MortgageDepot specializes in meeting the challenges faced by borrowers who are foreign nationals. Our access to multiple lenders offering a variety of financing options and programs suited for nontraditional borrowers, helped a client under contract purchase a condo in Aventura, Florida.
The client was a foreign national, non-permanent resident and a first-time homebuyer. He was self-employed in Ukraine and his business had only been incorporated in the United States for one year, but had been generating income in the U.S. for two years. After previously seeking financing for the condo elsewhere with no success, he contacted one of our talented loan originators, Julia Knurova, for assistance, who was able to deliver solutions tailored to his situation.
In the transaction, Julia translated Ukrainian documents into English to provide a detailed explanation of the situation to the underwriter. The client was rate-sensitive and needed a loan without a prepayment penalty. Through MortgageDepot’s creative loan programs, Julia was able to successfully get the client an 80% loan-to-value on a warrantable condo. With an ARM loan, the client qualified for a lower interest rate.
Ultimately, Julia and the MortgageDepot team were able to accomplish what other lenders could not. To discuss your unique lending situation with a skilled mortgage loan originator, contact MortgageDepot today.
