home or vacation home with a foreign national loan, but not a primary residence.
We can help to purchase a primary residence, but you will need to apply for a regular home loan if that is your purpose. With a foreign national loan, you can also purchase property to rent out.
If you want to build a property in the US or buy land for future construction, this is also a suitable purpose for a foreign national loan, so long as the property you build will not be your primary residence.
If you have any questions or concerns about what type of loan is right for you, we can clarify the matter for you during your consultation.
How to Apply for a Foreign National Loan in Texas
If you would like to apply for a foreign national loan in Texas, you can begin by calling us to schedule your consultation.
When you apply, you will need to present the following documents:
- A copy of your passport and Visa.
- Proof of your residence in your home country.
- A copy of your purchase contract.
- An escrow letter.
- A letter from your employer stating your income.
- A letter from your accountant verifying your income.
- Two bank reference letters, two bank statements, and two credit card reference letters.
You do not need to establish credit in the United States to apply successfully for a loan as a foreign national.
Why Choose Stonebriar Mortgage?
Here are a few reasons to work with our company for your foreign national loan needs:
- Foreign national loans are one of our top specialty products. With 20 years of experience issuing investor loans throughout the state of Texas, we have the experience to rapidly connect you with a competitive foreign national loan so you can close fast on valuable real estate.
- Our foreign national loans are as competitive as our domestic loans in terms of interest rates and down payments.
- We offer financing up to $10 million. Whether you are investing in a residential or commercial property, you will be able to achieve your goals when we connect you to the ideal loan.
- We patiently guide you through the foreign national loan process, and work with you to overcome any obstacles. Anytime you have a question, our loan experts are standing by.