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DGNQM Foreign National

The DGNQM Foreign National is designed for non-US citizens who visit the country for business or vacation. We offer two DGNQM program doc types for purchase money, refinance and cash-out on second homes and investment properties.

Program Highlights DGNQM

Full Documentation

  • No FICO score required, 640 if Available
  • Credit reference letter in lieu of credit report
  • Loan amounts to $2M
  • Cash out to $2M
  • Maximum LTV/CLTV to 65%
  • 15 & 30 Year Fixed, 5/1, 7/1, 10/1 ARMs
  • DTI up to 50%
  • Conforming, high balance and jumbo loans for borrowers with multiple financed properties
  • Standard Fannie Mae full income and asset required
  • Asset amortization allowed on second home
  • No ownership seasoning requirement for cash-out refinance
  • Cash out from subject may be used towards reserves
  • Condominiums allowed - FNMA eligible
  • I/O Available on ARM loans*
  • No payment shock requirement
  • Accept Visa

DGNQM

Asset Qualification

  • Employment and Income are not required to be disclosed on the 1003
  • No FICO score required, 640 if Available
  • Credit reference letter in lieu of credit report
  • Loan amounts $100K to $2M
  • Cash out to $2M
  • LTV/CLTV to 65%
  • 15 and 30 Year Fixed, 5/1, 7/1, 10/1 ARMs
  • Interest Only available on ARMs*
  • Liquid assets used for qualification
  • Full asset documentation is required for both funds to close and reserves
  • No ownership seasoning requirement for cash-out refinance
  • Cash out from subject may be used towards reserves
  • Assets can be cash in the bank, stocks, bonds or mutual funds
  • Asset levels in verified accounts must remain consistent and sustained over the last 6 month period
  • No payment shock requirement
  • Accept Visa Waiver Program where applicable

Request Information

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CALL THE DG TEAM NOW  305-851-5225