Foreign National Mortgage Loans
Foreign National Mortgage Loans
Buying property in the United States is possible even if you’re not a U.S. resident or citizen. Foreign national mortgage loans are designed for non-resident investors who want to purchase or refinance real estate in the U.S. without needing a Social Security Number or U.S. credit history.
What Is a Foreign National Loan?
A foreign national loan is a type of non-QM (non-qualified mortgage) loan that allows non-U.S. residents to buy or refinance property in the U.S. These loans are commonly used by international investors, entrepreneurs, and high-net-worth individuals who want to own real estate in the American market.
Who Should Consider a Foreign National Loan?
This loan option is suitable for:
- Non-residents or foreign investors with no U.S. citizenship or green card
- Individuals earning income outside the U.S.
- International buyers looking to purchase second homes or investment properties
- Buyers with limited or no U.S. credit history
Key Benefits of Foreign National Loans
- No U.S. credit history required
- No Social Security Number needed
- Loans available for investment or second homes
- Income and assets can be verified using foreign documents
- Opportunity to invest in U.S. real estate with simplified documentation
Typical Requirements for a Foreign National Loan
- Valid foreign passport and visa (if applicable)
- Proof of income (translated foreign bank statements, employment letter, or accountant letter)
- Down payment of 25%–30% typically required
- Credit references or trade lines from home country
- U.S. property must be non-owner occupied (investment or vacation use)
Note: Loan availability and conditions vary by lender. All applications are subject to underwriting and compliance with applicable laws.
FAQ
A foreign national loan allows non-U.S. citizens without permanent residency to purchase or refinance U.S. real estate using foreign income and documents.
Yes, most programs do not require U.S. credit history and will accept international credit references.
Foreign national loans typically apply to investment properties and second homes. Primary residences are usually not eligible.
While not always required, having a U.S. bank account can make the process smoother and is encouraged by many lenders.
Yes, many foreign national borrowers purchase properties for rental income, which may be used to offset mortgage costs depending on the program.
