Foreign National Mortgages, Residential Mortgages, & Commercial Mortgages

We specialize in Foreign National Mortgages.

2008 is the year to purchase a new home in the US or refinance an existing foreign national mortgage. Easy approval on foreign national mortgage loans & fast closings.

2008 mortgage interest rates are still very low so now is the perfect time to refinance an adjustable rate mortgage loan or take cash out on a new mortgage. Home prices are declining so it is also a great time to get preapproved for a mortgage to purchase a new home.

We specialize in foreign national mortgages, commercial mortgages and residential mortgages. If you are a foreign national that is looking to refinance foreign national mortgage or purchase a new home, we have the experience to make sure that your foreign national mortgage loan gets closed quickly and with less paperwork. You can obtain a foreign national mortgage if you are looking to purchase a second home or an investment property in the US. If that's the case, now is a great time to buy real estate property in the United States due to declining property values and a weak US dollar. We'll handle your foreign national mortgage loan application from start to finish to get you the best interest rate with the best mortgage terms. It's easy to apply for a foreign national mortgage, either on our website, or by calling us at 1-866-771-1594 or 954-636-3783. Our mortgage consultants are available from 9am to 9pm est to discuss your foreign national mortgage needs.

We also offer commercial mortgage loans from $100k to $500 million. We have full documentation commercial mortgage loans and stated income/asset mortgage programs available. Commercial mortgage loans are available on almost any type of commercial real estate property so be sure and give us a call at 1-866-771-1594 9m to 9pm est.

Our residential mortgages are with the best banks and have the lowest rates. After all we are lowest rate refinance. Jumbo mortgages, we got em. 40 yr mortgages, too. If you're looking to get preapproved for a mortgage, you've come to the right place. Need to refinance a mortgage? We'll find the best lender with the lowest interest rate. Let one of our experienced mortgage consulantants explain your best mortgage options by calling 1-866-771-1594 or apply for a mortgage loan online.

Interest only mortgages are very popular right now. With an interest only mortgage, you can chose to pay either the interest only or principal and interest. If you do make a payment towards your principal, your monthly mortgage payment would go down accordingly. Interest only mortgages are an excellent product for the self employed or commission only borrower. Interest only mortgage interest rates are slightly higher than a 30 yr fixed rate mortgage rate.

Property values are dropping all over the US hich means a higher interest rate or private mortgage insurance or both. Mortgage Lenders are also changing their underwriting guidelines almost everyday. It's getting harder and harder for borrowers to qualify for a new mortgage when they want to refinance a mortgage, so if you are thinking about refinancing a mortgage to take cash out or refinance to a fixed rate mortgage, there is no better time than the present. Refinance a mortgage while you still have a good property value.

Customers first

At 1st Financial Mortgage, Inc. our goal is to make the mortgage loan process as simple and worry-free as possible. We pride ourselves in offering the highest level of customer service, and appreciate the opportunity to earn your mortgage loan business. Whether you want to refinance for a lower mortgage interest rate, fix your adjustable rate mortgage, get a new home mortgage loan or need a commercial mortgage loan our purpose is to meet your needs. By putting you first, we assure you a pleasurable transaction and we gain a lifetime customer. We also appreciate the mortgage referrals that we receive because of this. Our goal is complete customer satisfaction.

Get fast mortgage loan answers

Call us 1-866-771-1594 for a free interest rate quote or apply for a mortgage loan online. Try out our free mortgage calculators. At our website you can find the latest mortgage tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance a mortgage? Check out our Mortgage Refinance Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator! Our free mortgage calculators are great. Be sure and mark our page as a favorite so that you can come back again.

Confused by all the mortgage loan programs from which to choose? Our Loan Program page will help you find the right type of mortgage loan for you. If you have any questions at all, please do not hesitate to contact us at 1-866-771-1594. Our mortgage consultants are ready to answer all of your questions. Remember, we work for you!

Foreign National Mortgage Loans

Are you a foreign national that is ready to cash in on the low housing prices in the United States? You are more than likely going to need a foreign national mortgage to help you purchase those US properties. It is very easy for a foreign national to get approved for a foreign national mortgage loan in the US. Most mortgage lenders will usually only go up to a loan to value of 65% on foreign national mortgages, so you will have to put a large down payment on the property. That means if the home is selling for $200,000, you would need a $70,000 down payment. Some foreign national mortgage lenders will go up to 75% LTV in Florida. If you're a foreign national with US credit and verifiable work income in the US the loan to value could be higher because you may be able to qualify for a Fannie Mae conventional mortgage although most foreign nationals use the stated income foreign national mortgage loan program at 65% LTV. A stated income foreign national mortgage loan means that they will not verify your income or your assets, if this is the only property that you own in the US.

If you are a foreign national and you purchase a home in the US for cash, you will have to wait at least a year to refinance and take out any equity that you may have. That is why foreign nationals are better off purchasing the homes with a foreign national mortgage instead of paying cash. I receive calls daily, from foreign nationals that paid cash for a US property a couple of months ago and now want to take that cash back out. I have to say, sorry, we can't do it, you'll have to wait a year from the date that you purchased the US property to pull out any cash. It is much smarter to use a foreign national mortgage loan to purchase the property in the United States and save your cash.

Of course, interest rates are going to be a little higher on a foreign national mortgage than a Fannie Mae mortgage because it is a riskier loan for the lender to make. Think about it, you reside in a different country. Most foreign national mortgage lenders are offering 30 yr fixed rates and 3 & 5 yr adjustable rate mortgages. The adjustable rate mortgages are good if you think that you will not be holding onto the property much longer than 3 to 5 yrs. The adjustable rate foreign national mortgage loan is also a good option because you can change it to a fixed rate mortgage at any time for a fee of $200. No need to refinance.

It will take about 2 to 3 weeks to close on your foreign national mortgage once you submit your application so be sure and fax your signed sales contract to 954-838-8456 as soon as you get it otherwise you could delay the closing.

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Trust us with your mortgage financing needs.
We offer you the competitive rates and service you deserve. Whether you're a first time home buyer or are refinancing - we will find you the best mortgage interest rate and program for your situation. Apply online today for a no-cost, no-obligation pre-approval!