Financing a Florida Home as a Foreign National

You don't have to pay all cash to buy in Florida as a foreign national. Specialized loan programs exist for international buyers — here is how they work and what to expect.

Foreign-national loan programs

Because government-backed loans (conventional, FHA, VA) generally require U.S. citizenship or permanent residency, foreign nationals typically use foreign-national or non-QM portfolio loans from specialized lenders. These accept alternative documentation in place of a U.S. credit score or Social Security number.

Expect a larger down payment

Foreign-national loans usually require 20–30% down, sometimes more, with reserves. Rates and terms vary by lender and country, so it pays to compare. We can connect you with lenders experienced in international buyers.

Documentation

Instead of a U.S. credit report, lenders may use a passport and visa, an ITIN, bank reference letters, proof of funds, and an international credit report. The exact list depends on the lender and your home country.

Cash vs. financing

Many international buyers still choose cash for speed and simplicity, then potentially refinance later. Either way, a CIPS agent and attorney-broker helps you structure the purchase — and the title and contract — correctly. Start with our international buyer team →

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Frequently asked questions

Can foreign nationals get a mortgage in Florida?

Yes — through specialized foreign-national or non-QM loan programs that do not require U.S. citizenship, a Social Security number, or a U.S. credit score. They use alternative documentation instead.

How much down payment do foreign buyers need?

Foreign-national loans typically require 20–30% down (sometimes more), plus reserves. Terms vary by lender and country, so comparing options matters.

Do I need a U.S. credit score to buy in Florida?

Not necessarily. Foreign-national lenders use alternative documentation — passport, visa, ITIN, bank reference letters, proof of funds, and sometimes an international credit report — instead of a U.S. credit score.

Is it faster to buy with cash?

Often, yes — cash purchases close faster and with fewer requirements. Some buyers pay cash and refinance later. A CIPS attorney-broker can help you weigh the options and structure the purchase.

Keep reading: How Much Does It Cost to Sell a House in Florida? · Florida Homestead Exemption: How to Lower Your Property Taxes · Buying a Beachside Home in Volusia County: What to Know · All insights →

About the author — Arthur Simpson

Arthur is a Florida attorney, licensed real estate broker, and Certified International Property Specialist (CIPS), and a member of the Real Property and International Law Sections of The Florida Bar. He founded Simpson & Simpson Realty to give Volusia & Flagler families — and buyers from around the world — a brokerage with a real estate attorney's eye on every deal. Meet Arthur & the family →