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Alt "A" Mortgages
Foreign National Mortgages
Other Products

Sierra defines an Alt “A” loan as a high credit, low loan-to-value mortgage (generally less than 80%) that does not qualify for Government-Sponsored Enterprises (GSEs) underwriting (ie Fannie Mae / Freddie Mac).

There are numerous factors that might cause a mortgage not to qualify under the GSEs' traditional lending guidelines even though the borrower's creditworthiness is generally strong. A few of the more important factors are:

- Alternative borrower income documentation is utilized (for example, 24 months bank statements as income for self employed borrowers)

- Borrower’s employment history may be slightly less than GSE guidelines

- Borrower debt-to-income ratios may slightly exceed GSE guidelines (no greater than 43%)

- Credit history with minor problems - but not so many as to be considered “subprime” (for example, lower FICO score or minor delinquencies, but no recent past dues, charge-offs or bankruptcy)

- Property or occupancy characteristics may not meet GSE guidelines

- The loan size may exceed the GSE guidelines.

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Alt "A" Mortgages

A Foreign National is citizen of another country who periodically visits the United States and is purchasing a property in which to reside during these visits. 

These borrowers primarily have income, employment, credit, and residency in a country other than the US.  In addition, they may have a certain class of work or tourist visa other than the B-1/B-2 visitor visa.

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Foreign National Mortgages


We at Sierra Lending Gorup have a variety of mortgage products taylored to satisfy our clientele needs. Some of them are:

  • - Jumbo Loans (No Maximum Loan Size)

  • - Home Improvement / Renovation / Pool Loans (1st Lien)

  • - Loans to borrowers with work VISAs

  • - ITIN Loans

  • - Loans to US citizens who work abroad and earn income overseas

  • - Owner-Occupied Commercial RE Loans

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Other Products