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Torres & Co. Lending > Non-QM Loan Solutions > Préstamos para extranjeros

Préstamos para extranjeros

Foreign National Loans

A Foreign National Loan is a Non-QM mortgage program designed for non-U.S. citizens who wish to purchase or refinance property in the United States but do not have U.S. residency, a Social Security Number, or established U.S. credit. These programs are tailored for international buyers investing in the U.S. real estate market.

What Is a Foreign National Loan?

Foreign National Loans allow international borrowers to access U.S. mortgage financing using foreign income, assets, and credit documentation. These loans are commonly used by buyers who want to own a vacation home, investment property, or U.S.-based real estate asset while living abroad.

How It Works

  • Eligibility: Available to non-U.S. citizens living abroad or temporarily in the U.S.
  • Loan Amounts: Typically $100K – $5M+.
  • Down Payment: Usually 25%–30% minimum.
  • Credit Requirements: U.S. credit not required. Lenders may use foreign credit references (such as international bank statements, accountant letters, or credit reports from borrower’s home country).
  • Income Documentation: Foreign tax returns, bank statements, or accountant certification.
  • Property Types: Vacation homes, investment properties, and sometimes condos.
  • Reserves: Often 12–24 months of mortgage payments required in reserves.
  • Visa/Passport: Borrowers must provide a valid passport and U.S. visa (if applicable).

Benefits of Foreign National Loans

  • Enables global buyers to invest in U.S. real estate.
  • No U.S. credit history required.
  • Flexible documentation options (foreign bank statements, accountant letters, etc.).
  • Loan amounts available for luxury or high-value properties.
  • Builds a U.S. financial presence for future transactions.

Fun Facts & Insider Details

  • Investor Popularity: Many international buyers use this program to purchase vacation rentals or rental properties in Florida, New York, California, and Texas.
  • Cash Buyers Alternative: Instead of wiring full cash for purchases, international buyers can leverage financing.
  • Higher Rates: Interest rates are higher than conventional or FHA loans due to added risk.
  • Foreign Currency: Some lenders accept asset verification in foreign currency (converted to USD at current exchange rates).
  • Entity Ownership: Properties can often be titled under a U.S. LLC or corporation for tax planning.
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Who Is the Best Candidate for a Foreign National Loan?

  • International buyers seeking U.S. vacation homes.
  • Investors looking to purchase rental properties in the U.S.
  • Non-resident aliens with no U.S. Social Security Number or credit history.
  • High-net-worth individuals diversifying assets globally.

FAQs – Foreign National Loans

  • No. Lenders use foreign credit references and documentation instead.

  • Typically 25%–30% of the purchase price.

  • Yes. Some lenders allow projected or actual rental income for qualification.

  • Yes. Many lenders allow property to be titled under an entity for tax or liability purposes.

Next Step

If you’re an international buyer ready to invest in the U.S. real estate market, a Foreign National Loan may be the right financing solution.

Apply Now

⚖️ Disclaimer: This guide is for educational purposes only. Loan approval and terms depend on credit, income, assets, property type, and program guidelines.

Torres & Co. LendingPréstamos para extranjeros