FOREIGN NATIONAL

LOAN TYPE: PORTFOLIO
POSITION: 1ST
RATE TYPE: FIXED OR ADJUSTABLE
PAYMENT TYPE: AMORTIZING
LOAN LIMITS: $484,350, $2 Million
INDEX: NA
TERMS: 10, 15, 20, 25 & 30 Yrs

ADVANTAGES:
• Qualify using foreign income and assets
DISADVANTAGES:
• Higher rates than equivalent Agency loan products
• Stricter LTV requirements than Agency loans