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:
“There can only be one Commander-in-Chief. In these times, crises cannot be managed and wars cannot be waged by committee. To the ears of the world, the President speaks for the nation. While he is of course ultimately accountable to Congress, the courts, and the people, he and his emissaries must not be handicapped in advance in their relations with foreign governments as has sometimes happened in the past.”
—Gerald R. Ford (b. 1913)
“Let us waive that agitated national topic, as to whether such multitudes of foreign poor should be landed on our American shores; let us waive it, with the one only thought, that if they can get here, they have God’s right to come.”
—Herman Melville (1819–1891)
“We are playing with fire when we skip the years of three, four, and five to hurry children into being age six.... Every child has a right to his fifth year of life, his fourth year, his third year. He has a right to live each year with joy and self-fulfillment. No one should ever claim the power to make a child mortgage his today for the sake of tomorrow.”
—James L. Hymes, Jr. (20th century)