Foreign Nationals

 

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We know that moving to the U.S. can be quite a challenge for Foreign Nationals.

Often, the promise of an easy path to owning a home is a big draw for Foreign Nationals. Unfortunately not teaming up with a lender who specializes in assisting Foreign Nationals purchase in the U.S. can make things tricky, such as creating a credit report, dealing with limited mortgage choices that demand hefty down payments, and facing delays in the underwriting process. Plus, differences in language and time zones can make communication tough. But don't worry—Premia is here with a well-thought-out plan and a deep understanding to help ease the process for your Foreign Nationals. We’re committed to helping your employees clear these obstacles by supporting them every step of the way. Keep reading to discover how we can assist your Foreign Nationals.

 

key partnership

advantages

Customer Care

With over 37 years of experience assisting Foreign Nationals, Premia is dedicated to supporting your employees throughout their mortgage journey. We offer assistance in multiple languages and adapt to even the busiest schedules and time zones, making sure every unique need is met. Our proactive approach means we reach out before your employees decide to relocate, guiding them through the U.S. home-buying process to determine if purchasing a new home is an immediate priority—allowing us to initiate the non-traditional credit report process swiftly—or if it's a consideration for the future. This streamlined approach often results in closing in under 30 days!

Education & Resources

Guidance and education on the U.S. mortgage and real estate markets featuring comprehensive details on mortgage types, interest rates, loan application procedures, home buying strategies, market trends, and financial planning for prospective homeowners. A variety of resources, such as our documentation checklist, are accessible in multiple languages - click to view samples in Chinese and Spanish.

Full Range of Products with 5% Down

We proudly offer a full range of mortgage products for foreign nationals, with down payments as low as 5%. We believe everyone deserves a chance to settle into their dream home without the heavy burden of a 25% or more down payment that other lenders often require.

Establishing U.S. Credit

If your Foreign National isn't ready to purchase a new home now, no problem. Premia will collaborate closely with our trusted partner, leveraging their extensive expertise and resources, to assist in building a robust and reliable U.S. credit history. Whether the home buying process is immediate or planned for the future, Premia will support them throughout every stage.

Attracting Talent

Use Premia to attract top international talent by making it easier for them to purchase a home in the U.S. We offer pre-decision consultations for your employees considering relocation and comprehensive support for your recruitment team, including training sessions and a wealth of resources that you can share with your prospective employees to help them transition smoothly into their new roles and lives. For more insights, read Recruiting Foreign Nationals Using the Appeal of Homeownership.

Achieving Diversity, Equity, & Inclusion

Enhance your connection with employees from diverse backgrounds by prioritizing homeownership opportunities for Foreign Nationals. According to recent data, about 65% of Americans own their homes, highlighting the stability and financial growth that homeownership can provide. Additionally, owning a home can create a sense of community and belonging, fostering greater engagement and satisfaction among employees.

buying a home 

Now or Later

Now

Creating a Mortgage Credit Report

Premia focuses on establishing credit for Foreign Nationals by leveraging innovative credit-building strategies tailored to individuals with limited or no credit history in their new country. By utilizing alternative data points such as rental payments, utility bills, and international credit histories, Premia provides a comprehensive assessment of creditworthiness. This approach helps Foreign Nationals access financial products that are typically reliant on traditional credit scores. Additionally, Premia offers personalized financial education and support to help clients understand and improve their credit standing over time, ultimately facilitating their financial integration and stability in their new environment.

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Later

Establishing U.S. Credit

At Premia, we understand that purchasing a home is a significant decision, especially for non-U.S. employees. If an employee is not quite ready to take that step, we are still here to support them. Through our exclusive partnership with Eagle Bank, we offer a range of financial assistance options tailored to meet their unique needs. Whether it's assistance with rental deposits, establishing a U.S. bank account, applying for a U.S. credit card, or other financial matters, our collaboration with Eagle Bank ensures they have access to the resources and support necessary to make your transition as smooth as possible.

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Partner with Premia

Allow us to support your Foreign Nationals. Provide your details HERE and we'll be in touch.

 

 

our happy homeowners 

Foreign National Testimonials

We cannot express enough our appreciation and gratitude towards Jeff and Jon. They were both very understanding, worked with us for our specific situation, and went beyond their duties to explain different aspects of the process given that we just came to the US six months ago. They always responded in a timely manner and the information they provided was useful and to the point. They were also very transparent about all the procedures and possible options. They accommodated all our requests even if those were not the typical norms /preferences for the local consumers. We are very happy with them, we would like to work with them in the future, and we would highly recommend them to other people.
It is my first time living in the US and buying a house. Dan & Susan made this process really seamless for me and they were very supportive all along the way. They provided very clear explanations on how the process worked and all the documentation and why they needed the documentation they were requesting. Overall, I am truly satisfied and have recommended Premia to people I know are in the same condition of coming from another country to live in the US and want to see about financing.
Paul periodically checked my status of relocation and see if there is anything he can help me with. And gave advice/comments on what I needed to be prepare. Charlie also helped me with various of necessary documents I need to prepare and explain in detail what kind of information must be stated in the document. I'm lucky to meet both Paul and Charlie.
I want to comment that my experience was excellent. My Client Loan Specialist Susan Retzsch and my Mortgage Consultant, Tom, established close communication and guided me through the process, and helped me have the information I needed for a successful process. The sense of urgency and the willingness to help Susan was spectacular. Also, the timeliness of the answers from Tom was key, especially for me coming from another country. Thank you, Premia.