Foreign National Loan Explained
A Foreign National Loan is a mortgage program for non‑U.S. citizens who live abroad and want to purchase investment property in the United States. These loans do not require a Social Security number, U.S. credit, or U.S. residency.
How Foreign National Loans Work
Lenders qualify borrowers using foreign credit, international income documents, or bank statements. Borrowers typically make a larger down payment, and the property must be for investment use.
Who Foreign National Loans Are For
- Non‑U.S. citizens living abroad
- International investors buying U.S. real estate
- Borrowers without a Social Security number
- Buyers without U.S. credit history
- Investors wanting rental income properties
What Lenders Look At
- Passport or foreign ID
- Visa (if applicable)
- Foreign credit report or bank references
- International income documents
- Down payment and reserves
- Property type and rental potential
Basic Requirements
- Valid foreign passport
- 20%–30% down payment
- Foreign credit or bank reference letter
- Proof of income or assets
- Investment property only
- Reserves required (varies by lender)
Income & Documentation
- Foreign tax returns
- Foreign bank statements
- CPA or accountant income letters
- Asset verification
- Rental income may be used (program-specific)
Property Types Allowed
- Single‑family homes
- Condos and townhomes
- 2–4 unit investment properties
- Non‑warrantable condos (varies by lender)
Benefits
- No Social Security number required
- No U.S. credit history required
- Ideal for international investors
- Flexible documentation
- Access to U.S. real estate market
Next Steps
If you’re an international buyer wanting to invest in U.S. real estate, a Foreign National Loan may be the best option. Gather your foreign income documents, bank statements, and identification before applying.
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