If you are a citizen of another country, we offer creative foreign national loan products to help you purchase property in Florida.
If you’re entering the U.S. real estate market from another country, buying a home can seem even more daunting than it does to local Americans. Navigating a foreign national mortgage process can seem even more daunting. No worries, as a licensed mortgage broker we will help you to navigate through a mortgage process.
Here is a sampling of some of the loan programs we have access to for foreign national borrowers.
Option A: You can fully document your income
- Up to 75% loan-to-value for second homes and investment properties
- Can close in LLCs and corporations
- No U.S. credit required, No SSN or ITIN required
- Minimum loan amount: $150,000
- 3/1 ARM, 5/1 ARM, 7/1 ARM or 30-year fixed; interest-only may be an option
- 6 months reserves required
- Prepayment penalty may be bought down
- Interest rates start in the 4’s
- Origination fees of 2% to 3%
Option B: You can partially document your income
- Up to 75% loan-to-value for second homes and investment properties
- Can close in LLCs and corporations
- No U.S. credit required, No SSN or ITIN required
- Minimum loan amount: $150,000
- 3/1 ARM, 5/1 ARM, 7/1 ARM or 30-year fixed; interest-only may be an option
- 6 months reserves required
- Prepayment penalty may be bought down
- Interest rates start in the 5’s
- Origination fees of 2% to 3%
Option C: You cannot document your income
- Up to 70% loan-to-value for second homes and investment properties
- Can close in LLCs and corporations
- No income verified or stated
- No U.S. credit required, No SSN or ITIN required
- Down payment from foreign banks acceptable
- 3/1 ARM, 5/1 ARM, 7/1 ARM or 30-year fixed; interest-only may be an option
- Prepayment penalty may be bought down
- Interest rates start in the 8’s
- Origination fees of 3% to 4%
For more information on foreign national financing, click here for our guide, “Are you a non-U.S. citizen hoping to purchase or refinance a home in Florida?”
All programs, rates, terms, and conditions are subject to change without notice. Loan approval is dependent on borrower credit, collateral, financial history, program availability, and other factors. Some lenders may not lend to citizens of certain foreign countries due to the perceived risks. These countries may include Afghanistan, Burma, Cuba, Democratic Republic of the Congo, Egypt, Iran, Iraq, Liberia, North Korea, Russia, Somalia, Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe. Finding lenders willing to extend credit to foreign nationals from these countries may be difficult, but it is not impossible. Other restrictions may apply. This is not an offer to lend.
