A letter (on company letterhead) from a professional based in the borrower’s country of residence – Accountant/CPA/Financial Institution Officer/ Licensed Financial Advisor verifying: The nature of the business, income figures for the last 2 years, and a year-to-date income figure.
Validation of the existence of the business must include: Internet Web page address, or business and/or operator license from a governmental office
A letter on company letterhead from an authorized representative the employer stating employment history (position/title, time on job), current monthly salary and year-to-date earnings.
A valid pay stub/ pay ledger or financial institution deposit/ transaction record that supports the employment
Eligible properties for Foreign National financing include:
Must have a valid Passport and Visa to enter the U.S.
Borrowers who are residents of countries which participate in the State Departments Visa Waiver Program will not be required to provide a valid visa.
Must have a copy of their last 4 months bank statements. Statements must be translated into English language and must be shown in U.S. currency.
If no foreign credit report is available, the following is required:
2 credit reference letters written in English
Can include non-traditional credit sources, i.e. utility company
bank reference letter written in English
Title can vested in borrower(s) name, including LLC with personal guarantee.
Funds required for down payment and closing costs must be held in a U.S. bank
Cash-Out and Debt Consolidation not permitted
For Rate/Term Refinances, existing loan must be with a U.S. financial institution
Limited Power of Attorney (POA) is acceptable for executing closing documents
Business accounts are eligible for reserves, and reserves can remain at a financial institution in borrower’s home country
702-326-7469 – talk/text Email: DSherbondy@AllWestern.com
Senior Loan Officer
All Western Mortgage
(established in 1981)
“Dan The Loan Man”
702-326-7469 talk/text every day
Dan’s Licensing: NV MLD 45649, CA-DBO313289, CO-100516554 NMLS 313289
All Western Mortgage, 8345 W Sunset Rd Ste 380. Las Vegas, NV 89113
702-326-7469- TALK OR TEXT | | 702.369.0905 – Switchboard (Ask for Dan)
Company NMLS# 14210, NV Division of Mortgage Lending Lic# 204, Arizona Lic# 0923280, Licensed by the CA Dept of Corporations Lic# 603F053, CA Dept of Real Estate Lic# 01893025, CO Division of Real Estate, Florida Lic# MLD895, NM Financial Institutions Division Lic# 03619, UT Division of Real Estate Lic# 7776975,
OR Dept of Consumer & Business Services Lic# ML-4924, TX Dept of Savings and Mortgage Lending – Consumer Notice, WA State Dept of Financial Institutions Lic# CL-14210.