Foreign National Loans

Foreign National Mortgage Loans in South Florida

Buying a home or investment property in Florida as a non-U.S. citizen? OCAL Capital Corp is a mortgage broker, and we can help you explore financing options from our network of lenders that work with foreign national borrowers. Programs, terms and eligibility vary by lender and by your individual situation.

Who foreign national loans are for

Foreign national programs are generally designed for non-U.S. citizens who live outside the United States, or who do not have a U.S. credit history or U.S. income documentation, and who want to buy:

• an investment property in Florida, such as a single-family home, condo or townhome;
• a second home or vacation home in Florida.

These programs are generally limited to second homes and investment properties and are not available in every circumstance. Whether you qualify depends on the lender, the property and your documentation.

Loan types that may be available

• Foreign national DSCR loans: qualification focuses primarily on the property’s expected rental cash flow rather than personal income. Lenders still review your assets, funds to close and the property.
• Other non-QM options: alternative-documentation programs that may fit borrowers who do not have traditional U.S. income documents.
• Purchase and refinance: options may be available for buying a property or refinancing one you already own, depending on the lender.

Looking for options for borrowers with an ITIN? Ask us. Availability varies by lender, and we will tell you what may fit your situation.

What lenders typically look at

Every lender sets its own requirements. These are common themes, not a checklist or a guarantee:

• Identification: a valid passport and, where applicable, a visa or other immigration documents;
• Proof of funds: documentation showing the source and availability of funds for the down payment and closing costs;
• Reserves: some lenders require you to show additional funds on hand after closing;
• A U.S. bank account: often needed to close the loan and make payments;
• The property: an appraisal and, for investment properties, information about expected rental income;
• Credit information: some lenders use a U.S. credit report, and others accept alternative credit documentation.

Eligibility, documentation and any restrictions on borrowers are set by each lender and are subject to U.S. sanctions and lender rules.

How it works

1. Tell us about your plans. Share the kind of property you are looking at and your timeline using our Get a Quote form or call us.
2. We review your options. We look at programs from our network of lenders that may fit your situation.
3. Gather your documents. We tell you what a lender is likely to ask for so you can prepare.
4. Apply and close. Your lender reviews your application, orders an appraisal and, if approved, schedules your closing. Approval is not guaranteed.

Frequently asked questions

Do I need to be in the U.S. to apply?

Not always. Some lenders allow parts of the process to be handled remotely, but you may still need to sign closing documents in person or through an authorized process. Ask us about your situation.

Can I get a loan without a U.S. credit history?

Some foreign national programs use alternative credit documentation instead of a U.S. credit score. Requirements vary by lender.

Can I use the property as my primary residence?

Foreign national programs are generally for second homes and investment properties. If you plan to live in the home full-time, ask us about other options.

What does a foreign national loan cost?

Rates, fees and terms depend on the lender, the program, the property and your qualifications. We do not advertise rates; request a free quote and you will receive a Loan Estimate from the lender if you apply.

Are there restrictions on where I live?

Lenders must follow U.S. sanctions and other laws, and each lender has its own rules. Contact us to find out whether a program may be available to you.

OCAL Capital Corp (Company NMLS #375292; Berk OCAL, NMLS #348809; Florida Mortgage Broker License FL13782) is a mortgage broker, not a lender. We arrange loans with third-party lenders. Programs, requirements and terms vary by lender and borrower qualifications and are subject to credit approval. Foreign national programs are generally limited to second homes and investment properties, are not available in all circumstances, and are subject to U.S. sanctions and lender rules. This page is general information only and is not an offer or a commitment to lend. Equal Housing Opportunity.