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Foreign National Program
The American Dream has long been defined as the concept of owning a home. That's true not only for American citizens, but also for residents who live in the country and have not acquired official citizenship. For these residents, the hurdles of buying a home can be even greater, on top of the ongoing challenges inherent to the process, such as saving for a down payment and finding favorable interest rates.
However, there are programs and products that can help. The Foreign National Program at Sierra Lending Group offers those residents the opportunity to buy a home in the United States at terms that are not restrictive or unattractive.
With some of the industry's most flexible conditions, the foreign national loans at Sierra Lending Group are the key to helping non-citizen residents put down roots in the United States.
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TAX ID (ITIN) Program
It is not always true if you don't have a green card, you can't get a mortgage. We do have financing for those who have a Tax ID number available.
This is a very unique product, at afordable rates. The IRS provides this "ITIN", or tax identification number to qualified individuals who are ineligible for a social security number.
Many immigrants prefer to pay with cash and therefore have little or no credit trade lines established.
Our program will require the borrower to have some type of credit.
The more equity the property has, the better the terms of the loan and the easier it will be to qualify.
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ZERO Credit Score Program
If you have little or no credit history, getting financing approval can be difficult.
Because your FICO credit score is based primarily on how you have used credit in the past, having no credit history leaves you with no credit score.
Obtaining credit when you have no credit score can be frustrating since some lenders do not want to extend financing offers to applicants with no credit history.
However, as noted above, Sierra Lending Group will consider additional factors to applicants with limited credit histories.
This means no credit score does not necessarily mean no credit offers.
