US Newcomer Mortgage
We understand the challenges newcomers to the US face in securing a mortgage without a US credit history. That’s why our US Newcomer Mortgage Program is designed specifically for those who are new to the country and lack good FICO.
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Program Features
Program Features
Get a US Newcomer Loan in 5 Quick Steps
Contact Our Loan Officers
Work with our loan officers and get the mortgage program tailored for you.
Pre-Approval
Submit your income and fund details to determine eligibility and get pre-approval.
Submit Application
Our mortgage officer will assist you in preparing the required documents and submitting your loan application.
Loan Approval
Receive approval and finalize your loan details.
Closing
Sign your documents and secure your investment property.
Why HomeAbroad Loans?
Unmatched Expertise
HomeAbroad Loans offers the best rates and seamless guidance through the mortgage process for foreign nationals, thanks to our experienced mortgage officers.
Concierge Service
Our end-to-end concierge service ensures a smooth and successful real estate journey, providing tailored support from application to closing.
Hear How We Turned Dreams into Reality
Ready to Join Our Happy Family of Satisfied Clients?
Contact Us Now to Get StartedFAQs
Didn’t find what you were looking for? Explore our foreign national mortgage resource library.
Mortgage GuidesThe US newcomer mortgage program is tailored specifically for US newcomers who lack a US credit history. It considers your credit history from your home country or other alternative documents, allowing you to qualify for a mortgage without US credit history.
Our mortgage program accepts alternative proofs of creditworthiness, such as timely payments on tradelines from your home country, including credit cards. Supported credit reports from your home country can also be used to verify your credit history.
Yes, the program requires a minimum down payment of 20% or an LTV of 80%. The loan amount can go up to $3 million, with a maximum Debt-to-Income (DTI) ratio of 43%. Additionally, foreign assets can be used to verify funds for the down payment, closing costs, and reserve requirements.
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