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Foreign nationals—non-US citizens without permanent residency—can qualify for specialty mortgages with certain lenders. These programs allow international buyers to purchase US real estate without a Social Security number or US credit history.

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Who Qualifies

For mortgage purposes, a foreign national is someone who is not a US citizen and does not hold a green card or valid work visa. Visa holders and green card holders typically qualify under standard self-employed mortgage programs instead.

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Typical Requirements

RequirementCommon Guidelines
Down payment25-30% minimum
Maximum LTV65-75%
Reserves12-24 months PITIA
Loan amounts$100,000 to $3-5 million
Requirements are stricter than standard programs due to additional risk factors.

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Documentation

  • Valid passport from country of origin
  • Foreign tax ID number
  • 12-24 months of bank statements (foreign or US accounts)
  • International credit report or alternative credit references
  • Employment or business verification

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Additional Considerations

Higher rates — Expect rates 0.5-1.5% higher than standard programs. Property types — Most programs allow second homes and investment properties. Primary residence options are less common. US bank account — Required for mortgage payments, must be established before closing. FIRPTA — Foreign Investment in Real Property Tax Act requires withholding on future property sales. Consult an international tax advisor before purchasing.