Foreign National

A Guide to Foreign National Loans

Foreign national loans offer non-U.S. citizens the opportunity to purchase real estate in the United States. These specialized mortgage options are designed to accommodate the unique financial situations of international buyers, providing a pathway to homeownership in the U.S. without the need for U.S. credit history or residency.

Prospective buyers should be prepared for thorough financial scrutiny and potentially higher costs. Despite these challenges, foreign national loans remain a valuable tool for international buyers aiming to own property in the U.S.

No U.S. Credit History Required

Applicants don't need a U.S. credit history to qualify, making these loans accessible for international buyers.

Proof of Income and Assets

Borrowers must provide proof of income and assets, often requiring more documentation compared to traditional loans, to prove their ability to repay the loan.

Higher Down Payment

Due to the increased risk perceived by lenders, foreign national loans often require a larger down payment, typically 20-30% of the purchase price.

Interest Rates and Fees

While competitive, interest rates and fees for foreign national loans may be higher than those for standard mortgages, reflecting the increased risk to lenders.

Foreign national loans are tailored for non-U.S. citizens looking to invest in U.S. real estate, offering a solution for those who may not qualify for traditional financing due to lack of U.S. credit history or residency status. Qualification criteria include proof of income, a valid visa, and a substantial down payment. These loans are ideal for purchasing vacation homes, investment properties, or a primary residence in the U.S.