Program

Foreign National Loans

Global Borrowers

U.S. real estate for borrowers who live, earn, or bank abroad. No U.S. credit history required — DSCR, Alt Doc and Full Doc options help foreign investors and first-time U.S. buyers finance U.S. real estate.

No U.S. CreditITIN & Visa OKDSCR or Alt Doc

At a glance

Loan amounts
To $3M
Max LTV
75%
U.S. credit
Not required
Documentation
DSCR, Alt Doc or Full Doc
Foreign credit accepted. No SSN or ITIN required for eligible Foreign National borrowers.

What Is a Foreign National Loan?

A foreign national loan is a U.S. mortgage for borrowers who live, earn, or bank outside the United States and typically have no U.S. credit history. Sky qualifies foreign nationals on the property's rental income (DSCR) or with alternative documentation such as foreign bank statements or a CPA letter.

Who Are Foreign National Loans For?

Non-resident investors buying U.S. rental property
Foreign nationals purchasing a second home in the U.S.
Foreign borrowers without an established U.S. credit history
First-time U.S. buyers with strong foreign income or assets
“No U.S. credit? No U.S. job? DSCR and flexible documentation can create another path to U.S. real estate.”
How to pitch it to your borrower

How Does a Foreign National Loan Work?

What the file needs — and how we get to a number.

01Identity & status

A valid passport and applicable visa documentation establish identity and eligibility.

02Qualifying

Investment properties can qualify using rental income through DSCR, while Full Doc and Alt Doc options — including bank statements — provide additional ways to qualify.

03Assets

Verify funds needed for the down payment, closing costs and applicable reserves.

04Credit

U.S. credit history isn't required. Borrowers may qualify using U.S. or foreign credit, with alternative credit options available.

Foreign National Loan Requirements

Valid passport plus visa, visa waiver, or ITIN; CIP/OFAC screening on every borrower
Investment property qualified by DSCR, or a second home qualified with alt-doc income (foreign statements, CPA letter, or employer VOE)
Funds to close and reserves verified in a U.S. or foreign account (foreign statements translated and converted)
U.S. credit not required — foreign credit report, reference letters, or none at all on DSCR files
Loan amounts to $3M; maximum LTV per the matrix (75% typical)

Requirements follow the current Sky TPO matrices and guidelines; see the matrix for each suite below.

Sky TPO Foreign National Loan Programs

Each suite sets the occupancy, loan amounts, and matrix — pick the one that fits the property.

Passport

Foreign NationalFull & Alt Doc (second homes & investment) and DSCR 1–4 Unit.
DSCR 1–4 Unit — Foreign NationalMatrixGuidelines
Full & Alternative Documentation — Foreign NationalMatrixGuidelines

Real-World Foreign National Scenarios

Scenario 01

Investor from Mexico City

Buys a Miami condo as a rental, 30% down wired from a Mexican bank, qualifies on DSCR 1.10. No U.S. credit.
Scenario 02

Canadian second home

Alt-doc income via a CPA letter and 12 months of Canadian bank statements; 70% LTV on a Scottsdale second home.

Frequently Asked Questions About Foreign National Loans

What is a foreign national loan?

A U.S. mortgage for borrowers who live, earn, or bank abroad and usually have no U.S. credit — qualified by DSCR or alt-doc income through the Passport suite.

Is a visa required?

A valid passport plus a visa, visa waiver, or ITIN is required; status is verified as part of CIP/OFAC screening.

Do I need a U.S. bank account?

Funds can come from a foreign account with translated statements; a U.S. account for payments is typically opened before closing.

Can the loan close in an LLC?

Yes — a U.S. LLC with a personal guaranty is common for investment property.

Which countries are eligible?

Country eligibility is subject to current Passport guidelines and applicable OFAC/sanctions requirements.

Have a Foreign National scenario?

Price it in Sky Port in minutes or send it to the Scenario Desk.