Non-U.S. residents can get a U.S. mortgage without a Social Security number, U.S. credit history, or U.S. tax returns. Most foreign national loans qualify the property on its rent, like a DSCR loan, and ask you to document your identity and funds instead.
Foreign National Loan Requirements
| Guideline | Typical | Strongest files, at some lenders |
|---|---|---|
| U.S. credit | Not required | A U.S. score, if you have one, can improve terms |
| Max LTV, purchase | 65–70% | Up to 75% |
| Max LTV, cash-out | 60–65% | Up to 65% |
| Qualifying | DSCR, usually 1.00x | Lower ratios at some lenders |
| Reserves | 12 months | 6 months at some; foreign accounts allowed by some |
| Loan size | Up to about $1.5–2 million | Up to about $3 million |
| Property | Investment | Second homes at some lenders |
Step by Step
- Talk to a loan officer first, before you make an offer, to confirm the property type and your down payment.
- Open a U.S. bank account and move your down payment and reserves into it early. Lenders want funds seasoned and traceable.
- Decide how you'll own it: in your name or in a U.S. LLC. Get legal and tax advice on both.
- Make an offer with a lender letter.
- Appraisal and underwriting: the lender confirms the value and market rent.
- Close in person, at a U.S. embassy or consulate, or by power of attorney where allowed.
Documents You'll Need
- Passport, and a visa if you have one
- Bank statements, often translated and converted to U.S. dollars
- International credit report or bank reference letters, depending on the lender
- Proof of your home address abroad
- LLC documents and an EIN if you buy through a company
Common Pitfalls
- Moving money late: international wires can take days and need documentation. Start early.
- Unsourced funds: lenders need to see where the money came from.
- Visa type: some lenders treat certain U.S. visa holders under different programs.
- Remote signing: embassy appointments can take weeks to book.
Taxes to Plan For
Rental income from U.S. property is generally subject to U.S. tax, and when a foreign owner sells, the buyer usually must withhold a portion of the sale price under FIRPTA. Your home country may tax the income as well. A cross-border tax advisor is worth it.
Foreign National Mortgage FAQ
Can a foreign national get a mortgage in the U.S.?
Yes. Foreign national loans are designed for non-U.S. residents buying U.S. investment property, and many don't require U.S. credit or tax returns.
How much down payment do foreign nationals need?
Usually 25–30% on a purchase, with some lenders allowing 25% for strong files, and more on a cash-out refinance.
Do I need a U.S. bank account?
Usually yes, by closing. Many lenders want the down payment and reserves in a U.S. institution.
Can I buy a vacation home I'll use myself?
Some lenders offer second-home foreign national loans, with different requirements than investment loans.
In the financial industry since 2015. Licensed loan officer in Los Angeles, California. NMLS #1493724, with UTM Financial, LLC (NMLS #2591548). More about Ivan
This article is general education, not financial, tax, or legal advice. Loan guidelines vary by lender and change often. Not a commitment to lend.