A Friendly Guide to Buying a House in the U.S. with a Foreign National Loan

Dreaming of owning a home in the United States, but feeling overwhelmed by the process as a non-citizen? You’re not alone! The good news is, you don’t need to be a U.S. citizen or permanent resident to buy property here. Thanks to Foreign National Loans, international buyers have a path to homeownership—no green card required.

What Is a Foreign National Loan?

Think of a Foreign National Loan as a bridge connecting your dream home in the U.S. to your current life abroad. These loans are specially designed for non-U.S. citizens who want to purchase property stateside, whether for investment, vacation, or as a future residence.

Who Can Qualify?

• Non-U.S. citizens who don’t have a green card or Social Security number
• Individuals with valid passports and proof of income
• Buyers who can make a sizable down payment (usually 20-30%)

Each lender may have slightly different requirements, but these are the basics. Lenders want to see that you have the means and motivation to pay back your loan—even if you’re living thousands of miles away.

How Does the Process Work?

It’s not so different from what U.S. buyers experience, but there are some extra steps:

• Find a lender: Look for banks or mortgage brokers who offer Foreign National Loans. Not every lender does, so it pays to shop around.
• Gather documents: Be ready with your passport, visa (if applicable), proof of income, bank statements, and international credit references.
• Down payment: Most lenders require a larger down payment from foreign buyers, typically 20-30% of the purchase price.
• Property selection: Once you’re pre-approved, you can start house hunting with confidence!

Tips for a Smooth Journey 🗺️

• Work with experts: A real estate agent and mortgage broker experienced with international buyers can make all the difference.
• Understand the costs: Besides the down payment, budget for closing costs, property taxes, and ongoing maintenance.
• Plan for the future: Think about whether you’ll use the home as a vacation spot, rental property, or future residence.

Why Choose a Foreign National Loan?

These loans open doors for global buyers who want a slice of the American dream. They’re flexible, accessible, and tailored for international circumstances. Whether you’re investing in a Miami condo, a New York penthouse, or a cozy California retreat, a Foreign National Loan can help make it happen.

Ready to take the first step? With the right team and a clear plan, buying a home in the U.S. is closer than you think—no citizenship required!