Foreign National Loans for Florida Buyers and Investors
Foreign national loans are designed for non-U.S. citizens who want to purchase or refinance property in Florida but do not live in the United States full-time or do not have U.S. income or credit.
These programs are commonly used for Florida vacation homes, second homes, and investment properties by international buyers.
What Is a Foreign National Mortgage Loan?
A foreign national mortgage loan is a non-QM financing option that allows non-U.S. citizens to qualify using alternative documentation instead of U.S. tax returns, Social Security numbers, or domestic credit history.
Qualification is typically based on foreign income, foreign assets, or property cash flow, depending on the loan structure and purpose.
Who Foreign National Loans Are Best For
Foreign national loans are often a strong fit for:
Non-U.S. citizens purchasing property in Florida
International buyers seeking vacation or second homes
Foreign investors purchasing U.S. real estate
Borrowers without U.S. credit history
Buyers with income or assets sourced outside the U.S.
These loans are not intended for U.S. primary residence use.
Down Payment Options and Mortgage Insurance
Foreign national loans generally require larger down payments than traditional U.S. mortgage programs. Down payment requirements vary depending on property type, borrower profile, and loan purpose.
Mortgage insurance is typically not required, which simplifies monthly payments and long-term planning.
Stronger liquidity and documentation may result in more favorable loan terms.
Credit, Income, and Qualification Guidelines
Foreign national loan qualification focuses on documentation and overall borrower strength rather than U.S. residency.
Credit: Some programs accept international credit references or alternative documentation
Income: Foreign income or asset documentation may be used
Documentation: Passport, visa, and foreign financial records are commonly required
Program guidelines vary widely, making proper structuring essential.
Foreign National Loans for Purchase and Refinance
Foreign national loans may be used for:
Property purchases
Rate and term refinances
Cash-out refinances (subject to program guidelines)
Eligible property types typically include second homes and investment properties, depending on the lender and loan structure.
Seller Concessions
Seller concessions may be allowed on foreign national purchase transactions, depending on program limits and market conditions. When permitted, concessions can help offset closing costs and prepaid expenses.
Limits vary based on property type and loan structure.
How Foreign National Loans Compare to Other Programs
Foreign national loans are often compared to:
ITIN mortgage loans
DSCR investment loans
Conventional loans requiring U.S. credit
Bank statement or P&L loans
Each option serves a different borrower profile, and selecting the correct program depends on residency status and documentation.
Talk With a Florida Mortgage Professional
Foreign national loans require careful coordination to ensure documentation, property use, and program guidelines align properly.
Speaking with a Florida mortgage professional helps determine eligibility, required documentation, and the most efficient financing strategy.