NON-QM · INTERNATIONAL BUYERS
Foreign National Loans in Florida
Financing for non-U.S. residents buying a second home or investment property in Florida — no U.S. credit history or Social Security number required with many programs.
OVERVIEW
Buy in Florida without U.S. credit
Foreign national loans are designed for buyers who live outside the United States and don’t have U.S. residency, a Social Security number or U.S. credit. Lenders use alternatives such as a valid passport and visa, international credit references and foreign bank statements.
They’re most often used for vacation homes and investment properties in South Florida, Orlando and the Gulf Coast. Many programs also allow qualifying on the property’s rental income.
At a glance
- No U.S. credit score required with many programs
- Second homes and investment properties
- Condos and single-family homes
- Rental-income (DSCR) qualifying available
KEY FEATURES
How it works
Identification
A valid passport, and often a visa or entry documentation, plus proof of your foreign address.
Credit and income
International credit reference letters, foreign bank statements, or the property’s projected rent in place of U.S. credit and tax returns.
Funds and reserves
Down payment and reserve funds must be documented and typically moved to a U.S. account before closing.
Closing
Many buyers close in an LLC or through a U.S. title company with remote signing options.
GENERAL GUIDELINES
Is it a fit?
Who it’s a good fit for
- International buyers purchasing a Florida vacation home
- Overseas investors buying rental property
- Buyers without U.S. credit or an SSN
- Buyers who want to close in an LLC
Things to know
- Larger down payments than U.S. resident loans
- Primary residences generally aren’t eligible
- Document translation may be required
- Condo buildings must meet the lender’s rules
Guidelines vary by lender and change over time. Alex will review your specific situation against current program rules.
Run your numbers first
Use the Amortization Calculator to estimate your payment and see how your balance pays down. Then tap Check My Options and Alex will confirm real figures for your situation.
FAQ
Common questions
Do I need a U.S. bank account?
Funds usually need to be in a U.S. account before closing. Alex can walk you through timing.
Can I rent the property out?
Yes. Many foreign national programs are built for investment properties, including some short-term rentals.
Can I buy a condo?
Often yes, as long as the building meets the lender’s requirements. Alex checks the building early.
GET STARTED
See what you may qualify for
Share a few details and Alex will follow up personally to review your options — usually the same business day. No obligation, and requesting information does not affect your credit.
- Shop 300+ wholesale lenders through NEXA Mortgage
- Clear answers on rates, costs and cash to close
- Pre-approval decisions typically within 24 hours of a complete application
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EXPLORE MORE
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Not a commitment to lend. Not all applicants qualify. Programs, rates, terms and availability may change without notice. All loans are subject to credit, income, asset and property approval. Non-QM loans are not agency or government loans and may have different rates, terms and requirements. H. Alex El-Ali, NMLS #1513750, FL LO125697 | NEXA Mortgage, LLC, NMLS #1660690. Equal Housing Lender.
Ready To Take The Next Step?
Talk with Alex about your goals — no pressure, no obligation.