Are you a foreign investor looking to purchase property in the United States? Navigating the U.S. mortgage market can be challenging, especially for non-residents. However, Lendai is here to simplify the process with a range of financing options tailored specifically for foreign investors.

Lendai provides flexible mortgage lending solutions, including New Purchase Loans, Cash-Out Refinance Loans, Standard Refinance Loans, and Portfolio Loans, to help you grow your real estate investments in the U.S. Let’s take a closer look at the services and programs available to foreign investors through Lendai.

Types of Loans Offered by Lendai

Whether you're looking to buy your first U.S. property, refinance an existing loan, or unlock your property's equity, Lendai has a loan type to meet your needs:

New Purchase Loans

Lendai’s New Purchase Loans allow foreign investors to finance the purchase of a variety of U.S. properties. With competitive 30-year fixed rates, you can secure long-term stability and grow your investment portfolio.

Cash-Out Refinance Loans

If you're looking to access the equity in your existing U.S. property, Lendai’s Cash-Out Refinance Loans provide a way to tap into your property’s value while still retaining ownership.

Standard Refinance Loans

Lendai also offers Standard Refinance Loans for those who want to lower their interest rates, reduce monthly payments, or switch to a more favorable mortgage option.

Portfolio Loans

With Portfolio Loans, investors can manage multiple properties and streamline their finances under a single loan structure. These loans are ideal for investors who hold several properties and want a tailored financial solution.

Specialized Short-Term Financing Programs

In addition to long-term loans, Lendai also offers specialized Short-Term Programs designed to meet the needs of more active investors:

Bridge Loans: If you're in the process of purchasing a property but need short-term financing to cover the gap, Lendai’s Bridge Loans can help you secure a property before your long-term financing is ready.

Fix & Flip Loans: For investors looking to renovate and resell properties, Fix & Flip Loans provide the capital you need to purchase, renovate, and sell at a profit.

Ground-Up Construction Loans: If you're planning a new construction project, Lendai’s Ground-Up Construction Loans give you the flexibility to finance your building project from the ground up.

Key Financial Metrics Focused by Lendai

Lendai’s mortgage lending solutions are tailored for foreign investors, with a focus on key financial metrics that ensure success in U.S. property investments:

DSCR (Debt Service Coverage Ratio): Lendai evaluates the Debt Service Coverage Ratio (DSCR) to assess your ability to meet the debt obligations on your property. A strong DSCR helps demonstrate your property’s ability to generate income to cover loan payments.

Global DTI (Debt to Income Ratio): Lendai also considers your Global Debt-to-Income (DTI) ratio, which looks at your total income compared to your debt obligations. A healthy DTI ratio is crucial for securing favorable loan terms.

Properties Eligible for Financing

Lendai offers financing for a wide range of property types, making it an ideal choice for foreign investors seeking diverse investment opportunities in the U.S.:

Single-family homes: Perfect for investors seeking to purchase standalone properties.

2-4 unit residences: Ideal for multi-family property investors looking for rental income.

Condos & Condo-hotels: Financing available for investors interested in buying condominiums or condo-hotels, often in prime locations.

Townhouses: Suitable for those interested in purchasing townhomes as rental properties or for resale.

5-8 unit buildings: Lendai also finances small multi-family properties, offering opportunities for investors to scale their portfolios.

Why Choose Lendai?

Lendai stands out in the U.S. mortgage market by focusing on the unique needs of foreign investors. With flexible financing options, competitive rates, and a streamlined application process, Lendai helps international investors navigate the complexities of U.S. real estate financing.

Whether you’re looking to purchase, refinance, or build new properties, Lendai’s range of loan products and short-term programs provide the flexibility and support you need to succeed in the U.S. real estate market.

As you own your home longer, pay down your mortgage, and make home improvements, you build equity. Just as your home was used as collateral for your original mortgage, that same equity can serve as collateral for future loans, known as HELOCs (Home Equity Lines of Credit).

A HELOC works similarly to a credit card: you can borrow against it as needed and make payments over time. Unlike a standard home equity loan, which is a lump sum, a HELOC gives you the flexibility to borrow and repay as you go within a set period. Since HELOCs are secured by your home, they typically come with lower interest rates compared to unsecured credit options like credit cards. This makes them a great choice if you’re looking to consolidate higher-interest debts or need a financial cushion for a period of time. Here are 10 of the best HELOC lenders to consider:

1. Bank of the West

A subsidiary of BNP Paribas, Bank of the West offers HELOCs with no origination or closing fees for loans up to $2 million. You can apply both in person at a branch or online, making it a convenient choice for homeowners.

2. Homeside Financial

Based in Maryland, Homeside Financial operates in 22 states. They offer a simple online application process and reportedly excellent customer service. However, there’s a $495 origination fee and a minimum draw requirement of $10,000.

3. Bank of America

With Bank of America, you can start off with a low introductory rate of 3.74%, which jumps to 5.9% after the first year. Despite this increase, it’s still a competitive rate, and there are no origination, annual, or closing fees to worry about.

4. CitiMortgage

For those who prefer banking online, CitiMortgage, a division of Citibank, provides convenient HELOCs with the added perk of discounts for Citibank customers. You can also benefit from automatic payment options when you link your HELOC to your Citibank account.

5. PenFed Credit Union

Available for up to $400,000, PenFed Credit Union offers HELOCs with relatively low fees. While they primarily cater to military families, anyone can apply by making a $17 donation to become a member.

6. Bethpage Federal Credit Union

Located in New York, Bethpage Federal Credit Union offers a 3.99% introductory rate for the first year, which then climbs to 5.25%. One downside is the relatively high minimum draw of $25,000, but the rates remain competitive.

7. SunTrust

SunTrust stands out for its flexibility, allowing customers to convert part or all of their HELOC balance to a fixed-rate option. This can be a big benefit for homeowners looking to lock in a stable payment plan.

8. Third Federal Savings and Loan

Based in Ohio, Third Federal Savings offers a competitive 4.49% APR after a modest $65 origination fee. Known for excellent customer service, it’s a top choice for many homeowners.

9. PNC

A national HELOC lender, PNC stands out for its customer satisfaction, particularly for its flexible terms. They offer fixed-rate options with terms ranging from five to thirty years, giving homeowners a variety of payment plans to choose from.

10. Connexus Credit Union

Though primarily serving Minnesota and Wisconsin residents, Connexus Credit Union allows anyone to join for just a $5 donation. They offer a competitive variable APR of 3.5%, with the added benefit of flexible repayment terms based on 1.5% of your balance.

Why Choose a HELOC?

HELOCs can be a valuable financial tool, offering you flexible access to funds with lower interest rates compared to unsecured options. Whether you're using the line of credit to pay off high-interest debts, fund home renovations, or cover unexpected expenses, choosing the right lender is key to making the most of your equity.