Buying property in Florida as a foreign national is an exciting opportunity — whether for vacation, investment, or relocation. While many international buyers opt to pay in cash, financing is absolutely possible for non-U.S. residents. Here’s what you need to know if you’re considering a mortgage to purchase your dream home in Florida.
💡 Can Foreign Nationals Get a Mortgage in the U.S.?
Yes, foreign nationals can secure mortgages in the U.S., including in Florida. However, the requirements and terms are different from those for U.S. citizens or permanent residents. Some U.S. banks and private lenders specialize in financing for international buyers, offering custom solutions.
🏦 What Do Banks Require from Foreign Buyers?
If you’re seeking a mortgage as a non-resident, here are typical requirements:
- 30% to 50% down payment
Most lenders require a significant down payment, typically around 40%, to offset the higher risk. - Proof of income and assets
You’ll need to provide documentation like bank statements, tax returns from your home country, and possibly an accountant’s letter verifying income. - A U.S. bank account
Opening a U.S. account helps with money transfers, mortgage payments, and loan approval. - Valid passport or visa
Your identification and immigration status will need to be verified. - Credit reference
Although you may not have a U.S. credit score, international credit reports or letters from foreign banks may help.
📌 Types of Loans Available for Foreign Nationals
- Portfolio Loans
Offered by lenders who hold the loans in-house and don’t sell them to secondary markets. These loans have flexible criteria but may have higher rates. - Foreign National Loans
Specifically tailored for international buyers, with more flexible documentation standards. - Private Lending
Some buyers work with private lenders or investment funds, especially for high-end properties.
🤝 Tips for a Smooth Financing Experience
✅ Work with lenders who specialize in foreign national loans.
They understand international clients and often offer better terms and faster approvals.
✅ Partner with a real estate agent experienced with international clients.
At Dream Estates Realty Group, we regularly assist foreign buyers through every step of the process — including financing guidance.
✅ Start the process early.
Loan approvals can take longer for foreign nationals, so planning ahead is key.
🌎 Why International Buyers Love Florida
- No state income tax
- Favorable rental returns
- Safe and profitable long-term investment
- Residency pathways for some buyers
- Easy access via major international airports
🏁 Final Thoughts
Financing a property in Florida as a foreign national is entirely possible — and often smarter than tying up all your capital in a cash purchase. With the right guidance and trusted partners, you can find the right mortgage and unlock your piece of the Florida dream.
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