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Foreign National Loans

Foreign National Loans, also known as non-resident loans or international borrower loans, are mortgage loans designed for individuals who are not citizens or residents of the country where they are seeking to purchase a property. 

Here are some key points to understand about foreign national loans:


  • Foreign national loans are available to non-U.S. citizens and non-U.S. residents looking to purchase real estate in the United States or other countries. Eligibility criteria can vary significantly among lenders, but borrowers typically need to provide documentation related to their financial stability and ability to repay the loan.


  • Foreign national borrowers are often required to provide extensive documentation to support their loan application. This may include proof of identity (passport or visa), proof of income from global sources, bank statements, and sometimes a credit report from their home country or an international credit bureau.

Down Payment:

  • Lenders may require foreign nationals to make a substantial down payment, often higher than what is required for domestic borrowers. The down payment amount can vary but is typically in the range of 20% to 40% of the property’s purchase price.

Interest Rates:

  • Interest rates on foreign national loans can vary depending on the lender, the borrower’s financial profile, and market conditions. These rates may be higher than those offered to domestic borrowers.

Loan Types:

  • Foreign nationals can often choose from various mortgage types, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), and interest-only mortgages, depending on the lender’s offerings.

Loan Limits:

  • The maximum loan amount that foreign nationals can qualify for may be lower than what is available to domestic borrowers. Loan limits are influenced by factors such as the borrower’s financial strength, the property’s location and value, and the lender’s policies.

Residency Requirements:

  • Some lenders may require foreign national borrowers to visit the country where they are purchasing the property during the loan application process. Others may allow remote application and underwriting.

Taxes and Legal Considerations:

  • Foreign national borrowers should be aware of tax implications and legal requirements associated with owning property in a foreign country. It’s advisable to consult with legal and tax professionals to understand these aspects fully.

Foreign national loans can provide opportunities for international investors to diversify their real estate portfolios and take advantage of potential investment opportunities in other countries. However, the application process can be more complex due to the need for additional documentation and financial verification.

If you are a foreign national interested in obtaining a mortgage loan in a foreign country, it’s crucial to work with experienced lenders and advisors who specialize in serving international borrowers and can guide you through the process.

Vashon Mortgage – NMLS #2431410  &  Collen & Associates CA DRE #01452367

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Randal Collen    MLO #2386273  &  DRE #01452367

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