Non-resident foreign nationals can finance Texas property without a US Social Security number or credit history. Primary residences, second homes, and investment properties available.
A foreign national mortgage is a Non-QM loan program designed for non-resident individuals who wish to purchase property in the United States without a Social Security number or US credit history. Texas is one of the most popular destinations for foreign national real estate investment, attracting buyers from Latin America, Europe, Asia, and across the globe due to its strong economy, favorable tax environment, and no state income tax.
Foreign national programs vary significantly by lender in terms of eligible visa types, required documentation, down payment minimums, and property types. As an independent broker, Kris shops multiple wholesale foreign national lenders to find the program that best fits your nationality, visa status, income documentation, and property goals in Texas.
Who Qualifies?
Non-US citizen purchasing or refinancing Texas property
Valid passport and visa documentation
No US Social Security number or credit history required
Foreign income verification through tax returns, bank statements, or bank reference letter
Down payment of 20-30% depending on program and property type
Property can be primary residence, second home, or investment property
Pros and Cons
Advantages
Purchase Texas property without US residency
No US credit history required
Primary, second home, and investment property eligible
Multiple income documentation options
Full legal title ownership
Texas has no state income tax for investors
Things to Consider
Higher down payment required (20-30%)
Interest rates above conventional due to Non-QM classification
Limited lender options require broker access
Processing may take longer due to documentation requirements
Some visa types have more limited program options
Reserves required, typically in a US bank account
Frequently Asked Questions
Yes. Foreign nationals can legally own real estate in Texas. Non-QM foreign national mortgage programs provide financing for non-resident buyers who do not have a US Social Security number or credit history. Full legal title ownership is available.
Typically required documents include a valid passport, visa documentation, proof of income (foreign tax returns or bank statements in English or with certified translation), 12-24 months of foreign bank statements, a bank reference letter from a foreign financial institution, and proof of funds for down payment and reserves.
Foreign national loans typically require 20% to 30% down depending on the property type, lender, and loan amount. Investment properties typically require 25-30%. Second homes may be available at 20-25%.
Eligible visa types vary by lender but commonly include B-1/B-2 visitor visas, E-1/E-2 treaty visas, H-1B, L-1, O-1, and TN visas. Non-visa holders from visa waiver program countries may also qualify. Kris can confirm which program fits your specific visa status.
Yes. Investment properties including single-family rentals and 2-4 unit properties are eligible under most foreign national programs. DSCR-based qualifying on the rental income may also be available for investment purchases, reducing income documentation requirements.
Foreign national loans carry slightly higher rates than conventional financing because they are Non-QM products held by portfolio lenders. The rate premium reflects the additional risk and documentation complexity. Shopping multiple lenders through a broker typically minimizes this premium.
