Foreign National Mortgage Loans

A Foreign National Mortgage Loan is a type of home loan designed for non-U.S. citizens who want to purchase or invest in real estate in the United States. These loans allow foreign investors, business executives, and non-resident buyers to finance homes without needing a U.S. credit history or Social Security Number (SSN).

Because foreign nationals typically lack U.S. credit and income verification, lenders rely on alternative documentation, larger down payments, and higher interest rates to offset risk.

Who Can Benefit from a Foreign National Mortgage Loan?

✅ Non-U.S. Citizens – Buyers who do not have a U.S. Social Security Number (SSN) or Green Card.
✅ Foreign Real Estate Investors – Those looking to buy rental or vacation properties in the U.S.
✅ International Business Executives – Professionals relocating or investing in U.S. real estate.
✅ Non-Permanent Residents – Individuals with valid visas who want to own property.
✅ Foreign Buyers Without U.S. Credit History – Those unable to qualify for traditional mortgages.

Key Features of Foreign National Mortgage Loans

✔ No U.S. Credit History Required – Lenders may use foreign credit reports or alternative verification.
✔ Available for Investment & Vacation Homes – Many foreign nationals buy property for rental income or as a second home.
✔ Higher Down Payment Requirements – Typically 25-40% due to increased lender risk.
✔ Loan Amounts from $100,000 to $5+ Million – Based on property value and borrower financials.
✔ Fixed & Adjustable-Rate Mortgages (ARM) – Various term options available.
✔ Alternative Income Verification – Bank statements, international tax returns, or proof of assets may be accepted.
✔ No Need for a Social Security Number (SSN) – Borrowers can use a passport or ITIN.

Typical Requirements for a Foreign National Mortgage Loan

📌 Valid Foreign Passport & U.S. Visa (if applicable) – Proof of identity and legal entry.
📌 Foreign Bank Statements (12-24 Months) – To verify income and financial stability.
📌 International Credit Report or Letter from Foreign Bank – To establish creditworthiness.
📌 Proof of Assets & Reserves – Typically 6-12 months of mortgage payments in savings.
📌 Down Payment of 25-40% – Varies by lender and loan type.
📌 Property Appraisal – Determines market value of the home.