Foreign National Loan Florida — No SSN, No U.S. Credit

Your Answer Right Here

Foreign National Loan Florida: Direct Answer

A Foreign National Loan Florida program is built for buyers who are not U.S. citizens and do not hold a green card, so the usual paperwork — a Social Security number, a FICO score, W-2s — simply does not apply. Instead, these programs verify who you are through your passport and visa (or proof of legal entry), verify your down payment came from a real, traceable source, and qualify you one of two ways: on the rent the property itself brings in, under a DSCR structure, or on alt-doc income. On the alt-doc side, your employer completes a written verification of employment, or a licensed tax preparer prepares a profit-and-loss statement. Down payments generally run 25% to 35%, no U.S. credit score is required on either program, and reserves run from three months on alt-doc to twelve on DSCR. A DSCR file also needs two years of housing history, with no rent or mortgage payment 30 days late in the last twelve. Call 888.958.5382 or apply free and we will tell you which foreign national path fits your situation.

Side-by-Side Comparison

Foreign National Loan Programs in Florida, Compared

There is more than one way to finance a Florida property as a non-U.S. citizen. Here is how the main foreign national loan structures compare.

A Florida condo caps at 50% down on DSCR whatever your score. Non-warrantable condos are not eligible on either program.

How the Process Works

How a Foreign National Loan Works in Florida

Every foreign national loan starts with the same question: how do we prove you are who you say you are, and how do we prove the down payment is really yours? A valid passport and evidence of legal entry into the U.S. — a tourist visa, business visa, or visa waiver — establishes identity. From there, the file splits into two lanes. If you are buying an investment property, the DSCR lane looks almost entirely at the property: does the market rent cover the mortgage, taxes, insurance, and any association dues? If you are buying a second home, the alt-doc lane looks at your own income instead: a written verification of employment from your employer, or a profit-and-loss statement from a licensed tax preparer.

Sourcing the Down Payment

This is where most foreign national files slow down, so it is worth doing right the first time. Funds need to land in a U.S. bank account and season there before closing, and every large deposit needs a paper trail back to where it came from — a property sale abroad, a business distribution, or long-term savings. Wire transfers from a foreign account are common and acceptable, but they need supporting documentation, and sometimes certified translation, so the underwriter can see the money is legitimate.

Choosing the Right Program and Closing

Once identity, income path, and down payment source are confirmed, we match your file to a foreign national wholesale program that fits your visa status and goals, then lock your rate. Foreign national files run a little slower than a standard domestic loan since international documents often need translation, but most still close in 30 to 45 days. If you cannot be in Florida on closing day, many closings can be handled through power of attorney or remote online notarization.

What to Expect

Rates, Costs, and Realistic Expectations for Florida Foreign National Loans

Because the lender takes on more documentation risk than a conventional loan offers, foreign national rates run higher, and closing costs can run slightly above a typical Florida purchase once translation, wire, and title work are factored in. In exchange, you get access to financing at all — without a foreign national program, most non-citizens without a green card would need to pay all cash. A down payment above the program minimum usually earns a better rate, and strong reserves can reach pricing a thin file will not see.

Properties can typically be titled in your personal name, in a U.S. LLC, or in a trust, which is worth discussing with your own attorney beforehand. Foreign national loans cover second homes, vacation homes and investment properties. A primary residence is not available on either one.