U.S. Newcomer Mortgage
We understand the unique challenges faced by newcomers to the US when securing a mortgage without a US credit history. That’s why our US Newcomer Mortgage Program is tailored specifically for individuals who are new to the country and lack an established FICO score.
Program Features
Get a US Newcomer Loan in 5 Quick Steps
Contact Our Loan Officers
Get in touch with our experienced loan officers to find the mortgage program that best fits your needs.
Pre-Approval
Submit your financial details to determine eligibility and receive pre-approval, ensuring a smooth start to your mortgage journey.
Submit Your Application
Our loan officers will guide you in gathering and preparing the necessary documents for your mortgage application.
Loan Approval
Once approved, finalize the terms of your mortgage and prepare for closing.
Closing
Sign the required documents and secure financing for your home in the US.
Why HomeAbroad Loans?
Unmatched Expertise
HomeAbroad Loans offers competitive rates and expert guidance for foreign nationals, led by experienced mortgage officers who simplify the process.
Concierge Service
Our end-to-end concierge service provides personalized support from application to closing, ensuring a seamless mortgage journey.
What Our Clients Say
Ready to Join Our Happy Family of Satisfied Clients?
Contact Us Now to Get StartedFAQs
Didn’t find what you were looking for? Explore our foreign national mortgage resource library.
What is the U.S. newcomer mortgage program?
The U.S. newcomer mortgage program is tailored specifically for U.S. newcomers who lack a U.S. credit history. It considers your credit history from your home country or other alternative documents, allowing you to qualify for a mortgage without U.S. credit history.
What alternative proofs of creditworthiness does HomeAbroad accept?
Our mortgage program accepts alternative proofs of creditworthiness, such as timely payments on tradelines from your home country, including credit cards. Supported credit reports from your home country can also be used to verify your credit history.
Are there specific financial requirements for the U.S. newcomer mortgage program?
Yes, the program requires a minimum down payment of 20% or an LTV of 80%. The loan amount can go up to $3 million, with a maximum Debt-to-Income (DTI) ratio of 43%. Additionally, foreign assets can be used to verify funds for the down payment, closing costs, and reserve requirements.
Pre-qualify for a US Newcomer Mortgage
Talk to our loan officer and discuss your needs to get approved for a US newcomer mortgage
Excellent
