Foreign National Loan

Overview

Foreign national loans are for buyers who are neither U.S. citizens nor permanent residents. They're commonly used for investment properties, vacation homes, and luxury second homes. Because the borrower's credit history may live outside the U.S., underwriting relies more heavily on assets, reserves, and the property itself.

Down payments are typically larger than for domestic borrowers (often 25-40%), and rates are higher than conforming loans. Lenders specializing in foreign national financing have streamlined processes for international document gathering, offshore account verification, and entity-vested closings.

Who it's for

Non-U.S. citizens buying U.S. residential or investment property
International investors building U.S. portfolios
Buyers of luxury second homes
Foreign nationals using LLCs or trusts for ownership

What's typically reviewed

Valid foreign passport and visa where applicable
Down payment (typically 25-40%+)
Verified assets and reserves (often offshore accounts)
Credit reference letters from foreign banks (in lieu of U.S. credit)
Sometimes a U.S. bank account for closing and payments

This is a general description, not a guarantee of approval. Specific requirements vary by lender and program. Final qualification is determined during underwriting.

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