Foreign National Loans
Financing options for eligible non-U.S. citizens who reside primarily outside the United States.
What is a foreign national loan?
A foreign national loan provides financing for eligible non-U.S. citizens who live primarily outside the United States and want to buy or refinance U.S. real estate. Programs are commonly designed for second homes and investment properties. Identification, lawful entry and visa documentation requirements depend on the lender.
What it may offer
- Qualification using foreign income and assets.
- Options for borrowers without an established U.S. credit history; some lenders review foreign credit or other financial records.
- Rental-property programs that may qualify using the property’s income.
Why would someone use it?
A borrower living in Mexico, for example, may want a vacation home or rental property in the United States. They may have sufficient income and savings abroad but need a lender that accepts their foreign documentation.
These loans typically require a larger down payment and may carry higher rates than traditional mortgages. Identification, visa, credit, and documentation requirements vary by lender.
