About Foreign National Loans
Foreign National Loans are designed for non-U.S. citizens looking to purchase property in the U.S. These loans typically require a higher down payment and proof of international creditworthiness but offer a pathway for foreign buyers to invest in real estate.
Key Points
Minimum down payment: 20-30%
No U.S. credit score required (alternative credit documentation accepted)
Income verification: Foreign bank statements or employment letters
Loan limits: Varies by lender
Typically requires a U.S.-based bank account
Steps to a Successful Foreign National Loan
Verify Your Eligibility – Most lenders require a valid passport, visa, or foreign national status.
Prepare Your Finances – Expect to provide 20-30% down payment and proof of funds.
Gather Required Documents – Alternative credit documentation like international bank statements or employer letters may be needed.
Open a U.S. Bank Account – Many lenders require a U.S.-based bank account for transactions.
Get Pre-Qualified – Work with a lender who specializes in Foreign National Loans.
Find Your Property & Make an Offer – Ensure the home qualifies for financing under your lender’s requirements.
Submit Your Loan Application – Provide financial statements, tax records (if applicable), and employment verification.
Finalize and Close on Your Loan – Sign the necessary paperwork, fund the transaction, and receive ownership.