Questions investors ask
Can a foreigner get a mortgage in the U.S.?
Yes. Several lenders offer foreign national loans that don’t require a U.S. credit history or Social Security number. Expect a larger down payment and a somewhat higher rate than U.S. residents receive.
How much down payment is typical?
Foreign national loans commonly require 25% to 40% down, depending on the lender, property type and your documentation. Condos can carry extra requirements related to the building.
What is a DSCR loan?
A debt-service coverage ratio loan qualifies the property, not your personal income: the expected rent must cover the mortgage payment and costs by a set ratio. Some lenders offer DSCR loans to foreign nationals.
What documents will a lender ask for?
Usually a passport, visa or entry history if applicable, bank statements showing the down payment and reserves (often 6–12 months of payments), proof of income in your home country, and sometimes a reference letter from your bank.
Is paying cash better?
Cash closes faster and avoids lender requirements, which is why 61% of Florida’s international buyers paid cash in the latest Florida Realtors survey. Financing can still improve your return and keep money diversified.
How do pre-construction payment plans work?
Developers typically take deposits in stages during construction, often 20% to 50% of the price before completion, with the balance at closing. Terms vary by project and deposits are held under Florida escrow rules.
Loan terms change often and vary by lender. Irina can introduce lenders who work with foreign nationals; compare offers before you commit.
Not financial advice. This article is general information, not legal, tax or immigration advice. Tax rules, treaties and exchange rates change. Before you buy, talk to a cross-border tax advisor and a lawyer licensed in the relevant countries. Irina Manets is a licensed real estate sales associate with CENTURY 21 Stein Posner and does not provide tax or legal advice.