A mortgage to a non resident is called a Foreign National Mortgage loan. A foreign national who is not a resident of the United States will in many cases seek to own real estate. Financing real estate is generally done by US mortgage companies and banks to United States citizens.
Lenders also offer loans to non citizens. They may be resident aliens, temporary residents or other classifications of either temporary or permanent status.
Read more about Foreign National Mortgage: Down Payments, Types of Lenders, Referrals, Foreign National Credit Reports
Famous quotes containing the words foreign, national and/or mortgage:
“The force of a language does not consist of rejecting what is foreign but of swallowing it.”
—Johann Wolfgang Von Goethe (1749–1832)
“Children’s lives are not shaped solely by their families or immediate surroundings at large. That is why we must avoid the false dichotomy that says only government or only family is responsible. . . . Personal values and national policies must both play a role.”
—Hillary Rodham Clinton (20th century)
“Loosened from the minor’s tether;
Free to mortgage or to sell,
Wild as wind, and light as feather
Bid the slaves of thrift farewell.”
—Samuel Johnson (1709–1784)