Foreign National Mortgages 

Foreign National Mortgages 

Foreign national mortgages are designed for non-us citizens purchasing a primary or vacation residence in the US. These loans use personal income to qualify the client for the mortgage, assuming the property is not rented.

Key Characteristics

  • Designed for non-US citizens purchasing US real estate

  • Does not require US credit history

  • Higher down payment requirements (30-50%)

  • Higher interest rates compared to conventional loans

  • International income accepted

Typical Loan Terms

  • Loan-to-Value (LTV): 50-80%

  • Interest rates: 7-9%

  • Loan terms: 5-30 years

  • No US Social Security number needed

Qualification Criteria

  • Valid foreign passport

  • Proof of income

  • Substantial liquid assets

  • Property intended for investment or vacation use

Property Types

  • Residential properties

  • Second Homes

  • Multi-Family properties

  • Vacation properties

Documentation Requirements

  • Bank statements

  • Personal Income documentation

  • Proof of regular bill payment history 

  • Visa Documentation is optional

Restrictions

  • Limited to non-permanent residents

  • Must have stable international income

  • Property cannot be primary residence

Banks

Nonresiden Investor White Logo

Hard Money Lenders

Interest Rate
6%- 8%
6%-10%
12% and up
Foreign Nationals
Fewer Documents
Varies
Online Digital Closing
Origination Cost
1%-3%
2%
3%- 5%
Days to close
60+ days
‹ 30 Days
Varies