I am looking for an easy foreign national loan

There are several lenders that offer "easy" foreign national loan programs, typically focusing on minimal documentation and qualifying based on property cash flow (DSCR) or streamlined requirements. The best fit will depend on your property type, loan purpose, location, loan amount, and other details.

To help you find the easiest and most suitable foreign national loan, could you please provide:

• Property type (single family, condo, multi-unit, etc.)
• Loan purpose (purchase, refinance, cash-out, etc.)
• Property state
• Estimated loan amount
• Credit score (if available)
• Preferred way to document income (if any)

This information will help me match you with the simplest and most flexible programs available. Would you like to proceed with a DSCR (cash flow-based) loan, or are you looking for a different type of qualification?

Yes, there are several lenders with foreign national loan programs that are friendly to Canadian borrowers, including options with easy qualification like DSCR (cash flow-based) loans. The best program will depend on your property type, loan purpose, and other details.

To recommend the best and easiest options for a Canadian foreign national, could you please provide:

• Property type (e.g., single family, condo, multi-unit)
• Loan purpose (purchase, refinance, cash-out)
• Property state
• Estimated loan amount
• Credit score (if available)
• Preferred income documentation (if any)

This will help me identify the most suitable and streamlined programs for you. Would you like to focus on investment properties (DSCR loans), or are you interested in other property types or purposes?

Several lenders offer easy, streamlined foreign national loan programs for Canadian borrowers purchasing a single family investment property in Virginia with 12 or 24 months bank statements, 70% LTV, $245,000 loan amount, first time investor status, and no prepayment penalty. The best options are summarized below.

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Top "Easy" Foreign National Loan Programs for Canadians

Lender/Program	Foreign National	Bank Statement Income	DSCR/Low-Doc	SFR Investment	1st Time Investor	No Prepay Penalty	Min DSCR	Notes
FundLoans – SPECTRUM ELITE	Yes	Yes (DSCR focus)	Yes	Yes	Yes	Yes	1.0	DSCR-based, minimal documentation, foreign national friendly
Angel Oak – Bank Statement	Yes	Yes	Yes	Yes	Yes	Yes	N/A	Bank statement only, no tax returns, foreign national eligible
Champions Funding – Ambassador DSCR/Full-Alt Doc	Yes	Yes	Yes	Yes	Yes	Yes	1.0	DSCR or bank statement, both streamlined, foreign national friendly
Change Wholesale – Alt Doc Advantage	Yes (with US credit)	Yes	Yes	Yes	Yes	Yes	N/A	Bank statement, no prepay penalty, US credit required
Newfi – Sequoia NQM - ITIN Expanded	Yes	Yes	Yes	Yes	Yes	Yes	N/A	ITIN or SSN required, 4 years US work/credit/housing history needed
Loan Stream – Core NonQM	Yes	Yes	Yes	Yes	Yes	Yes	N/A	Bank statement, no prepay penalty, streamlined for foreign nationals
Deephaven – DSCR	Yes	No (DSCR only)	Yes	Yes	Yes (stricter)	Yes	1.0	DSCR only, no bank statement income for foreign nationals
NQM Funding – Foreign National Program	Yes	No (DSCR only)	Yes	Yes	Yes	Yes	1.0	DSCR only, no bank statement income for foreign nationals
Arc Home – Access DSCR	Yes	No (DSCR only)	Yes	Yes	Yes	Yes	1.0	DSCR only, no bank statement income for foreign nationals

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Key Takeaways

• Best for Easiest Process (Minimal Documentation):

  • DSCR programs (like FundLoans SPECTRUM ELITE, Champions Funding Ambassador DSCR, Deephaven DSCR, Arc Home Access DSCR, NQM Funding Foreign National) qualify you based on property cash flow, not personal income—very streamlined for foreign nationals.
  • Bank statement programs (like Angel Oak, Change Wholesale, Loan Stream, Newfi) allow you to use 12 or 24 months of personal or business bank statements for income, with no tax returns required.

• Canadian Borrowers: All programs above accept Canadian foreign nationals. Some (like Change Wholesale and Newfi) may require US credit or ITIN/SSN and US work/housing history.

• First Time Investors: All listed programs allow first time investors.

• No Prepayment Penalty: All programs can be structured with no prepayment penalty.

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Recommendations

• If you want the absolute lowest documentation, choose a DSCR program (property cash flow only).
• If you prefer to use your bank statements for income, select a bank statement program from Angel Oak, Change Wholesale, Loan Stream, or Newfi (if you meet US credit/history requirements).

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Next Steps

1. Decide if you want to qualify using property cash flow (DSCR) or your bank statements.
2. Gather your documentation (bank statements, ID/passport, proof of funds, etc.).
3. Let me know if you want a step-by-step guide for any specific program or more details on documentation!

Would you like a detailed comparison of documentation requirements, or help choosing between DSCR and bank statement qualification?

For Canadian foreign nationals purchasing an investment property in Virginia, US residency or work authorization is NOT required for most foreign national loan programs. You must provide proof of Canadian citizenship (valid passport), and sometimes a visa or proof of entry, but you do not need to live or work in the US.

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Documentation Requirements by Lender

Lender/Program	US Residency/Work Required?	Proof of Citizenship/ID	Other Key Docs/Notes
FundLoans – Spectrum Elite DSCR	No	Valid Canadian passport, visa (if applicable)	3 Canadian credit references or int'l credit report, 2-year housing history, OFAC check, US bank for funds
Angel Oak – Bank Statement	No	Valid Canadian passport	OFAC check, bank statements (12/24 mo), funds can be in foreign account, no SSN/green card needed
Arc Home – Elite Alt Income	No	Valid Canadian passport	Proof of primary residence in Canada, bank statements, no US residency/work/SSN required
Champions Funding – Ambassador DSCR/Full-Alt Doc	No	Valid Canadian passport	May need secondary ID, no US credit/visa required, bank statements or DSCR
Change Wholesale – Alt Doc Advantage	No	Valid Canadian passport, visa (if applicable)	US credit report or references required, no US residency/work needed
Deephaven – DSCR	No	Valid Canadian passport	Proof of foreign address, DSCR qualification, no US residency/work required
Loan Stream – Core NonQM	No	Valid Canadian passport	May need visa (if applicable), proof of funds, possibly Canadian credit reference

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Typical Documentation for Canadian Foreign Nationals

• Proof of Citizenship: Valid, unexpired Canadian passport
• Visa/Entry Status: Only if required for travel (not for residency/work)
• Proof of Foreign Address: Utility bill, bank statement, or similar (some lenders)
• Credit Reference: Canadian credit report or reference letters (some lenders)
• OFAC Review: Lender checks you are not on US sanctions list
• Income Documentation: 12 or 24 months of personal or business bank statements (if using bank statement program)
• Asset Documentation: Proof of funds for down payment and reserves (may need to be in US account for 30 days for some lenders)
• No US Social Security Number, Green Card, or US Work Authorization Required

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Key Takeaways

• You do NOT need to live or work in the US.
• You do NOT need a US Social Security Number or green card.
• You DO need to prove Canadian citizenship and provide standard financial documentation.
• DSCR and bank statement programs are available for Canadians as foreign nationals.

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Would you like a detailed checklist of documents for a specific lender or program? Or do you want to see the full process for a Canadian foreign national loan?