The Client
Our client is a clinical research director at a top university in Singapore for the past 12 years, and his kids are all studying in the U.S. Being abroad for an extended period of time, he no longer had any credit history in the U.S. or FICO score.
How We Helped
He no longer had any credit history in the U.S. or FICO score. Although he tried with several local and international banks, he was unable to get a loan due to the lack of credit. As we see similar situations often, we knew what loan program would work best for our client. He was able to get a great loan and begin to reestablish his U.S. credit again. Something vital to him when he retires back in New York.
Loan Details
| Nationality | Property Value | Loan Amount | LTV | Rate |
| U.S. Citizen | $3,400,000 | $1,870,000 | 55% | 5.125% |
| Term | State | Property Type | Purpose | Loan Type |
| 5/1 ARM | New York City, New York | Apartment | Purchase | Residential |
