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:
“I am ... willing to make it clear that American foreign policy must uphold the sanctity of international treaties. That is the cornerstone on which all relations between nations must rest.”
—Franklin D. Roosevelt (1882–1945)
“Let him [the President] once win the admiration and confidence of the country, and no other single force can withstand him, no combination of forces will easily overpower him.... If he rightly interpret the national thought and boldly insist upon it, he is irresistible; and the country never feels the zest of action so much as when the President is of such insight and caliber.”
—Woodrow Wilson (1856–1924)
“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)