Florida Foreign National Mortgage Programs

We want to make homeownership a reality for everyone. That’s why we offer guidance on foreign national mortgage programs in Florida that help Foreign Nationals secure the financing they need.

Our specialized Florida foreign mortgage loan options cater to the unique needs of Foreign Nationals, ensuring a seamless homebuying experience and increasing access to high-demand real estate markets in Florida and beyond. Learn more below, and contact Alex Doce at The Doce Mortgage Group today for a free quote

Key Points

Diverse mortgage solutions accommodate the varied circumstances of foreign nationals and non-residents/citizens and make it easier to invest in U.S. property.

We provide international clients with expert guidance from application to closing, simplifying the mortgage journey and acting as an on-demand resource for questions or concerns.

A foreign national mortgage in Florida comes with attractive loan features that meet the specific financial needs of each borrower category.

Foreign National Lending

Highlights of a Foreign National Mortgage Loan

What is a Foreign Mortgage Loan?

Foreign mortgage loans are a type of non-qualified mortgage (non-QM) tailored specifically to the needs of foreign nationals living overseas. These loans cater to those looking to purchase a house for investment purposes or a vacation home, and are accessible to those without a Social Security number or green card. A credit report or credit scores are not required.

Eligibility and Property Types

To qualify for a foreign national loan, interested buyers must show proof they are legally allowed to visit the U.S. This can be done with a passport, a valid non-work U.S. visa, or a visa waiver. Also required is proof of consistent income and employment, and sufficient liquid reserves. This can be done via an accountant letter from their country of residence. We also have programs where income verification is not required.

The down payment on a foreign national mortgage loan is generally between 25% to 35% of the property’s purchase price.

These loans enable the purchase of various types of residential properties, including single-family homes, condos, townhouses, as long as they meet guideline requirements.

Rising Trend: Foreign Investment in Florida Real Estate

Florida is the top destination in the country for international buyers, home to 20% of the $42 billion worth of U.S. residential properties purchased by foreign nationals in 2024.
Foreign buyers have long looked to Florida for stateside real estate purchases. This has to do with its ideal climate and picturesque beaches, as well as investment perks like high rental yields and a lack of state income tax.

So, how do they do it? From Jacksonville to Naples to Miami, a foreign national mortgage provides flexible financing for international buyers and a way to invest in Florida’s booming marketplace without depending solely on cash. This makes foreign national loans a vital tool in the Florida real estate market, contributing to its continued growth and diversity and opening the door to a wide range of qualified international investors.

Alex Doce: Top Foreign National Mortgage Broker in Florida

Alex Doce of The Doce Mortgage Group is the reliable and efficient mortgage advisor you need to secure a foreign national loan. Explore various lending services for foreign nationals, including Light Documentation loans, Debt Service Coverage Ratio (DSCR) loans, and interest-only loans, and get expert guidance as you navigate home buying as a foreign national..

The Doce Mortgage Group foreign national loan options are tailored to meet the specific financial needs of each borrower. Key benefits include loans of up to $10,000,000 to be used toward second homes and/or investment properties, plus flexible requirements for those without a U.S. Social Security number, credit score, or green card.

Unlock the Door to U.S. Property Ownership

Foreign national mortgage programs offer a valuable opportunity for foreign nationals investing in U.S. real estate, though they can be challenging to navigate. Work with Alex Doce to streamline your application process and ensure a stress-free process, with dedicated support for all who wish to put down roots in Florida. Get in touch to learn more!

Frequently Asked Questions (FAQs)

Can a foreigner get a mortgage in Florida?

Yes. foreign nationals can apply for a mortgage through lending programs designed specifically for qualifying international buyers. These loans do not require a U.S. credit score, social security number, or green card, though proof of sufficient funds must be provided. There are several different types of foreign mortgage options depending on the program, with flexible options that include interest-only payments. Note that down payments for foreign lending programs in the U.S. are generally around 25% to 35% of the property’s purchase price.

Who is eligible for a foreign national loan?

Eligibility for foreign national loans varies by program, though typically an individual must primarily live and work overseas in order to qualify. In addition, borrowers must be a non-U.S. citizen or resident, though many programs do require a valid passport and/or U.S. visitor’s visa.

What types of properties can I purchase with these loans?

It depends on the loan. Many foreign mortgage programs offer loans that can be used toward single family homes, townhouses, condos as vacation homes, or investment properties.

Are there different loan limits for each foreign lending program?

Yes. The specific loan limit for a foreign mortgage is based on the mortgage program and a borrower’s qualifications, with ranges of anywhere from $200,000 to $10,000,000.

What documentation is required for a foreign national loan?

Applicants usually must show a valid foreign passport and U.S. visitor’s visa, as well as income verification and proof of assets. While a U.S. credit report or FICO score is not required, some borrowers should also plan to supply an international credit report or credit references, such as reference letters from foreign banks.

Are there any specific restrictions on the countries of origin for borrowers?

Yes, individuals from OFAC-sanctioned countries may not qualify for foreign national loans. While this list is fluid and is subject to change, countries on this list presently include: Afghanistan, Russia, Sudan, Ukraine, Venezuela, North Korea, Syria, Cuba, and Iran, among others.