This document outlines loan terms and requirements for foreign nationals seeking mortgages from The Federal Savings Bank. Loan amounts range from $100,000 to $3 million, with higher amounts considered on a case by case basis. Non-warrantable condos and co-ops are eligible, as are condo hotels, with certain presale and occupancy requirements. Interest-only programs and no prepayment penalties are available. Income and assets must be verified and translated if needed. Reserves can remain in the country of origin. Asset depletion loans are available for high net worth individuals lacking income. Borrowers can take title through an LLC, trust, S-corp, partnership or corporation. Financing up to 60%

1. • Loan amounts from $100,000 to $3 million (higher
loans considered on case by case basis).
• Non warrantable Condo’s and Cooperatives, Condo
Hotels = 33% presale, 50% owner occupied, high
commercial percentages are acceptable.
• Interest only programs available and no pre-payment
penalty on all programs.
• Income and assets are verified and will need to be
translated by the Bank. Reserves can remain in country
of origin as long as with a reputable institution.
• Lacking income – asset depletion for high net worth
foreign borrowers is also available.
• They can close/vest in LLC, Trust, Sub S Corp,
Partnership, or Corporation as long as it’s a US entity.
• Depending on purchase price; 60% financing for
foreign second home purchases & 55% financing for
foreign investor home purchases.
• Most recent two years and year to date income
required to source for qualification.
For more information, please contact : Terms and conditions may apply. Subject to underwriting approval.
Foreign Nationals
Copyright 2016 © The Federal Savings Bank | Co. NMLS#411500 | All Rights Reserved | thefederalsavingsbank.com
Douglas Katz
Vice President, NMLS# 217026
direct: (312) 871-3469
fax: (312) 871-3483
cell: (708) 829-1336
dkatz@thefederalsavingsbank.com
www.thefederalsavingsbank.com/dougkatz