Home Loans for Overseas Investors
Buying an apartment in New York doesn’t have to mean paying all cash. If you are a foreign national, it is possible to secure financing from a U.S. bank — and we can help you through the process.
Financing Options for Foreign Nationals
- Foreign National Loans: Non-U.S. citizens without lawful residency cannot access Fannie Mae, Freddie Mac, or FHA loans. Instead, financing is available through private banks.
- Requirements: Private lenders typically require a larger down payment — usually 30% to 50% — and may charge higher interest rates to reduce their risk.
Credit Scoring for Foreign Nationals
Applicants without a U.S. credit history can qualify through non-traditional credit reports, which may include:
- Utility payments
- Rental history
- School tuition
- Childcare costs
- Personal loans
- Proof of savings over 12 months
Non-Permanent Resident Aliens
If you don’t have a green card but hold a Social Security number, you may still qualify for financing. You’ll need:
- A valid work permit or employer-sponsored visa
- Proof you can live and work in the U.S. for at least three years
Refugees and Asylees
Immigrants who have been granted refugee or asylum status are treated like lawful resident aliens and can obtain mortgages similar to U.S. residents.
Permanent Resident Aliens
Permanent residents can qualify for the same mortgages as U.S. citizens, including Fannie Mae and Freddie Mac loans.
Required documentation typically includes:
- Green card
- Social Security number
📞 Call us at 212-706-8883 to discuss your financing options as a foreign buyer in New York.
