FOREIGN NATIONAL
This program has been designed for real estate foreign national investors who likes to acquire properties particularly in Florida (Miami Dade, Broward & Palm Beach Counties)
1. 888. 358 . 3444 WWW.METWESTONLINE.COM
GENERAL PARAMETERS
Foreign National Investor
Loan Amount
$125,000 to $2,000,000
Maximum LTV SFR, Townhomes, 2-4 Family Dwellings
$125K TO $200K 60% LTV Over $200K 65% LTV
Maximum LTV Condominiums
$125K TO $200K 50% LTV Over $200K 60% LTV
Cash Out LTV
50% LTV
Loan Types
Fixed Up to 5 years
Amortization
Up to 20 years
Index for ARMs:
Wall Street Journal Prime
Caps for ARMs:
Interest rate may not increase or decrease by more than 2 percent on the annual adjustments and no more than 6 percent over the life of loan. Life of loan floor equal to beginning rate.
Prepayment Penalties: Prepayment penalties are (3,2,1) 3 percent the
first year; 2 percent the second year and 1 percent the third year. Principal pay downs over 20% in any twelve month period will be considered prepayment. Prepayment penalties apply to lender paid compensation only. Borrower paid compensation loans do not have a prepayment penalty.
Occupancy:
Second Homes Investment Properties
Lending in Florida Only:
Miami Dade County Broward County Palm Beach County
Brokers
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