Are There Any 30% Down Payment Foreign National Programs Left

In the last year, we've had numerous lenders either go out of business or leave the wholesale industry all together. Well that doesn't seem to be a good thing for us mortgage brokers. Every week more and more of our products are getting discontinued. What next?

We know that foreign nationals are in good shape to buy here in the United States. Usually the currency exchange rate is in their favor, making already super discounted prices even cheaper. Then on top of that you add lender financing and their initial investment capital is reduced to almost nothing.

In the past, it was easy to find lenders that offered foreign national programs which only required 10%-20% down payment. These days, we barely can find any left that do 30%. The norm is often a 50% loan-to-value ratio. There is obviously something wrong with that number. I don't think we can find too many investors who can put up 50% of their investment capital in cash.

We've found a few lenders left who are offering 30% down payment programs for foreign nationals. In one case, we've even found a lender offering 25% down. Since we haven't yet submitted to that lender, we can't tell you if they are real or not.

Here are some benefits you can offer to Foreign Nationals:

• Government supports foreign investments
• Various Tax Breaks to Encourage Foreign Investment
• Increase and/or Establish Credit Worthiness in the US
• Availability of Mortgage Financing
• Financial Leverage using US Financing Institutions

So if you know of any lenders that offer some better, please let us know. We have a decent incoming customer base of foreigners and we would love to help them invest more in our country.

Thanks,

Vigio Lending Corporation
http://vigio.com