💥 MCF TO THE RESCUE 💥
Location: Richmond, Texas
Loan Type: Home Purchase
Loan Program: Foreign Flex
Purchase Price: $287,000.00
🛑 The Problem:
- One of MCF Wholesale’s broker partners came to us with a foreign national investment scenario.
- The borrower was a wealthy investor but could provide NO credit references requested at other lenders.
- The loan had sat in processing for 30 days with another lender before being brought to MCF Wholesale.
- In addition, the borrower had NO US credit or trade lines of any type and was ready to simply purchase the home in cash.
🙌 The Solution:
- Instead of turning the loan away for the same challenges, our broker brought the deal to MCF Wholesale.
- Thankfully for them and the borrower, foreign national loans are some of MCF Wholesale’s favorites!
- We easily qualified our borrower on the Foreign Flex Income program which has NO requirements for credit reference letters and NO requirement for US credit.
✅ The Take-Away:
- The market has tightened, every deal, every borrower, every Realtor® and every basis point counts!
- Consider MCF Wholesale’s Foreign Flex on your next foreign national loan.
As always, remember to Mortgage IntelligentlyTM
