You’re not a US citizen. You don’t have a Social Security number. You make good money internationally. And you want to buy real estate in Florida — investment property or a primary residence.
Most lenders say no. They don’t know how to underwrite foreign nationals. Rick does. He structures loans for international buyers constantly. Here’s how it works.
Who Qualifies as a Foreign National
Non-US citizens buying property in the United States. You might be on a visa, a green card holder, or living outside the US entirely. You have income — salary, rental income, business income — but it’s in another country or earned internationally.
Traditional lenders won’t touch this. Rick has lenders who specialize in foreign national financing.
The Documentation You’ll Need
Passport or visa documentation. Two to three years of bank statements showing deposits and financial stability. Tax returns if you have a US tax ID. International tax returns from your home country. Proof of funds for down payment. Employment verification letter or business documentation.
It’s more paperwork than a US citizen provides. But it’s documentation that proves your financial stability across borders.
Down Payment and Rates
Foreign nationals typically need 30 to 50 percent down depending on the lender and property type. Rates are slightly higher than conventional US mortgages because lenders take more risk on currency and international income verification.
But if you have capital and you want to invest in Florida real estate, the rates are still competitive and the financing is available.
Primary Residence vs. Investment Property
Foreign nationals can buy primary residences — you’re moving to Florida and buying a home. You can also buy investment properties — rental homes or commercial real estate that cash flows.
Investment properties are easier to finance because lenders focus on the property’s income, not your personal situation.
Common Scenarios Rick Handles
Canadian investor buying a rental home in Miami. Brazilian executive relocating to Florida buying a primary residence. International business owner buying commercial space. Foreign national with US rental income buying another property to expand the portfolio.
The Timeline
Foreign national loans take slightly longer because documentation needs verification across borders. Expect 45 to 60 days from application to closing instead of the standard 30 to 45 days.
But once Rick has your documentation verified, underwriting moves.
Why Rick Specializes in This
Most lenders avoid foreign nationals because it’s complex. Rick embraces it. He knows which lenders will work with you, what documentation actually moves the needle, and how to structure the deal so it closes.
Your Next Step
You’re not locked out of US real estate because you’re not a citizen. Rick Cogswell finances foreign nationals buying in Florida every month. Chat with me below or call 954-734-4440, and we’ll map out your financing options. Or visit www.RickCogswell.com to get started right now.