Foreign national loans on New Jersey rental property
A foreign national mortgage is a loan on a rental property in the United States for a buyer who lives outside the country, without US income, US tax returns or, at some programs, any US credit history. We offer it on rental property in New Jersey. For business purposes only.
- Direct, licensed mortgage lender
- NMLS #103098
- Equal Housing Lender
Start your foreign national loan
Read what the programs ask for, then talk it through.
Fidelity Residential · NMLS #103098 · Equal Housing Lender
Why work with a New Jersey lender
Fidelity Residential is a direct mortgage lender licensed in New Jersey under a Residential Mortgage Lender License. Our New Jersey office is at 121 NJ-36, Suite 230, West Long Branch, and our licensed branch is at 1 Yorktowne Drive, Manalapan (branch NMLS ID #2103558).
A licensed loan officer works across time zones and compares the foreign national programs for your New Jersey property.
How a foreign national loan works
It is a business-purpose loan: nobody on the loan will live in the property. Most programs base the loan on the property’s expected rent rather than on the buyer’s income, and the rent must usually cover the full monthly payment, with taxes, insurance and any association dues.
A US credit score is not required: a foreign credit report or bank reference letters can be used, and some programs need neither. Title can be held in a company, such as a US limited liability company, with a personal guarantee.
New Jersey has the smallest share of empty rental homes among the 40 states and the District of Columbia where we are licensed: about 3.5 of every 100 rental homes stood empty and for rent, against about 5.5 nationally (U.S. Census Bureau, American Community Survey 2020-2024). See the state table.
What the programs ask for
- A passport and, where it applies, a visa
- A foreign credit report or bank reference letters, where the program asks
- Bank statements, converted to US dollars and translated
- An appraisal with a rent schedule; on a refinance, the lease and proof the rent is received
- Not for a home you will live in, and not available to buyers from countries under US sanctions
Business purpose investor loans are for investment property only.
Questions from investors abroad buying in New Jersey
Do you offer foreign national loans in New Jersey?
Yes. Fidelity Residential is a dba of PFN Lending Group, Inc. (NMLS #103098), which holds a New Jersey Residential Mortgage Lender License. You can check it on NMLS Consumer Access (opens in a new tab).
Where are you located?
Our office is at 121 NJ-36, Suite 230, West Long Branch, NJ 07764, and our licensed branch is at 1 Yorktowne Drive, Manalapan, NJ 07726. Call 732-686-9999 to talk with a licensed loan officer.
Do I need US credit?
No. A foreign credit report or bank reference letters can be used, and some programs need neither. If you have US credit, it is reviewed.
Can I refinance a New Jersey rental I already own?
Yes. Owners who live abroad can refinance a rental they hold, including to take cash out.
How long does a foreign national loan take to close?
Often about three to four weeks once the file is complete.
Have a New Jersey property in mind?
Request a quote online, or call and talk the property through with a licensed loan officer.
Business purpose investor loans are for investment property only. This page is general information, not a commitment to lend. Programs, terms and eligibility depend on credit, income, property and underwriting review and are subject to change without notice.
Reviewed by Robert Shamie, CEO, NMLS #241428 · Last reviewed:
Fidelity Residential (PFN Lending Group, Inc., NMLS #103098) is a direct mortgage lender licensed in 40 states and the District of Columbia, with 26 years in business.