What is a foreign national loan?
A foreign national loan is a mortgage for buyers who aren't U.S. citizens or permanent residents and don't live in the U.S. Instead of a U.S. credit score, lenders look at your down payment, verified assets, international references and, for rental properties, the property's income.
Foreign national loan highlights
- No U.S. credit required: international credit or bank references can be used instead.
- No Social Security number needed.
- Second homes and investment properties: including condos, single-family homes and vacation-rental communities.
- Down payment: commonly 25% to 40%, depending on the program and property.
- LLC vesting: some programs allow you to take title in a U.S. entity.
- Remote closing options may be available, depending on the title company and program.
Why international buyers choose Central Florida
Orlando is one of the most visited cities in the world. Areas like Kissimmee, Davenport, ChampionsGate and Reunion are popular with international buyers who want a family vacation home that can also bring in rental income when they're not using it.
What you'll typically need
- Valid passport (and visa, where applicable)
- Recent bank statements showing funds for the down payment, closing costs and reserves
- International credit report or bank reference letters
- Proof of your home-country address
- A U.S. bank account may be required for payments on some programs
How I help international buyers
International files involve currency transfers, foreign documents and extra paperwork. My forensic background helps here: I trace the source of your funds, check document requirements early and organize your file so it's ready for underwriting, which prevents the last-minute surprises that delay closings.
Foreign national loan FAQs
Can a foreign national get a mortgage in Florida?
Yes. Foreign national programs let non-U.S. residents finance a second home or investment property in Florida without a U.S. credit score or Social Security number.
How much down payment does a foreign national need?
Down payments commonly range from about 25% to 40% of the purchase price, depending on the program, the property type and your documentation.
What documents does a foreign national need to buy a home in the U.S.?
Usually a valid passport, a visa or proof of legal entry where applicable, international bank statements, proof of funds for the down payment and reserves, and credit or bank reference letters. Some documents may need to be translated.
Can I rent out a Florida vacation home bought with a foreign national loan?
Many programs allow second homes and investment properties, including vacation-rental areas near Orlando. Short-term rental rules depend on the program, the property and local HOA and zoning rules. Also see DSCR loans.
Foreign national programs vary by investor and change over time. Down payment, reserve and documentation requirements depend on the program and the borrower's country of residence. All loans are subject to credit approval and underwriting. This is not a commitment to lend. Consult a tax professional about U.S. tax obligations for foreign owners.