Foreign National Home Buying Program in the United States

How Investimm Helps African Clients Buy Real Estate in the USA

The Foreign National Home Buying Program allows qualified non-U.S. citizens to purchase residential and investment properties in the United States, even if they do not have U.S. citizenship, permanent residency, a Social Security Number, or a U.S. credit history. Through this program, Investimm helps clients from Africa navigate the entire process of buying property in America.

What Is a Foreign National Home Buying Program?

• A Foreign National Home Buying Program is a mortgage and real estate program designed specifically for non-U.S. citizens living outside the United States.
• The program allows international buyers to purchase homes, condominiums, townhomes, multifamily properties, and investment properties in the United States.
• Many lenders participating in these programs do not require a U.S. credit score.
• Buyers may qualify using foreign income, foreign bank statements, business income, and international credit references.

How Investimm Assists African Buyers

Investimm provides end-to-end support throughout the home-buying journey.

• Investimm helps clients identify the best U.S. cities and markets for homeownership and investment.
• Investimm connects clients with lenders that specialize in foreign national financing programs.
• Investimm assists with gathering and organizing required financial documents.
• Investimm coordinates virtual property tours and investment analysis.
• Investimm negotiates purchase contracts on behalf of clients.
• Investimm coordinates inspections, appraisals, title services, insurance, and closing services.
• Investimm assists clients with property management and rental income strategies after closing.
• Investimm serves as a bridge between Africa and the United States by simplifying the entire purchasing process.

Benefits of Buying U.S. Real Estate

• U.S. real estate provides long-term wealth-building opportunities.
• Property ownership can generate rental income in U.S. dollars.
• Real estate can help diversify an investor’s portfolio outside of their home country.
• U.S. properties have historically appreciated in value over time.
• Property ownership can provide housing for family members studying, working, or traveling in the United States.
• Investors gain access to one of the largest and most stable real estate markets in the world.

Immigration Advantages

It is important to understand that purchasing real estate does not automatically provide immigration benefits. However, there are several indirect advantages.

• Property ownership demonstrates financial strength and asset accumulation.
• Real estate ownership can support broader business and investment activities in the United States.
• Property ownership may complement future visa or investment-based immigration strategies.
• Investors may use real estate as part of a long-term plan for establishing ties to the United States.
• Buyers should consult a qualified immigration attorney regarding visa and residency options.

Typical Requirements

Foreign national borrowers are commonly required to provide the following documents:

• A valid passport.
• Proof of current residence outside the United States.
• Recent bank statements.
• Verification of income or business ownership.
• Documentation showing the source of funds for the down payment.
• Asset statements and investment account information.
• International credit references or banking references, if available.
• Signed purchase agreement for the property.

Down Payment Requirements

Down payment requirements vary depending on the lender and borrower profile.

• Most foreign national programs require a down payment of 25% to 40%.
• A 30% down payment is common among many lenders.
• Some programs may allow financing up to 70% loan-to-value (LTV).
• Borrowers must also budget for closing costs and reserve funds.

Banks and Financing Sources

Several lenders and financing sources offer programs for foreign national buyers.

• HSBC International Mortgage Program.
• Quontic Bank Foreign National Mortgage Program.
• Angel Oak Mortgage Solutions.
• The Federal Savings Bank.
• Texas Regional Bank.
• Portfolio lenders.
• DSCR (Debt Service Coverage Ratio) lenders.
• Private lending institutions.
• International mortgage brokers specializing in foreign national loans.

Typical Timeline from Start to Closing

The average transaction takes approximately 45 to 75 days from start to finish.

Week 1–2

• Initial consultation with Investimm.
• Financing review and lender selection.
• Mortgage pre-approval process.

Week 2–4

• Property search and virtual showings.
• Property selection and offer submission.

Week 4–6

• Contract negotiation and acceptance.
• Home inspection and appraisal.

Week 6–9

• Loan underwriting and document review.
• Title search and insurance preparation.

Week 8–11

• Final loan approval.
• Closing document signing.
• Transfer of ownership and delivery of keys.

Example: Purchasing a $600,000 Home

Assume an investor from Africa wants to purchase a home valued at $600,000.

Purchase Details

• Purchase Price: $600,000
• Down Payment (30%): $180,000
• Mortgage Amount: $420,000
• Estimated Closing Costs (3%–5%): $18,000–$30,000
• Estimated Cash Reserves Required: 6–12 months of mortgage payments

Estimated Funds Needed

• Down Payment: $180,000
• Closing Costs: $24,000 (estimated)
• Cash Reserves: $15,000–$25,000 (estimated)

Total Cash Needed

The buyer should expect to have approximately $220,000 to $235,000 available to complete the purchase.

Investment Opportunity

• If the property rents for approximately $4,000 per month, the rental income may offset a significant portion of the mortgage payment.
• The property may appreciate over time while generating monthly cash flow.
• The investor benefits from owning an income-producing asset in the United States.

Why Choose Investimm?

Investimm specializes in helping African families, professionals, entrepreneurs, and investors purchase real estate in the United States.

• We educate clients before they buy.
• We connect clients with financing solutions.
• We identify strong investment opportunities.
• We manage the transaction from beginning to end.
• We provide ongoing support after closing.
• We help bridge Africa and the United States through real estate investment and homeownership.

Investimm

Bridging Africa and the United States Through Real Estate Ownership, Investment, and Wealth Building.