Foreign National Mortgage in Florida: How Non-US Citizens Can Buy
Foreign national mortgages in Florida are available for non-US citizens who want to purchase residential or investment property. These programs do not require a Social Security number, US credit history, or US employment. They are specifically designed for the large international buyer market that fuels South Florida real estate.
Who qualifies as a foreign national borrower
A foreign national borrower is someone who is not a US citizen and does not hold a green card or work visa. Visa holders (B-1, B-2, tourist) and non-US residents both qualify under foreign national programs. Non-resident alien guidelines apply. US citizens buying through foreign-owned LLCs may also use these programs.
Foreign national mortgage requirements in Florida
- Minimum down payment: 25–35% depending on program
- Credit: lenders use foreign credit bureau reports or bank reference letters
- No US Social Security number required
- Income verification: foreign tax returns, bank statements, or employment letters
- Eligible property types: primary residence, vacation home, investment property
Rates and terms
Foreign national mortgage rates run 0.5–1.5% above standard conforming rates. Loan amounts up to $3–5 million are common among South Florida lenders who specialize in this market. 30-year fixed and adjustable-rate options are both available. Terms vary by lender, so shopping multiple sources is worthwhile.
South Florida’s international buyer market
South Florida consistently ranks among the top international buyer markets in the United States. Latin American, European, and Canadian buyers are the most active groups in Palm Beach, Broward, and Miami-Dade. Mortgage Capital offers foreign national mortgage programs across all South Florida counties.
For personalized guidance on buying or selling in South Florida, contact the team at Pure Equity Realty. We serve Palm Beach, Broward, Miami-Dade, St. Lucie, and Highlands counties with expert representation and a 1% listing fee.
Onias Derilus is the Broker/Owner of Pure Equity Realty, a South Florida brokerage specializing in 1% listing commissions and free buyer representation across Palm Beach, Broward, Miami-Dade, St. Lucie, and Highlands counties. He holds an NMLS mortgage originator license and founded Mortgage Capital and Verified Title to serve clients through every step of the transaction.